Fix And Flip Loans
Real estate investors that can view a distressed property or a home that is rough around the edges and have the ability to transform it into a beautiful, sale-ready home can take advantage of our fix and flip loans. These loans are designed for investors to purchase the property and complete the renovation without worrying about the capital needed to complete the project, with loans covering up to 85% of the purchase price and 100% of the rehab. We offer zero-point loan options with no pre-payment penalties or exit fees so our borrowers can keep more of their profits.
ABL works with investors of all experience levels, whether you’re working on your first fix and flip or growing your real estate business. We offer fast and simple financing, with loans approved as fast as 24 hours and deals closing in 10 days or less. If you’re looking for fix and flip loans in Long Island, contact us today. For more information such as rates and requirements, check out our additional details on fix and flip loans.
New Construction Loans
With housing inventory reaching all time lows in Long Island and the rest of the northeast, there is no better time to invest in residential new construction. We offer fast and reliable financing for experienced builders and contractors who can borrow up to 70% of the land value and 100 percent of the construction costs. These new construction loans are designed for investors with the proper experience, so borrowers can rest assured that we will not lend on a deal we don’t believe in.
With over a decade of successful construction lending, ABL are experts in the local markets and the requirements needed to move forward. If you need 12-month bridge financing for a new construction project, then contact us today about our Long Island new construction loans.
LI Rental Loans
The rental markets in Long Island have remained steady throughout the pandemic and are set to rebound even stronger as vaccinations continue. ABL offers term rental loans for buy and hold investors in Long Island that want to secure 1-4 family properties for their portfolio. These doc-light rental loans are open to investors of all experience levels, as we assess each deal on the income-producing asset of the property. 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 rental loan options to match borrower needs including 30-year amortization, ARM, and interest-only options. 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 LI rental loans, then contact us today.