Asset Based Lending LLC

DIRECT HARD MONEY LENDER

FIX & FLIP / CASH OUT / NEW CONSTRUCTION

  • Close in 2 weeks or less
  • No minimum credit score
  • Limited income verification
  • Limited asset documentation
  • Loan term: 12 months
  • Interest only
  • No pre-pay penalty
  • Interest Rate: 12% - 14%
  • Points: 3% - 4%
  • Loan size: $75k to $1mm
  • Brokers protected
  • Non-owner occupied only   
  • Single Family, Multi-family, Mixed Use, & New Construction
  • NY, NJ, CT, MA, RI, Eastern PA,MD, DC

Loan to Value

  • Fix/Flip:  80%-85% of total deal cost capped at 60%-65% of ARV
  • Cash-out: 50% of current value
  • New Construction: 50% of land value + 100% of construction cost

 

Asset Based Lending, LLC (ABL) is a private hard money lender founded in 2010. Our mission is to help real estate investors, quickly and efficiently, finance their business activities.  For more information visit our website at www.abl1.net. 

Call us at 201-942-9090 or e-mail at info@abl1.net.

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