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 85% of the property’s purchase price and 100 percent of the repair costs. Click here 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 70% 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 here.
Connecticut Rental Loans
Asset Based Lending offers private rental loans for buy and hold investors in Connecticut. These doc-light rental loans are designed for 1-4 family property investments with single rental loans up to $3M and rental portfolio loans up to $6.25M. Our unique capital structure allows us to offer the most competitive loans for rental property, with rates starting as low as 3.75% and leverage up to 80% LTV.
ABL focuses on providing a flexible and simple loan process, offering a variety of rental loan options including 30-year amortization, ARM, and interest-only options. We work with investors of all experience levels, assessing each deal based on the income-producing viability of the property. Our team partners with the best local appraisers, attorneys, and title agents to insure a five-star experience for our borrowers from start to finish. If you’re an investor looking for CT rental loans, contact us today.
ABL Understands Local Real Estate Markets
Our team has been lending in Connecticut and the rest of the northeast for over a decade, becoming experts in the local real estate markets. Whether its new condo builds in Stamford or a fix and flip in Norwalk, ABL understands how to tailor a loan to match your specific project in these areas. Based on internal and external data, ABL has identified the following cities as some of the top choices for real estate investors: Hartford and Bridgeport. These cities have exploded with new residents moving out of New York City, causing their real estate markets to boom and produce high ROI for savvy investors. If you’re looking to invest in these areas with our Connecticut hard money loans, contact us today.