Florida Fix And Flips On The Rise
The state 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 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.
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 premier option.
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 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 reliable and knowledgeable fix and flip lenders, Asset Based Lending is here to help. Our team of experts specialize in fix and flip loans throughout the state, 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, 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.