Growing Your Real Estate Business In Pennsylvania
The tristate area is experiencing a real estate boom, especially in Philadelphia and its surrounding suburbs. The low inventory and high demand has made the area a sellers’ market over the last few years, becoming a favorite for investors. According to Bright MLS, in April 2020 the median number of days houses were on the market reached a 10 year low, with homes selling in 16 days on average! This quick turnaround means the chance for rapid growth for real estate entrepreneurs looking to fund successful fix and flips.
Asset Based Lending are experts in the greater Philadelphia real estate market, providing hard money fix and flip loans in the following counties: Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia. Our team is ready to provide you the fastest and most flexible hard money real estate loans in Pennsylvania, so you can start or expand your real estate business today.
Why Use A Hard Money Lender For Real Estate Loans In PA
Real estate investors have many loan options, but the right one can make the difference between securing a great deal or letting it slip through your fingers. While some investors choose to work with a bank, these conventional mortgages are very restrictive in who they lend to and how quickly funds can be accessed. Other investors choose to work with private money lenders, although these deals tend to be loose and insecure as potential problems arise. When it comes to fix and flip projects, also known as rehab and sell, its better to have a flexible lender with quick draw turnaround so there is never a delay in your renovations or a question about the loan’s reliability.
With the state becoming a hot spot for successful fix and flips, you need a reliable hard money lender. Asset Based Lending combines the security of a financial institution with the speed and flexibility of a private money lender, making us your ideal choice. If you’re a serious investor looking for Pennsylvania hard money loans, then you should know ABL is committed to being the best hard money lender PA has.
Choosing Asset Based Lending For Your Hard Money Real Estate Loans In Pennsylvania
Once you’ve chosen your preferred loan option, its time to choose your lender. Having a lender you can rely on throughout the entire loan process is important, as guidance and flexibility can help turn your project from good to great. With the growing rate of fix and flips PA has seen, you also need a lender that can close deals quickly so you don’t get outpaced by other real estate investors. Asset Based Lending has the expertise and the drive to make sure you’re successful in a competitive real estate market, offering loan approval in 24 hours and closing deals in 10 days or less. With flexible loan sizes ranging from $75K to $2.5M and quick draw turnaround, you will always have the funds you need right when you need them. We have zero prepayment penalties, meaning you can pay off your loan early and save money instead of being punished for a successful fix and flip! Plus, we understand that problems may occur, so we offer direct access to decision makers throughout the entirety of your loan.
Simply put, Asset Based Lending is dedicated to tailoring a hard money loan for real estate investors that want to grow their business quickly and efficiently. Contact us today to discover the most reliable hard money loans PA has to offer.