Florida fix and flip loans

Fix And Flip Loans In FL

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The Most Reliable Fix And Flip Loans In Florida

Whether you’re an experienced real estate investor or looking to enter the business, Asset Based Lending can provide you the most investor-friendly fix and flip loans Florida has to offer. After a decade of offering loans in the north east, our borrowers requested we start offering our hard money loans throughout the state of Florida, and we listened. We offer loan approval as fast as 24 hours and provide funding in 10 days or less, meaning you will never miss out on a great deal. With underwriting that is tailored to your specific fix and flip project, you’ll have a loan meant to maximize your financial gain in the shortest amount of time.

Our fast approval, flexible underwriting, and no early payment penalties make our fix and flip loans the top choice in Florida. If you’re ready to begin your next successful fix and flip project, contact Asset Based Lending today.

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Success Story: Jupiter, FL Fix and Flip

Purchase: $790,000 Loan Amount: $1,000,000
Renovation: $400,000 Sale Price: $1,600,000

Fix and Flip Loans in Florida

Experience  Credit Score Minimum Interest Rate Points Advance Rate On Purchase Advance Rate On Rehab ARV Property Types Pre-Pay Penalty Extensions  Blanket Loans Loan Size Loan Terms
Any 650 9%–11% 1%–2% Up to 85% 100% Up to 75% Single Family, Multi Family, Mixed Use No Available Yes $75K – $2.5M 12 Months

Closing Speed Closing Speed
A delay in securing funding could mean missing out on an incredible investment opportunity. We’ve closed loans in 48 hours, and average just 10 days.
Underwriting Flexibility Underwriting Flexibility
Flexible underwriting criteria allows fix and flip investors to secure funding not available to them through other institutions.
Competitive Rates Competitive Rates
ABL funds fix and flip investments at interest rates starting at 9% with a little as 1%–2% points, and repeat borrowers receive preferred pricing. Loan amounts range from $75K to $2.5M

Florida Fix And Flips On The Rise

Florida has become a hot spot for fix and flip investors due to low housing supply but continuously rising demand. According to AttomData, in Q2 of 2019 the number of home sales that were fix and flips went up 12% from the previous year, and specifically 32% of house sales in Dade county Florida were fix and flips! Home values in Florida have risen 6% over the last year, granting an even larger profit to real estate investors who find the right property to rehab.

Experienced real estate investors need a reliable lender that knows the market, and new investors need experts to guide them through the process. Asset Based Lending has been funding successful fix and flips for over a decade, resulting in a high number of repeat borrowers. We lend in the entire state of Florida. Contact us today to experience the best fix and flip loans Florida has to offer.

Why Investors Prefer Hard Money Loans For Fix And Flips In Florida

When it comes to fix and flips, also known as rehab and sell, real estate investors understand the right loan can make the difference between securing a great deal and missing out. For example, conventional mortgage loans are typically a bad idea for fix and flips since banks have a long vetting process and tend to avoid complicated renovation projects. Private money lenders are a better idea, but these lenders can be unreliable and don’t have the same stability as a more established financial institution. Hard money loans from a reputable organization may be the best option for fix and flips, and Asset Based Lending is the best hard money lender Florida has to offer.

Thanks to our flexible underwriting and fast draw turnaround, we’re able to help a wide range of borrowers execute the perfect fix and flip project with no financial delays. Our organization has built a reputation of having the security and reliability of a financial institution, and our customized loans match the simplified process of a private money lender. Hard money loans should fund your Florida fix and flip project, and those loans should come from Asset Based Lending.

Choosing Asset Based Lending For Your Florida Hard Money Fix & Flip Loan

If you’re looking for a reliable and knowledgeable lender, Asset Based Lending is here to help. Our team of experts specialize in fix and flip loans throughout the state of Florida, and we work tirelessly to make sure your project succeeds. We tailor our fix and flip loans to match your specific project, but every ABL loan includes:

  • Preapproval within 24 hours of initial prequalification
  • Closing within 10 days on average
  • Flexible loans sizes from $75,000 to $3-4 million
  • No prepayment penalties
  • Expedited construction draw disbursements
  • Direct access to lender/decision maker

When you are ready to move forward with the premier fix and flip lender in Florida, give us a call at 201-942-9089 or get prequalified online. Discover what makes ABL a trusted partner to fix and flip investors for yourself.

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