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Kentucky Rental Loans

Kentucky Rental Loans For Real Estate Investors

Rent prices are increasing at a rapid pace nationwide, and Kentucky is one of the states experiencing these new market conditions. Asset Based Lending can help real estate investors acquire Kentucky rental property with a variety of rental loan options. These rental loans can benefit BRRRR investors as well as those looking for Airbnb loans, providing flexible financing for a variety of rental properties. ABL approves rental property portfolio loans in Kentucky as fast as 24 hours and closes loans in 30 days on average. After one conversation with a loan officer, we can approve your loan and move forward with your rental loan process in Kentucky. Our team moves quickly to prevent your rates from changing in this rate-rising environment, utilizing a fully in-house team to service your rental loan from start to finish.

With home sale numbers starting to drop but rent prices continuing to rise, many real estate investors are looking to diversify their strategy with rental property. Asset Based Lending makes rental loans easy, providing fast and reliable financing to acquire a single rental property or to expand your rental portfolio.  We provide five-star service to all of our borrowers who trust us with rental property financing in Kentucky. If you’re ready to be approved for the rental loans Kentucky investors trust the most, then contact us today.

KY Rental Loan Highlights

  • No personal income verification
  • Light doc program
  • Portfolio loans available
  • Mixed-use property eligible
  • Available for 1-8 unit properties
  • 30 year, ARM, I/O options
  • Rates as low as 6.875%
  • Up to 80% LTV
  • 660 minimum credit score
  • Close term rental loan in 30 days
  • Rate locks available

Simple And Reliable Rental Property Financing In Kentucky.

The Premier Lender For Rental Loans In Kentucky

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

ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.

Peace of Mind

Our team of specialists will structure and pre-approve your rental property refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.

Competitive Rates & LTVs

With rates between 6.875%–9% and LTVs as high as 80%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.

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

Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team.

Kentucky Rental Property ROI Continues Rising

The population of Kentucky has been growing steadily since 2010 with an extra surge in the last few years, leading to an increase in demand for rental space. As of May 2022, approximately 39% of the state were renting their homes and the vacancy rate was just under 5%, which has been dropping steadily since 2010. Coupled with the increasing rental prices this makes the state an excellent choice for investing in rental property- for example, Louisville has an average rent of $1,230 which is a 6% increase from the previous year and outpacing the national average in terms of year over year growth.

Asset Based Lending is in touch with local real estate markets and trends, which has brought our rental loans and rental refinancing programs to Ohio. We now offer our services throughout the entire state, allowing real estate investors to grow their business quickly and efficiently using our hard money loans for rental property. Whether you want to begin your rental portfolio or expand on your current investments, ABL is here to help. Contact us today to be approved for the most reliable rental investment loans Kentucky has to offer.

How BRRRR Investors Use Kentucky Rental Loans

Some real estate investors are looking for quick profits through fix and flips, but others want to build long-term wealth by buying and holding income-producing assets. By using rental properties to generate passive monthly income or refinancing rental loans to access capital immediately, investors can quickly fund their next project to expand their real estate business faster than before. This kind of long-term investing strategy has become very popular in recent years and is known as the BRRRR method. BRRRR is an acronym that stands for buy, rehab, rent, refinance, repeat. The strategy is simple: investors purchase a property they plan on holding, they renovate it to increase its market value, they rent it out to generate passive income, they refinance the loan to more favorable terms while pulling out equity, and they repeat the process with another rental property. This allows investors to rapidly expand their rental portfolio and set themselves on a path of financial freedom thanks to the consistent monthly income.

Getting a loan for rental property can be difficult, but Asset Based Lending makes the process fast and simple. ABL manages your short-term rental loan from start to finish and use the much of the same documentation to refinance your loan into a longer term lower interest rate product, saving you time and ensuring you the most competitive rates possible. Our team of experts awards experienced investors with reliable capital and professional draw management to keep your project funded from start to finish without delays. With over a decade of successful lending and over 300 five-star reviews, ABL is the premier choice for rental loans in Kentucky. If you’re ready to start utilizing the BRRRR strategy, contact us today to be approved for your hard money rental loan.