Washington DC Fix And Flip Loans
Bringing Reliable Hard Money Fix & Flip Loans To Washington D.C.
Due to borrower demand, Asset Based Lending has expanded our fast and reliable fix and flip loans to the Washington D.C. metro area. With over a decade of funding real estate investments, our team specializes in approving deals as fast as 24 hours and providing initial funding in 10 days or less. We offer flexible underwriting that allows us to tailor loans that match your specific project and quick draw turnaround, so you never experience financial delays. Whether you’re an experienced real estate investor or new to fix and flips, ABL offers competitive rates with the highest quality service throughout your entire loan process.
We refuse to charge an early payment penalty, so you’re never punished for a successful fix and flip in D.C. If you’re ready to be approved for the most reliable hard money loans in Washington D.C., contact us today.
| Experience | Credit Score Minimum | Interest Rate | Points | Advance Rate On Purchase | Advance Rate On Rehab | ARV | Property Types | Pre-Pay Penalty | Extensions | Blanket Loans | Loan Size | Loan Terms |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Any | 660 | 9.99%-15% | 0-2% | Up to 85% | 100% | Up to 70% | Single Family, Multi Family, Mixed Use | No | Available | Yes | $75K - $3.5M | 12 Months |
Closing Speed
Underwriting Flexibility
Competitive Rates
Same Day Pre-Approval. Up To 90% Funding.
Washington D.C. Fix And Flips Among Best In The Nation
Business Insider ranked the District as the best economy in the entire nation, so obviously the real estate market is booming. According to ATTOM Data, the city ranked eighth for the most flipped houses during the third quarter of 2019. With an average gross profit of $115,000 and an average of 181 days needed to successfully fix and flip, the D.C. metro area allows serious investors the ability to chain together profitable flips. Low housing inventory and rising demand has created a seller’s market that benefits an investor looking to fix and flip in the D.C. area.
Redfin reports that the average Washington D.C. home sale price is up nearly 14% from 2019 and is continuing to trend upward. With this area being such a competitive real estate market, you need a lender that is able to close deals fast and provide funding right when you need it. Asset Based Lending offers loan approval as fast as 24 hours so you never miss a deal, and flexible underwriting that lets us tailor a loan to your specific needs. Contact us today to be approved for your Washington DC fix and flip loan.
Using Hard Money Loans For Real Estate Investments
Most investors need extra capital upfront to purchase the real estate property that they intend to rehab and sell for a profit. By taking out a hard money loan to fund the investment, you can begin to work on the project ASAP without worrying about financial delays. Hard money lenders, sometimes known as private money lenders, work similarly to banks in terms of financial security and practices but offer much more flexibility in their loan criteria and underwriting to help a wider variety of borrowers.
The speed of hard money loans can’t be beat, with banks taking weeks or months and requiring endless documentation to move forward. Meanwhile, those precious few days could mean the difference between securing your next investment or having it slip through your fingers! A trusted hard money lender will provide you with investment financing quickly so you can acquire your property and start the rehab process. If they’re a five-star DC hard money lender, like ABL is, they also won’t charge you any prepayment penalty, so you aren’t punished for a successful fix and flip!
Choosing Asset Based Lending For Your Fix and Flip Loans in Washington D.C.
Asset Based Lending is excited to help real estate investors in DC meet their investment goals. As the premier hard money lender in the area, ABL’s fix and flip loans in Washington D.C. combine the security of conventional mortgages with the speed and flexibility of private money loans. We have been providing hard money loans for fix and flips for over a decade, resulting in many repeat borrowers and expanding our lending areas. Our team are specialists in closing deals quickly and funding your renovation draws in three days or less, making sure you never experience a financial delay. With flexible loan sizes ranging from $75K up to $2.5M, no prepayment penalties, and direct access to your lender, we boast the most investor-friendly Washington DC fix and flip loans available.
No matter if you’re an experienced investor or new to fix and flip loans in Washington D.C., our team are ready to tailor a loan to your specific project and make your loan process simple. When it comes to the reliable financing for real estate investments, Asset Based Lending is the number one choice. Contact us today to begin your loan approval.
