Hard Money Lenders In Springfield, MA

If you’re looking for short-term bridge funding for your next investment project in the Springfield, Massachusetts area then Asset Based Lending is your best choice. Our 12-month, interest-only hard money loan programs in Springfield are designed to meet real estate investor’s needs — including Fix & Flip, New Construction and Rental Loans.

Asset Based Lending offers a variety of loan options tailored to borrower needs, including zero-point loans with no exit fees or pre-payment penalties. We lend to qualified applicants with varying levels of experience, from professionals with dozens of completed projects to new investors trying their first fix and flip. Our efficient loan process is tailored for non-owner-occupied properties that our clients intend to build or rehab.

Our dedicated loan officer for Massachusetts, Michael Chadwick, understands the dynamics of buying real estate in Springfield and can help you get the best deal for your project. Our hard money lenders in Springfield, MA work with the best local appraisers, attorneys, and title agents to deliver a five-star experience for our borrowers.

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Springfield Hard Money Loans

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Fix & Flip Loans in Springfield
New Construction Loans in Springfield
Rental Loans in Springfield

Fix & Flip Loans in Springfield

There is always a market in Springfield for an experienced professional who knows just how to flip a house. The skill it takes to identify a property with great potential and a reasonable price can determine who can turn an ideal profit from fix and flips. At Asset Based Lending, we specialize in 12-month fix and flip lending. While we typically accept applications from investors with at least a few successful projects completed, we will also consider new investors.

For a fix and flip project to start without a hitch, investors need efficient financing. Massachusetts hard money lenders ​for flipping houses are often far preferable to traditional mortgages by virtue of the speed to closing. Traditional loans can take months. At Asset Based Lending, we average loan closing in 10 days from start to finish, and as little as three days for clients with all the paperwork ready at the beginning. In exchange, investors can finance up to 85% of the property purchase and 100% of the renovation expenses.

New Construction Loans in Springfield

New construction is high in demand, with housing needs far outpacing production in Springfield. Hard money loans make the ideal funding for these projects, with fast and flexible underwriting and funds just in time to meet each stage of the building process. Our new construction loans target experienced builders, contractors and investors. We provide up to 70% financing on the land and as much as 100% of development costs.

Our convenient and customizable underwriting requirements allow us to lend to qualified candidates, who often find that traditional financing is not viable. We focus on the experience of the borrower and the details of the project. Our knowledge of new construction allows us to quickly evaluate a project on its merits.

Rental Loans in Springfield

Asset Based Lending offers fast and efficient financing for buy and hold investors. Our rental loans are designed for 1-4 family rental properties with single rental loan caps of $3M and rental portfolio loan caps of $3M. With rates starting as low as 6% and leverage as high as 80% LTV, these hard money rental loans are the most borrower-friendly on the market.

ABL offers a variety of loan options for rental property, including 30-year amortizing, ARM, or interest-only options. There is no experience requirement for these loans, as we assess the deal based on the income-producing viability of the property. Many BRRRR investors use this financing for their investment strategy of buy, rehab, rent, refinance, and repeat.

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Our Promise to You

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Fast Processing

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Zero Points Required

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Local Expert Support

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Proven Reliability

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

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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 experise 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.