Worry-Free Fix And Flip Lending
It requires vision to be able to identify a property in disrepair and map out how to remodel it into a showpiece that is ready for sale. It also requires money to be able to purchase the property and begin the work. ABL’s home fix and flip loans are integral to your profitability. We are proud to provide real estate investor financing to both experienced real estate investors as well as qualified first-time borrowers.
Since the ability to move quickly is crucial to taking advantage of investment opportunities, ABL offers speedy financing solutions that typical lending institutions cannot. We can close in as little as three to four days if the paperwork is in order, and on average, closing time is 10 days for our loans. These hard money loans can cover up to 90 percent of the property’s purchase price and 100 percent of the repair costs. Visit the Fix and Flip link above for more information about the process, rates and requirements for home fix and flip loans.
New Construction Financing
ABL prides itself on fast and flexible underwriting for new construction projects, as we realize seasonal and market conditions can affect the speed at which you need to move. When conventional financing is not an option, we offer innovative new construction loans. Our new construction financing solutions are available only to experienced investors, contractors and builders. These individuals can borrow up to 60 percent of the land value along with 100 percent of the construction costs.
Our underwriting requirements for new construction loans are flexible, and there are no minimum credit score requirements. However borrowers can place their trust in ABL, since we won’t grant a loan if we’re not confident that the deal with be profitable for all parties. To learn more about ABL’s rates and criteria for these 12-month construction loans, click on the New Construction link above.