201-942-9089 info@abl1.net

Charlotte Hard Money Loans

The Most Reliable Hard Money Lender in Charlotte

Asset Based Lending offers hard money loans for real estate investors in Charlotte and the rest of North Carolina. We offer loans for a variety of investment opportunities including fix and flips and new construction, as well as cash out refinancing and loans for rental property. Our team specializes in fast and reliable financing, approving loans in 24 hours and closing deals in 10 days or less. ABL services these loans fully in-house, tailoring loans to match your specific project and ensure you receive the best possible loan. Whether you’re looking for maximum leverage, lower interest rates, zero points, or something else, we’ll work with you to determine the best loan for your investment strategy.

ABL is a local hard money lender that works closely with Charlotte real estate investors, financing their investments with fast and reliable capital to help scale their real estate business. We work with investors of all experience levels, whether its your first fix and flip or expanding your current rental portfolio. With over $1 Billion funded across thousands of hard money loans, our team are experts in delivering a five-star loan process from start to finish. If you’re looking for hard money loans in Mecklenburg County, then contact us today.

Recently Funded: Wilmington, NC Fix And Flip

Wilmington NC fix and flip
Purchase: $136,712 Loan Amount: $198,326
Renovation: $83,650 ARV: $282,000

Offering The Most Reliable Charlotte Hard Money Loans

Charlotte Fix and Flips On The Rise

With states like North Carolina experiencing a surge in population over the last couple years, the real estate markets in popular cities like Charlotte have started to boom. As of August 2021, the average home sale price for the city reached $345,000 which marks a 21% increase year over year. Homes are spending an average of only 28 days on the market with particularly desirable homes selling in four days at 7% above asking price. These stats highlight the constant activity occurring inside the Charlotte seller’s market, which is good news for fix and flip investors. However, the higher price point and low inventory means securing a property to flip is harder than ever, so investors need fast and reliable capital to stay competitive in the market.

Asset Based Lending provides hard money loans for fix and flips in Charlotte and beyond, working with local investors to scale their real estate business. As investors ourselves, we know that using outside financing is the key to acquiring property and funding the renovation needed to successfully flip the house. We designed our 12-month bridge loans to help investors by financing up to 85% of purchase price and 100% of renovation costs. With our proof of funds letter in hand and the financial backing of the premier hard money lender in North Carolina, you’ll be ready for your next successful flip with our Charlotte fix and flip loans.

Charlotte New Construction Filling Inventory Gaps

The North Carolina real estate markets are experiencing the same highs and lows as other popular markets throughout the country- high demand and low available inventory. issue as other popular markets- low inventory. As of August 2021, homes are selling for $187 per square foot which marks a 23% increase from the previous year. Builders and developers have a competitive advantage over fix and flip investors by being able to meet buyer demand. For example, homes that feature a home office or working fireplace are seeing more views on their listings and are frequently receiving offers above asking price compared to homes that lack these amenities. Being able to follow local trends and build to meet the marketplace is a great way to ensure your residential new construction project is a financial success.

Builders and investors that can source their materials directly are in good positions to use our hard money new construction loans to start and finish their project, selling it in this hot seller’s market. We work with experienced developers to finance 100% of their construction costs and up to 70% of the land value, offering competitive interest rates and flexible underwriting to match your specific project. Our new construction loans offer investors a fast and reliable way to finance their project and scale their real estate business. If you’re an experienced builder that wants to be approved for Charlotte new construction loans, then contact us today.

Investing in Charlotte Rental Property

With housing inventory being at an all time low, the rental markets in popular cities like Charlotte have seen large gains into the average ROI for investors. As of August 2021, the average monthly rent price in Charlotte is $1,570 which marks a 12% increase year over year and is slightly higher than the national average. Currently 47% of the city’s population rents instead of owns and the rental vacancy rate hovers around 7%,  making it an easy place to find tenants and ensure your asset continues to generate monthly income. Investors looking to begin or grow their rental portfolio in North Carolina should consider Charlotte as their next investment opportunity.

These stats look great for one of the most popular investment strategies for real estate investors: the BRRRR method. The acronym stands for buy, rehab, rent, refinance, and repeat. It’s a process that’s as simple as it sounds: the investor purchases a property and renovates it to increase its market value and charge a higher monthly rent. After a tenant is found and the asset begins producing passive income, the investor refinances the loan and uses the newly acquired capital to purchase their next rental property to repeat the process. Over time, the investor grows their rental portfolio and eventually has multiple sources of passive monthly income, setting themselves up for long-term wealth. If you’re an investor that wants to utilize the BRRRR strategy using our Charlotte rental loans, then contact us today.