Fix and Flip, New Construction, Cash Out/Refinance
Asset Based Lending is a private lender in control of our own funds, which means we can provide fast (approval within 24 hours and closing in 7-10 days) financing for your project.
We provide twelve-month, interest only bridge financing for the following programs: Fix and Flip, New Construction, and Cash Out/Refinance.
ABL – Private Hard Money Lenders In New Jersey
We began our business in New Jersey and our headquarters remain firmly located in Hoboken. Asset Based Lending (ABL) knows the NJ real estate market from Newark to Phillipsburg and from Bergen County to Cape May.
Whether the loan is to completely renovate a multi-family dwelling in the Hudson County urban area or to remodel and refurbish an outdated suburban home in Essex County, we understand what our borrowers need to be successful. There are unique opportunities and challenges in New Jersey and its investors are taking advantage and dealing with them of them every day. We are helping every day.
We pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the NJ real estate industry.
New Jersey's Premier Hard Money Lender Fast Fix And Flip Financing
Having the vision to identify a problem property and transform it into a beautiful, sale-ready home takes an incredible amount of skill. It also takes capital to purchase the property and do the rehab work. Asset Based Lending’s home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been the primary focus for ABL. Not only do we provide 12-month loans to experienced investors and professionals, but we also lend to qualified first-time borrowers as well.
Speed is critical to capitalizing on New Jersey investment opportunities, and ABL provides financing solutions that traditional lending institutions cannot. We can close in three to four days if all of the paperwork is in order, and the average closing time is just 10 days for our loans — which cover up to 90 percent of the purchase price and 100 percent of the rehab costs for a property. For more information such as rates and requirements, check out our additional details on fix and flip loans.
Quick and flexible underwriting for new construction is often an essential component of profitability in various seasonal as well as market conditions. ABL provides new construction loans in New Jersey when conventional financing is not the right answer. New construction loans are available only to experienced investors, contractors and builders, who typically can borrow up to 60 percent of the land value and 100 percent of the construction costs.
While our underwriting criteria for construction loans is flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t issue a loan if our experience doesn’t convince us that everyone involved in the deal will profit. Click on the New Construction link above for more details about rates and requirements for these 12-month loans.