Fast Fix And Flip Financing
Having the vision to identify a problem property and transform it into a beautiful, sale-ready home takes an incredible amount of skill. It also takes capital to purchase the property and do the rehab work. Asset Based Lending’s home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been the primary focus for ABL. Not only do we provide 12-month hard money loans for real estate investors and professionals, but we also lend to qualified first-time borrowers as well.
Speed is critical to capitalizing on investment opportunities, and ABL provides financing solutions that traditional 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 just 10 days for our loans — which cover up to 85% of the purchase price and 100 percent of the rehab costs for a property. For more information such as rates and requirements, check out our additional details on fix and flip loans.
New Construction
Quick and flexible underwriting for new construction is often an essential component of profitability in various seasonal as well as market conditions. 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 is flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t issue 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 loans.
Reliable NJ Rental Loans
Asset Based Lending now offers term rental loans for buy and hold investors. These private rental loans are designed for 1-4 family properties and are a doc-light approach to rental property investments. We offer rates as low as 4.25% with leverage up to 80%. With our unique capital structure and flexible underwriting, we can offer single rental loans up to $3M and rental portfolio loans up to $6.25M.
ABL offers a variety of loan options including 30-year amortization, ARM, and interest-only options. Whether you’re an experienced investor or working on your first rental property, ABL is here to help. Our team works with the best local appraisers, title agents, and attorneys to deliver a five-star experience for our borrowers. If you’re ready to expand your rental portfolio with our NJ rental loans, then contact us today.
Your Local New Jersey Private Money Lender
After being founded in New Jersey over 10 years ago, the ABL team have become experts in the state’s local real estate markets. From multi-family rental property in Paterson to luxury fix and flips in Scotch Plains, we understand how to tailor loans to match your specific project in these distinctly different markets. Based on internal and external data, we’ve identified the following cities as top choices for investors: Jersey City and Newark. With their close proximity to New York City, thriving job markets, and year-over-year crime rate reductions, these cities have continued to bring in new residents and offer great opportunities for real estate investors. If you’re looking to use our NJ hard money loans for real estate investments, contact us today.