Hard money lending is increasingly popular, especially for real estate investors, as traditional banking institutions clamp down on financing and become more stringent due to regulatory winds shifting and higher interest rates. Don’t fall for the first hard money...
For any value-add fix-and-flip or new build construction project, you’ll live and die by your draw schedule. Managing and monitoring cash flow is as important as the actual construction, and a well-managed and maintained (and realistic) draw schedule goes a long way...
One of the most important parts of investing in real estate is being quickly reimbursed by your hard money lender. Experiencing any financial delays can cost you money by pushing your project timeline back and keeping you in your hard money loan longer than expected....
One of the first steps needed to start investing in real estate is acquiring a proof of funds letter. By contacting a hard money lender and receiving a proof of funds letter, you can show property sellers that you have real capital backing up your bid on their...
If you’ve spoken to your lender recently, then you’ve already had “the talk”. Interest rates are rising across the entire real estate market, both residential and commercial, and it’s impacting the loans that real estate investors rely on. Financing loans for rental...
Asset Based Lending has expanded its long term rental loan program to include multifamily properties up to nine units and mixed-use properties that are minimum 70% residential. This program growth is fueled by the success of the term loans that ABL introduced at the...