Fast Fix And Flip Financing
It takes talent to be able to spot a problem property and envision how to transform it into a beautiful, sale-ready home. It also takes money to acquire the property and do the rehab work. Home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been a primary focus for ABL. As hard money lenders in Massachusetts, 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, and 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 fast hard money 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.
Seasonal and market conditions can dictate a need for quick and flexible underwriting for new construction as well. ABL provides new construction loans 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.
While our underwriting criteria for 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 loan if our experience doesn’t convince us that everyone involved in the deal will profit. Click here for more details about rates and requirements for these 12-month new construction loans.
Asset Based Lending offers term rental loans for buy and hold investors in Massachusetts. These private rental loans are designed for 1-4 family properties with single rental loans up to $3M and rental portfolio loans up to $6.25M. Our unique capital structure allows us to offer competitive loans with rates as low as 4.25% and leverage up to to 80% LTV.
ABL offers flexible loan options to help meet borrower needs, including 30-year amortization, ARM, and interest-only options. We work with investors of all experience levels, whether you’re working on your first rental property or expanding your rental portfolio. Our team is dedicated to providing a five-star service for our borrowers by partnering with the best local appraisers, title agents, and attorneys. If you’re ready to grow your real estate business with these MA rental loans, then contact us today.
Your Local Massachusetts Private Money Lender
Over ten years of success in the northeast has made ABL experts in the local real estate markets for Massachusetts. We follow market trends in the areas we lend in to better serve our borrowers and ensure we deliver our five-star service every time. Based on internal and external data, ABL has identified two cities as an opportunity for investors: Springfield and Boston. Both cities have seen a boost to their real estate markets in recent years, thanks to their cultural significance, growing job markets, and convenient location near other major cities of the northeast. Savvy investors can take advantage of this by working with a lender that understands what makes a viable property in these local markets. If you’re an investor that wants to use our hard money loans to invest in Massachusetts, contact us today.