Quick-Close, Reliable Hard Money Now Starts As Low As 9%.

Asset Based Lending has announced a significant reduction in annual interest rates for real estate investors.  The new loan programs, effective immediately, allow qualified real estate investors to borrow short-term hard money loans with annual interest rates as low as 9% and with only 2-3 points.
As one of the region’s premier hard money lenders, this rate drop announcement further solidifies our mission to be the preferred lending partner to real estate investors up and down the East Coast.
[su_quote cite=”Kevin Rodman, Partner”]“We’ve always valued loan quality above all else, placing a higher importance on the profitability of the deal and the experience of the borrower than any other underwriting factor. This new rate structure allows us to continue making sound loans to great borrowers by providing the top-shelf service they need with the competitive rates the market demands. ABL remains committed to our quick response and excellent service.” [/su_quote]
[su_table]

Experience  Credit Score Minimum Interest Rate Points Advance Rate On Purchase Advance Rate On Rehab ARV Property Types Pre-Pay Penalty Loan Size Loan Terms
Any None 9%-12% 2-3 Up to 90% 100% 60%-65% Single Family, Multi Family, Mixed Use No $75K – $2mm 12 Mo.

[/su_table]
The new rate matrix adjusts the annual interest rate range for all borrowers from 12%-14% to 9%-12%, and the range of origination points from 2-4 to 2-3.
In addition, Asset Based Lending has increased its maximum Loan-To-Cost for qualified fix and flip investors from 80% of the property purchase price and 100% of the renovation costs to 90% of the purchase price and 100% of the renovation costs. For new construction projects, Asset Based Lending has increased its maximum advance rate on land purchase to 60% of the land purchase cost and 100% of the construction.

Do you qualify?

Have a project in mind that you need help funding? We would love to speak with you.
Pre-Qualify Today

Back to blogs
Share:

Real Reviews from Real Borrowers

 

Great experience! They always answered or returned my calls immediately and walked me through the entire process and made sure all my questions were answered. I had a couple of questions weeks after my loan closed and they still responded immediately and made sure I was taken care of. Great experience and I would highly recommend ABL.

Cindy G.

I am glad I got to know Asset Based Lending, they made funding for my construction site very simple. They have a great team of people, that would go out of their way to help. Boris has been great and very helpful, I highly recommend them for all your Construction financing needs.

Mike A.

I have had the pleasure of working with Boris Akbashev for my real estate financing needs on my last 10-15 projects, and I cannot speak highly enough of his professionalism and expertise. Boris demonstrated a deep understanding of the lending process and went above and beyond to ensure I secured the best possible terms.

John S.

Truly a pleasure having ABL on every deal! Thanks to their lending expertise and timely support and guidance throughout the process to get the best loan for my deals. I can see my company growth from 1-2 flips to numerous flips, new construction, and DSCR loan to grow my portfolio.

Pedro E.

Asset Based Lending is the place to shop for all your construction needs. Their easy funding policy, makes life so much simpler for any builder to focus on building and not be worried about financing project. Boris was supper helpful to accommodate me with all me financing needs.

Ray P.