New Hampshire Fix & Flips
Compared to other popular states for fix and flips, New Hampshire has leapt ahead with the average revenue per flip. As of August 2020, the average revenue per flip in New Hampshire reached $97,900. Meanwhile, the average revenue per flip in the rest of the country is $61,000! This number disparity occurred for a few reasons: the pandemic causing many wealthy professionals to find permanent residence outside New York City, of which New Hampshire was a top destination. The state’s real estate market has also been steadily growing since 2012 with more available space and coastal town options enticing homeowners from around the northeast.
Right now, the state is experiencing the same issue as the rest of the country with its inventory shortage. This makes it more difficult for fix and flip investors to find a profitable property, but the deals are still available for those willing to put in the extra work or grow their network to help them find these opportunities. ABL approves loans as fast as 24 hours to ensure our borrowers never miss an investment. If you’re ready to be approved for a fix and flip loan in New Hampshire, then contact us today.
Using Hard Money For Fix & Flips
Many investors are looking for security and reliability when they borrow capital for their real estate investments. Naturally, the first choice is to borrow from a bank, but banks don’t like to involve themselves in risky ventures such as fix and flips. They will deny the loan or charge such a premium interest rate that it cuts into the profits of the investor, in addition to taking several months to close. Other borrowers look to private money lenders for relaxed options and faster funding, but there’s a lack of guarantee with private money lenders that makes their loans a risky proposition for investors.
Hard money lenders combine the best of both worlds, bringing together the speed and flexibility of private money with the safety and security of a bank. Hard money loans are designed for real estate investors in mind, providing access to capital that requires less paperwork and document verification. These loans have professional draw schedules laid out and borrowers have direct access to the decision makers so there is always someone available to discuss your loan situation. If you’re ready to use our hard money fix and flip loans for your next investment, then contact us today.
Why Investors Choose Asset Based Lending
Asset Based Lending is the premier choice for fix and flip loans in New Hampshire. With over a decade of success, ABL has hundreds of verified five-star reviews and has funded over $650 million in total loans throughout the years. More than half of our borrowers return for repeat business, finding that the ABL experience is simple, thoughtful, and helps them succeed in their real estate investments.
When you choose Asset Based Lending, you choose reliability, speed, and excellent service. Our team are experts in the local real estate markets and work tirelessly to ensure our borrows are receiving the best possible deals. If you’re ready to be approved for fix and flip loans in New Hampshire, then contact us today.
Closing Speed
Underwriting Flexibility
Competitive Rates
