Fix and Flip/Construction Hard Money Loans
We’ve funded 2,000+ fix and flip loans.
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Hard Money Fix and Flip Loans
If you're interested in securing funding for flipping houses, Asset Based fix and flip loan program sounds like it could be a valuable resource. With expedited underwriting and a professional processing team, they offer quick access to financing, which is crucial in the fix and flip business.
Our hard money rehab loans provide the necessary funds to purchase and renovate properties, with flexibility and speed in mind.
Here's a breakdown of some key features of our Asset Based fix and flip loan program:
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Experience: Any level of experience is accepted.
Credit Score Minimum: 660
Interest Rate: 9.99%-15%
Points: 0-2%
Advance Rate on Purchase: Up to 85%
Advance Rate on Rehab: 100%
After Repair Value (ARV): Up to 70%
Property Types: Single Family, Multi Family, Mixed Use
Pre-Pay Penalty: No
Extensions: Available
Blanket Loans: Yes
Loan Size: $75K - $3.5M
Loan Terms: 12 Months
To get started, you can pre-qualify with them today to explore your options further. This hassle-free process could be the solution you need to jumpstart your fix and flip projects.
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Hard Money New Construction
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Asset Based hard money loans for new construction seem like a great option for experienced investors and contractors seeking quick access to leverage and underwriting flexibility not typically available through conventional financing.
Here are some key details about Asset Based Loan's new construction loan program:
Experience: High level of experience is preferred.
Credit Score Minimum: 660
Interest Rate: 9.99%-15%
Points: 0-2%
Advance Rate on Purchase: Up to 70% of Land Value
Advance Rate on Construction: 100%
After Repair Value (ARV): Up to 67.5%
Property Types: Single Family, Multi Family, Mixed Use
Pre-Pay Penalty: No
Extensions: Available
Blanket Loans: Yes
Loan Size: $100K to $3.5M
Loan Terms: 12 Months
One notable feature is that for construction escrows over $100k, the borrower only pays interest on funds as they're drawn, which can help manage costs more efficiently.
If you're an experienced investor or contractor looking to embark on new construction projects, pre-qualifying with Asset Based Loan's could be the first step towards securing the financing you need.