Construction Loans Florida

New Construction Loans In Florida

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Fast & Reliable Construction Loans In Florida.

Asset Based Lending has over a decade of experience providing new construction loans to experienced real estate investors. We work with knowledgeable borrowers looking to expand their business and their bank accounts through successful new construction projects. Our team specializes in fast loan approval and funding, with approval as fast as 24 hours and initial project funding in 10 days or less. With flexible underwriting that takes your property, location, and construction experience into account, we tailor a loan that fits your project perfectly.

ABL understands Florida real estate and knows what goes into profitable new construction projects. If you’re ready to apply for one of the most reliable Florida new construction loans around, contact us today.

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Success Story: Jupiter, FL Gut Renovation

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

 

Why Use Asset Based Lending For New Construction Loans In Florida

Experience  Credit Score Minimum Interest Rate Points Advance Rate On Purchase Advance Rate On Construction ARV Property Types Pre-Pay Penalty Extensions  Blanket Loans Loan Size Loan Terms
High 650 9%-10% 0-2 60% Land Value 100% 60% Single Family, Multi Family, Mixed Use No Available Yes $75K to $3M 12 Mo.

 

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 investors in new construction to secure funding not available to them through other institutions.

 
Competitive Rates Competitive Rates
New construction investments for experienced contractors and borrowers are funded at interest rates of 9%-10% and 0-2 points. Loan amounts range from $75,000 to $3,000,000.

Close In 10 Days Or Less. Rates Start As Low As 9%.

Florida Real Estate Needs New Construction

Low housing inventory in Florida has driven up demand, and more importantly driven up housing prices, making the state a great choice for new construction projects. CNBC reported a 6% increase in the average price for home sales in Florida for 2019, as well as an unemployment rate lower than the national average, which is essential for a thriving new construction market. According to Mashvisor, cities like Orlando and Tampa are top choices for new construction due to their growing metro areas and affordable housing prices compared to other major cities in the country.

Asset Based Lending are experts in the Florida real estate market, providing new construction loans to experienced investors that know how to execute a successful project. Our flexible underwriting tailors the loan to your specific plan, allowing us to approve and fund your project quickly and efficiently. If you want to start your next successful construction project in the sunshine state, then apply today for our Florida new construction loan.

Why Investors Prefer Hard Money Loans For New Construction In FL

With so many different types of real estate loans available, its important to highlight why some loans are a better fit for new construction projects than others. For example, conventional loans through banks tend to be a poor fit for new construction projects because banks avoid loans with high risk factors. Plus, bank loans involve an arduous process that delay your start day. Another option is going with a private money loan, but private money lenders don’t have the same stability as banks. Hard money loans though a reputable lender offer the flexibility of private money with the funding security of a financial institution, making it the best choice in Florida for new construction loans.

Asset Based Lending is the premier Florida hard money lender, providing reliable hard money loans for new construction. Half of our loans go to repeat borrowers thanks to the high-quality service and fast draw turnaround we provide. We want to help you expand your real estate business, so contact us today for your hard money construction loan.

Choosing ABL For Your New Construction Loan In FL

New construction projects require lots of planning and strategic execution, so you need a lender that understands the process from start to finish. Asset Based Lending have been providing new construction loans for over a decade and specialize in the Florida real estate market. We tailor our loans to match your project, providing competitive rates and expert advice to every qualified investor. With approval occurring as fast as 24 hours and funding in 10 days or less, we make sure your new construction project starts quickly and progresses without delay. ABL doesn’t charge early payment penalties either, meaning you aren’t punished for completing a successful project and moving on to the next!

Contact us today to find out why Asset Based Lending provides the hard money loan Florida borrowers trust for new construction.

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