Savannah Hard Money Loans
The Premier Hard Money Lender in Savannah
Asset Based Lending offers hard money loans for real estate investors in Savannah and the rest of Georgia. We offer loans for a variety of investment opportunities including fix and flips and new construction, as well as 30 year fixed loans for rental properties. Our team specializes in fast and reliable financing, approving loans in 24 hours and closing deals in 10 days or less. ABL services these loans fully in-house, tailoring loans to match your specific project and ensure you receive the best possible loan. Whether you’re looking for maximum leverage, lower interest rates, zero points, or something else, we’ll work with you to determine the best loan for your investment strategy.
ABL is a local hard money lender that works closely with Savannah real estate investors, financing their investments with fast and reliable capital to help scale their real estate business. We work with investors of all experience levels, whether its your first fix and flip or expanding your current rental portfolio. With nearly $1 Billion funded across thousands of hard money loans, our team are experts in delivering a five-star loan process from start to finish. If you’re looking for hard money loans in Chatham County, then contact us today.
Offering The Most Reliable Hard Money Loans In Savannah Georgia
Savannah Fix and Flips On The Rise
With states like Georgia experiencing a surge in population over the last couple years, the real estate markets in popular cities like Savannah have started to boom. As of August 2021, the average home sale price for the city reached $270,000 which marks a 14% increase year over year. Homes are spending an average of only 40 days on the market which is 38% less time than the previous year and highlights how active the current marketplace is. These stats highlight the constant activity occurring inside the Savannah seller’s market, which is good news for fix and flip investors. However, the higher price point and low inventory means securing a property to flip is harder than ever, so investors need fast and reliable capital to stay competitive in the market.
Asset Based Lending provides hard money loans for fix and flips in Savannah and beyond, working with local investors to scale their real estate business. As investors ourselves, we know that using outside financing is the key to acquiring property and funding the renovation needed to successfully flip the house. We designed our 12-month bridge loans to help investors by financing up to 90% of purchase price and 100% of renovation costs. With our proof of funds letter in hand and the financial backing of the premier hard money lender in Georgia, you’ll be ready for your next successful flip with our Savannah fix and flip loans.
Savannah New Construction Filling Inventory Gaps
The Georgia real estate markets are experiencing the same highs and lows as other popular markets throughout the country- high demand and low available inventory. As of August 2021, homes are selling for $151 per square foot which marks an 18% increase from the previous year. Builders and developers have a competitive advantage over fix and flip investors by being able to meet buyer demand. For example, homes that feature a home office or working fireplace are seeing more views on their listings and are frequently receiving offers above asking price compared to homes that lack these amenities. Being able to follow local trends and build to meet the marketplace is a great way to ensure your residential new construction project is a financial success.
Builders and investors that can source their materials directly are in good positions to use our hard money new construction loans to start and finish their project, selling it in this hot seller’s market. We work with experienced developers to finance 100% of their construction costs and up to 90% of the land value, offering competitive interest rates and flexible underwriting to match your specific project. Our new construction loans offer investors a fast and reliable way to finance their project and scale their real estate business. If you’re an experienced builder that wants to be approved for Savannah new construction loans, then contact us today.
Investing in Savannah Rental Property
With housing inventory being at an all time low, the rental markets in popular cities like Savannah have seen large gains in the average ROI for investors. As of August 2021, the average monthly rent price in Savannah is $1,570 which marks a 12% increase year over year and is slightly higher than the national average. Currently 47% of the city’s population rents instead of owns and the rental vacancy rate hovers around 7%, making it an easy place to find tenants and ensure your asset continues to generate monthly income. Investors looking to begin or grow their rental portfolio in Georgia should consider Savannah as their next investment opportunity.
These stats look great for one of the most popular investment strategies for real estate investors: the BRRRR method. The acronym stands for buy, rehab, rent, refinance, and repeat. It’s a process that’s as simple as it sounds: the investor purchases a property and renovates it to increase its market value and charge a higher monthly rent. After a tenant is found and the asset begins producing passive income, the investor refinances the loan and uses the newly acquired capital to purchase their next rental property to repeat the process. Over time, the investor grows their rental portfolio and eventually has multiple sources of passive monthly income, setting themselves up for long-term wealth. If you’re an investor that wants to utilize the BRRRR strategy using our Savannah rental loans, then contact us today.