Fast Financing for Fix and Flips
Asset Based Lending partners with real estate investors that know how to find an investment opportunity and turn it into a successful fix and flip project. With the real estate market booming and price of construction materials through the roof, it takes more capital than ever to secure a profitable real estate deal. That’s why ABL offers fast fix and flip loans for real estate investors. These hard money loans are 12-month interest-only bridge loans that allow investors to purchase and renovate a property using the most reliable flip loans on the market. Whether you’re flipping single-family or multi-family properties, our hard money flip loans are tailored to match your specific project and keep you funded from start to finish.
The ABL team are experts in the real estate markets of South Carolina, following the local market trends to ensure our borrowers are receiving the best possible fix and flip loans. We offer loan approval as fast as 24 hours and can close deals in just two 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 South Carolina fix and flip loans.
Reliable New Construction Loans
South Carolina is experiencing record-low housing 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 and allows them to 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 SC new construction loans.
Rental Loans For BRRRR Investors
Asset Based Lending offers the most reliable and straightforward rental loans South Carolina has to offer. These private rental loans are meant for buy and hold investors that want to secure 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 South Carolina rental loans, contact us today.