Indiana Fix and Flip Loans
The Most Reliable Fix And Flip Loans In Indiana
Asset Based Lending offers the best fix and flip loans Indiana has to offer, focusing on quick closings and flexible underwriting to reach a wide number of investors. These 12-month interest-only bridge loans are designed for real estate investors to purchase and rehab the property before flipping it for a profit and moving to their next project. Whether you’re a first-time investor looking for your first flip loan or you’re a seasoned professional looking for additional capital, ABL is ready to finance your next success.
These hard money fix and flip loans are for real estate investors that need:
- Quick closing – loan approval in 24 hours and closing in just 10 days
- No prepayment penalties – encouraged to flip your property ASAP
- Flexible underwriting – multiple pricing and leverage options
- Full service – ABL is a one-stop shop for financing real estate investments
|Experience||Credit Score Minimum||Interest Rate||Points||Advance Rate On Purchase||Advance Rate On Rehab||ARV||Property Types||Pre-Pay Penalty||Extensions||Blanket Loans||Loan Size||Loan Terms|
|Any||660||10%-12%||0-2%||Up to 80%||100%||Up to 70%||Single Family, Multi Family, Mixed Use||No||Available||Yes||$75K - $2.5M||12 Months|
ABL funds fix and flip investments at interest rates starting at 10% with a little as 0–2% points, and repeat borrowers receive preferred pricing. Loan amounts range from $75K – $2.5M.
Same Day Pre-Approval. Up To 95% LTC.
Indiana Fix And Flips Delivering Strong ROI
Indiana is one of the many states seeing large growth in its local real estate markets thanks to demand outpacing the supply of desirable homes. As of 2020 the average revenue for Indiana fix and flips reached $63,279, which on average represents a 63% ROI. The Hoosier State has also seen strong population growth over the last ten years, boasting an increase of more than 4% since 2010. This population increase helps drive up the demand for homes, which real estate investors love to see. As of May 2022, the average home sale price reached $255,000 for the state which marks a 12% increase year over year and a five-year-high.
Its also important to note that the number of homes for sale throughout Indiana is down nearly 17% from the previous year, highlighting how the lack of inventory is helping to drive up average home prices. This means the Indiana markets are competitive for fix and flip investors, but the profits are there for savvy investors who can secure deals quickly. Currently, the best cities for Indiana fix and flip investors are Indianapolis, Fort Wayne, South Bend, Carmel, and Gary. Asset Based Lending provides hard money fix and flip loans in each of those cities and beyond, so Indiana investors can take advantage of the market conditions using our fix and flip financing.
How To Finance a Fix and Flip Investment in Indiana
Real estate investors are always looking for different financing partners so they can have options that fit their business strategy. Its common for new fix and flip investors to start by seeking bank assistance on their deals, but they quickly find out that banks have a rigorous loan process that takes multiple weeks and requires lots of documentation. Plus, many banks won’t finance gut renovations or home additions or other common investor strategies because the work is deemed too risky. Another option that fix and flip investors look for are private money lenders. This can range from a private citizen willing to lend money in exchange for a set payback price or percentage, or a small local lender that does a few loans a year. The problem with private money loans is that they aren’t backed with the same security as a financial institution, making them riskier for a borrower.
That’s why real estate investors love to work with hard money lenders. Hard money loans combine the flexibility and speed of private money loans with the security and reliability of banks. These types of loans benefit fix and flip investors more than most due to the nature of the busines. Being able to quickly jump on a property and With quick closings, flexible underwriting, and reliable draw schedules, ABL provides the best hard money loans IN has to offer.
Why Investors Choose ABL Fix And Flip Loans
With so many financing options available to real estate investors, Asset Based Lending is proud to be the premier option for Indiana fix and flip loans. Our team focuses on speed and flexibility, with loan approval within 24 hours and provide initial funding in 10 days or less. Our flip loans range from $75K – $2.5M and come with a quick draw turnaround so you never experience a financial delay. As direct lenders, we’re able to offer a variety of loan options that match your business model, whether you’re looking for zero points, lower interest rates, maximum leverage, or something else.
With the growing rate of IN fix and flips, the state now has access to the most secure and reliable hard money fix and flip loans on the market. Asset Based Lending insists on a transparent lending process with no prepayment penalties or hidden fees, so you keep more of your money. Our hundreds of five-star reviews and over $1 Billion of funded projects shows why Indiana investors trust Asset Based Lending with their fix and flip loans. Contact us today to be approved for your IN fix and flip loan.