Indiana New Construction Loans
Indiana New Construction Loans
Asset Based Lending provides experienced real estate investors with competitive financing on new construction projects. Builders and developers can use these 12-month interest-only bridge loans to cover up to 70% of land purchase and 100% of the construction costs. We can provide longer loan terms for more advanced projects and offer extensions when required, making them a favorite for investors looking to complete several builds at once or are looking to build larger multifamily property. Our flexible loan structure and fast closings are what Indiana new construction investors are looking for in their project financing.
Our team are experts in the local Indiana real estate markets, understanding that financing a four-unit multifamily in Indianapolis requires different terms and servicing than funding a single-family build in Evansville. ABL specializes in fast closings, with loan approval as quickly as 24 hours and loan closing in just 10 days on average. Rates for our new construction loans start as low as 9.99% and we provide loan amount ranging from $100K to $3.5M. With half of our borrowers being repeat borrowers and hundreds of verified 5-star reviews, it’s clear that ABL provides the best hard money loans for new construction.
New Construction Loans in Indiana
| Experience | Credit Score Minimum | Interest Rate | Points | Advance Rate On Purchase | Advance Rate On Construction | ARV | Property Types | Pre-Pay Penalty | Extensions | Blanket Loans | Loan Size | Loan Terms |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | 660 | 9.99%-15% | 0-2% | Up to 70% Land Value | 100% | Up to 67.5% | Single Family, Multi Family, Mixed Use | No | Available | Yes | $100K to $3.5M | 12 Months |
Closing Speed
Underwriting Flexibility
Competitive Rates
Same Day Pre-Approval. Rates Starting At 9.99%.
Indiana In Need Of New Construction Projects
Indiana is one of many states experiencing a housing supply shortage, which means investors interested in new construction projects have a lucrative road ahead of them. According to Realtor.com, home sales in the metro areas are expected to increase by 15% while prices are projected to grow by nearly 6%, making it an excellent short-term investment opportunity. The Hoosier State is a prime opportunity for real estate investors that are looking to finance the construction of single family homes, condos, townhomes, or other types of residential properties.
Asset Based Lending provides hard money new construction loans to experienced builders and developers looking to finance their investment opportunities. These 12-month bridge loans are designed to close quickly and reliably, allowing our borrowers to make competitive bids and never miss out on a deal due to speed. As direct hard money lenders with full control of our capital, we provide flexible financing that matches your business model, whether you need lower interest rate, higher leverage, zero points, or something else. Contact us today get started with the best Indiana new construction loans on the market.
Financing Your Indiana New Construction Project
When it comes to financing new construction investments in Indiana, there aren’t too many options that are fast and reliable. Some investors would think to request financing from a bank or other large financial institution, but new construction investments are inherently risky so many banks will require intensive documentation and take several months to confirm a potential loan. These long time frames with many hoops to jump through make them inhibitive to fast-moving investors that are looking to scale their real estate business and chain together multiple successful deals throughout a year. Other investors may choose to work with a private money lender, but the lack of guarantee and loose guidelines make them risky for borrowers that are looking for reliable financing from start to finish. The most reliable new construction loans for real estate investors come from hard money lenders. This is because hard money loans combine the best parts of a financial institution with the best parts of a private money lender.
As direct lenders with full control of our capital, Asset Based Lending is a private money lender that offers flexible underwriting to provide loans that match specific Indiana construction projects. We’re also a trustworthy company that guarantee funding for the loans we close, with a fully in-house draw team that ensures you’re reimbursed for completed work in a timely manner. By choosing a direct hard money lender like ABL, you’re setting yourself up for success with financing your new construction investment. With quick closings, flexible underwriting, and reliable draw schedules, ABL provides the best hard money loans IN has to offer.
Investors Trust ABL New Construction Loans
When it comes to fast and reliable funding, Indiana real estate investors know to trust Asset Based Lending. Our track record speaks for itself, with more than half of our borrowers returning for repeat business and over $1 Billion in loan origination since our company’s inception. We have fully in-house teams for the entire loan process, providing you a five-star service from start to finish. ABL approves loans as fast as 24 hours and closes loans a quickly as two days with the appropriate paperwork. This doc-light approach to new construction financing lets real estate investors scale their business faster than ever and with zero headaches.
With the Indiana real estate markets continuing to thrive and low housing inventory plaguing the most popular metro markets, now is the perfect time for builders and developers to take advantage of outside financing. By using hard money capital to fund their projects, they can move quickly and use the current market conditions in their favor. Asset Based Lending insists on a transparent lending process for our Indiana residential construction loans with no prepayment penalties or hidden fees, so you keep more of your money. Contact us today to be approved for your IN new construction loan.
