Quick Close Fix & Flip Loans In Michigan

Asset Based Lending provides the fastest and most reliable fix and flip loans for Michigan real estate investors. We specialize in closing deals quickly and funding even quicker, with loan approval in 24 hours and loan closing in 10 days or less. ABL provides 12-month bridge loans for fix and flips so real estate investors can use reliable capital to fund their success. Our flexible underwriting ensures that you receive the best fix and flip loan for your project, whether its maximum leverage, lower interest rates, zero points, or something else.

We work with investors of all experience levels, whether its your first fix and flip or you’re a seasoned professional. Our loans come with no pre-payment penalty, so you’re never punished for a successful flip. As investors ourselves, we pride ourselves on being a hard money lender that works as a financing partner for real estate investors to help them scale their business. If you’re ready to be approved for the most reliable hard money fix and flip loans Michigan has, then contact us today.

  • Local Michigan team
  • Home of the Zero-Point Loan
  • Close in 2 weeks or less
  • Fix & Flip or Fix & Hold
  • UP to 90% LTC
  • 100% renovation financing
  • Rates as low as 8.99%
  • Direct balance sheet lender

Close in 10 Days or Less
Rates Start as Low as 8.99%

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Michigan Fix & Flips Yielding High ROI
How To Finance a Fix & Flip in Michigan
Investors Trust ABL Fix And Flip Loans

Michigan Fix & Flips Yielding High ROI

Record-low inventory mixed with record-high demand has caused Michigan real estate prices to shoot through the roof. As of April 2022, Redfin reports that the average sale price for homes in the state is $328,000, marking a nearly 20% increase from the previous year and setting a 5-year-high record. The number of homes sold in April 2022 for the entire state reached 8,542, which is a 18% increase from the previous year and another 5-year-high for the area. One of the most impressive stats is that more than 50% of these home sales received multiple offers above their asking price, placing the seller in an excellent position for negotiations.

Record-low inventory means finding a profitable deal is tougher than before, but it also means the profits are much more lucrative when you find the right deal. If this growth continues throughout 2022 then fix and flip investments in the state are going to continue yielding very impressive ROI. Currently, the most competitive Michigan cities for real estate are Davidson, Oxford, Pittsboro, Albemarle, and Flat Rock. Asset Based Lending offers hard money fix and flip loans in each of those cities and beyond, allowing real estate investors to take advantage of this state’s hot markets to expand their real estate business.

How To Finance a Fix & Flip in Michigan

One of the most common investor questions we receive is asking how to finance a fix and flip. Since these investment projects require upwards of hundreds of thousands of dollars, most investors need extra capital to fund the initial property purchase and keep their renovation moving forward. While traditional mortgages may help with purchasing a primary residence, financial institutions don’t like to lend on fix and flips due to the inherent risk involved. Plus, traditional mortgages come with strict qualifications that disqualifies many potential investors. One bad hit to your credit or inexperience in fix and flips are enough to be turned down by standard fix and flip lenders in Michigan.

Hard money loans are much more accessible and useful for real estate investors. Hard money lenders like ABL work with first-time investors and only use credit as part of the approval process, with the borrower’s cash reserves and experience level playing into the qualifications as well. These hard money flip loans also close quickly compared to other financial institutions, cutting the deal closing time down from a few months to a few days. The best hard money lenders combine flexible loan terms with quick closings to provide reliable financing to real estate investors. If you’re looking to invest in fix and flips in Michigan, choosing a hard money fix and flip loan is the right move, and no one does it better than Asset Based Lending. With quick closings, flexible underwriting, and reliable draw schedules, ABL provides the best hard money loans MI has to offer.

Investors Trust ABL Fix And Flip Loans

Successful real estate investors understand that time is of the essence, and Asset Based Lending works tirelessly to provide the fastest funding possible. With the ability to approve loans within 24 hours and provide initial funding in 10 days or less, we make sure you never miss out on your next fix and flip opportunity. Our loans featured flexible underwriting with loan sizes ranging from $75K – $10M and quick draw turnaround so you never experience a financial delay.

With the growing rate of fix and flips MI has seen, this state now has access to the most secure and reliable hard money fix and flip loans on the market. Asset Based Lending insists on a transparent lending process with no pre-payment penalties. Contact us today to experience the five-star service ABL provides with MI hard money flip loans.

Explore How We Work in Michigan

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 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.