Fix And Flip Financing Done Right
Investors who can spot a distressed property and transform it into a gorgeous, sale-ready home are able to take advantage of the current hot seller’s market. The main issue preventing most investors from their next project is lack of capital. Asset Based Lending’s fix and flip loans are industry-leading, offering fast closing speeds and flexible underwriting on 12-month, interest-only hard money loans for fix and flip real estate investments.
We can close deals as quickly as three days if all the paperwork is ready, and our average closing time is just 10 days. These hard money fix and flip loans cover up to 85% of the purchase price and 100% of the rehab costs. For more information, such as rates and requirements, check out our additional details on Virginia fix and flip loans.
Loans For New Construction
Flexible underwriting and fast closing speed are essential components of profitability in a competitive real estate market, especially for new construction projects. ABL offers hard money loans for new construction with the same quickness and reliability as our fix and flip loans. These new construction loans are only available for experienced investors, contractors and builders, who typically can borrow up to 70% of the land value and 100% of the construction costs.
ABL understands the construction market within our lending areas, so we offer the hard money loans that builders require. Quick approvals and closings, an in-house draw management team that reimburses construction funds as quickly as possible, and a flexible staff that works with you to ensure your project goes off without a hitch. Since we’re direct lenders lending our own money, you can rest assured we’re invested in making sure we make good loans to smart investors on projects that will be profitable for everyone.
Asset Based Lending offers term rental loans for buy and hold investors in Virginia. These private rental loans are for 1-4 family properties and are designed with buy and hold investors in mind. We offer rates starting as low as 3.75% with leverage up to 80% LTV. Our unique capital structure allows us to provide single rental loans up to $3M and rental portfolio loans up to $6.25M.
ABL offers a variety of loan options to match borrower needs including 30-year amortization, ARM, and interest-only options. We work with investors of all experience levels, whether you’re expanding your current rental portfolio or want to secure your first rental property. Our team are experts in the local real estate markets of Virginia and are focused on delivering a five-star experience for our borrowers. If you’re ready to grow your real estate business with out VA rental loans, then contact us today.