Fix And Flip Financing Done Fast
Asset Based Lending loves working with real estate investors that know how to transform a mundane property into a beautiful space and sell it for a higher value. We also understand not everyone has the capital available to fund these projects, so we offer our hard money fix and flip loans for new and experienced investors alike. These 12-month interest-only bridge loans allow investors to acquire property and begin renovations with the most competitive rates on the market.
Our team understands real estate investments and works diligently to ensure you never miss out on a deal. ABL offers loan approval as quickly as 24 hours, and can close deals in just a few days with the appropriate paperwork. We offer funding that covers up to 85% of purchase price and 100% of the rehab costs. Click here to learn more about our Maryland fix and flip loans.
New Construction Loans
The low housing inventory occurring throughout the country, including Rhode Island, has brought the demand for new residential construction to an all-time high. ABL provides hard money loans for new construction to real estate investors that require flexible underwriting and fast draw turnarounds. New construction loans are only available to experienced investors, contractors, and builders who can borrow up to 70% of the land value and 100% of the construction costs.
Our team tailors these new construction loans to fit each individual project. ABL assesses the investors experience level and viability of the property to ensure the deal is profitable for all parties. Click here to learn more details about our RI new construction loans.
Rental Loans
Asset Based Lending offers the most reliable and straightforward rental loans Rhode Island has to offer. These private rental loans are meant for buy and hold investors that want to secure 1-4 family properties. We offer competitive terms with rates starting as low as 3.75% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options.
ABL’s unique capital structure allows us to provide single rental loans up to $3M and rental portfolio loans up to $6.25M. We offer these loans to investors of all experience levels, assessing each deal based on the income-producing viability of the property. Our team are experts in the local real estate markets and are focused on delivering a five-star experience to each of our borrowers. If you’re ready to grow your real estate business with our Rhode Island rental loans, contact us today.
