Fast Fix And Flip Financing
Turning a problem property and transforming it into a beautiful, sale-ready home takes skill. It also takes money to acquire the property and do the remodel work. Home fix and flip loans are the key to profitability and leverage in this scenario, and these real estate investor loans have always been a primary focus for ABL as residential hard money lenders in Maryland. We primarily provide 12-month loans to experienced investors and professionals, but we do lend to qualified first-time borrowers as well.
Speed is critical to capitalizing on incredible investment opportunities. As private money lenders in Maryland, ABL provides financing solutions that typical lending institutions cannot. We can close in three to four days if all of the paperwork is in order, and the average closing time is 10 days for our loans — which cover up to 85% of the purchase price and 100 percent of the rehab costs. Click here for more details about rates and requirements for home fix and flip loans.
New Construction
Seasonal and market conditions in Maryland can dictate a need for quick and flexible underwriting for new construction as well. ABL provides new construction loans in Baltimore and surrounding counties when conventional financing is not the right answer. New construction loans are available only to experienced investors, contractors, and builders, who typically can borrow up to 70% of the land value and 100 percent of the construction costs.
Asset Based Lending’s new construction loans are flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t fund a hard money loan if our experience doesn’t convince us that everyone involved in the deal will profit. Click on our New Construction link for more details about rates and requirements for these 12-month loans.
Maryland Rental Loans
Asset Based Lending offers term rental loans for real estate investors in Maryland. These private rental loans are perfect for buy and hold investors that want to add 1-4 family properties to their portfolio. Our terms are borrower-friendly with rates starting at 3.75% and leverage up to to 80% LTV. We offer a variety of loan options to best match your goals including 30-year amortization, ARM, or interest-only. ABL works with investors of all experience levels, whether you’re looking to secure your first rental property or continue growing your portfolio.
Our unique capital structure allows us to lend on single rental loans up to $3M and rental portfolio loans up to to $6.25M. We pride ourselves on delivering a five-star experience to our borrowers by working with only the best local appraisers, title agents, and attorneys. With the BRRRR method of investing becoming so popular, we wanted to provide our own version of BRRRR loans for our borrowers. If you’re ready to apply for the best rental loans Maryland has to offer, then contact us today.
