Rental Property Financing In PA

Rental Loans In PA

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Asset Based Lending Funds Pennsylvania Rental Loans

Experienced real estate investors looking to begin or grow their rental portfolio need a lender they can rely on from the first conversation to the final payoff. Asset Based Lending manages your short-term loan from start to finish, providing you the highest quality service and advice throughout the entire process. We then transition you into a long-term loan with our affiliate partner, where our business relationship allows you some of the best possible rates and most flexible underwriting. Our loans are tailored to your specific situation- whether you’re looking for the highest LTV, the lowest rate, or something in between. With loan approval occurring as fast as 24 hours and initial funds received in 10 days or less, you can start your rental expansion as soon as possible.

If you’re looking for a loan to buy rental property in Pennsylvania or want to refinance rental property, ABL has you covered. Our team of experts are always ready to assist you, so contact us today and experience the most trusted rental loans PA has to offer.

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PA Rental Loan Highlights

  • No seasoning requirements
  • No personal income verification
  • No doc program available
  • Cashout/refinance rates as low as 5%
  • Up to 75% LTV for cashout/refinance
  • 600-650 minimum credit score
  • Close on purchase in 10 days or less

ABL Is Here To Find You The Perfect Rental Property Financing In PA.

The Best Rental Property Financing PA Has To Offer

Lending Options Lending Options
With our arsenal of rental property loans, investors know we can get them into the program that fits their needs. Max Cash Out? Lowest Rate? Highest LTV? We have you covered.
No Broker Fee No Broker Fee
ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’ve developed a business partnership with a mortgage bank that understands the unique needs of our investors.
Peace Of Mind Peace Of Mind
Our team of specialists will structure and pre-approve your rental propety refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.
Competitive Rates & LTVs Competitive Rates & LTVs
With rates between 5%-8% and LTVs as high as 75%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.
Flexible Underwriting Flexible Underwriting
These programs were built by investors, for investors. We underwrite to the profitability of the project, and reduce documentation needs as much as possible.
The ABL Difference The ABL Difference
Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team and our partners.

Why Real Estate Investors Are Choosing Pennsylvania

With 44 of the top 1000 public and private companies calling Pennsylvania home, along with top schools like Penn State and Haverford, the state’s economy continues to boom while attracting people from all over the country. Specifically, people are looking to rent so they maintain a high level of flexibility in their living situations. For example- according to Mashvisor, as of 2019 49% of the population living in the greater Philadelphia area are renting their home and return a higher than national average cap rate to the property’s owner. With house inventory remaining low but housing demand continuing to rise, these numbers show that Pennsylvania is a strong market for real estate investors to grow their rental portfolio.

The ABL crew are dedicated to helping you grow your real estate business in Pennsylvania, through flexible rental loans and reliable property refinancing. With over a decade of success and the best quality service throughout the entire loan process, Asset Based Lending is providing serious real estate investors with the best rental loans Pennsylvania has.

Why Should You Rent Or Refinance Your Pennsylvania Property

Some real estate investors want to make a quick buck through a fix and flip project, but others are looking to build their long-term wealth. By using rental property to generate monthly income or refinancing property to gain immediate funds, investors can more quickly finance their next project and expand their real estate business faster. This kind of long-term investing strategy is becoming much more popular and is referred to as the BRRRR method. BRRRR stands for buy, rehab, rent, refinance, repeat. The steps are pretty clear: you purchase the property with a fix and flip loan, rehab it to increase its value and rent it out to recoup money and gain profit over time, refinance the property and use those new funds to acquire your next rental. The payoff is building wealth over time through rent collection and property acquisition, turning your rental portfolio into a money-making rental empire. The trade-off is a slower start to becoming cash flow positive and not everyone wanting to be involved in the rental space. However, if you have the tenacity and the patience required to make the BRRRR strategy a winning one, then Pennsylvania is currently a hot market to do so.

Getting a loan for rental property can be tricky, but Asset Based Lending makes it as simple as possible. We manage your short-term rental loan from start to finish and use the same documentation to pass your long-term loan to our trusted mortgage partner, saving you time and energy. ABL has been funding Pennsylvania real estate investors for over a decade, and our team is committed to helping you reach your financial goals. If you’re ready to start utilizing the BRRRR method, contact us today.

Choosing Asset Based Lending For Your PA Rental Loans

If you’re wondering how to get a loan for rental property, you’ve come to the right place. Many investors are wanting to start or grow their rental portfolio, and the need a lender that understands the industry and can smoothly manage the short-term and long-term components. Asset Based Lending and its long-term lending partner has some of the fastest loan approval times and most flexible underwriting for Pennsylvania rental loans. While every rental property loan is tailored specifically to your project, ABL and our lending partner always offer the following:

  • Fast purchase and rehab loan approval- as fast as 24 hours with funding in 10 days or less
  • Competitive rental loan rates- between 5 and 8%
  • Flexible loan programs for rate, LTV, income verification
  • Flexible underwriting
  • Fast draw turnaround

When it comes to rental loan options, Asset Based Lending is your top choice for Pennsylvania. If you’re ready to be approved for your next rental loan, contact us now.

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