Fast Financing for Fix and Flips
Asset Based Lending is proud to work with real estate investors that know how to transform a distressed or mundane property into a beautiful home and sell it for a higher value. We understand that most people don’t have the capital to fund these major investments, so we offer our hard money fix and flip loans to both new and experienced real estate investors. These 12-month interest-only bridge loans allow investors to acquire property and begin renovations using the most competitive rates on the market. Whether you’re flipping single family homes or multi family homes, our hard money flip loans can be underwritten to match any investment project.
Our team are experts in real estate investments and work tirelessly to ensure you never miss out on a deal. ABL offers loan approval as fast as 24 hours and closes deals in just a few days with the appropriate paperwork. ABL flip loans provide funding up to 85% of property purchase price and 100% of the rehab costs. Click here to learn more about our North Carolina fix and flip loans.
Flexible New Construction Loans
North Carolina is experiencing record-low house inventory, which means demand for residential new construction is reaching an all-time high. ABL provides hard money loans for new construction to real estate investors that require competitive interest rates, flexible underwriting, and fast draw turnarounds. Our 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 investor’s experience level and viability of the property to ensure the deal is profitable for all parties. Click here to learn more details about our NC new construction loans.
Rental Loans For BRRRR Investors
Asset Based Lending offers the most reliable and straightforward rental loans North Carolina has to offer. These private rental loans are meant for buy and hold investors that want to secure or refinance 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 North Carolina rental loans, contact us today.