Asset Based Lending Announces Expanded Reach of Hard-Money Loans for Real Estate Investors
ABL’s hard cash loans help local property investors in the Northeast and Florida get their businesses funded quickly and efficiently
LOS ANGELES, CA / ACCESSWIRE / January 5, 2021 / The founders of Asset Based Lending, LLC (ABL), a private commercial lender, are pleased to announce their expanded range of local hard money lending for real estate investors.
For more information about ABL hard cash loans and how they can help real estate investors fund their business activities quickly and effectively, please visit https://www.abl1.net/.
As a company spokesperson noted, the founding partners note that while many real estate investors have formidable career goals, including flipping property for a profit or holding property as an income-generating commodity, they may not always have the capital to get started.
This inspired them to develop their hard money loan programs that provide financing for fix and flips, new home construction, payout refinancing, and rental property financing. As of December 2020, ABL has expanded its loan programs to the entire Northeast and Florida, making it the most reliable regional hard cash lender in business.
In many cases, real estate investors can get their loan pre-approval within 24 hours and then close in just 3 days. The hard cash loans are asset based, direct and private, and ABL uses local partnerships with seasoned appraisers, title agents and other service providers in addition to their professional in-house staff of underwriters, loan officers, underwriting managers and others to ensure a smooth loan process from prequalification to disbursement .
As a bonus, since the founders also understand that some property investors are preparing to invest in their first property and / or have never worked with a tough moneylender before, the friendly and experienced team at ABL will be the first to provide guidance to investors through the company’s innovative lending process.
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“As investors, we’ve been through this ourselves. We know what you’re going through and we will offer you our full support and expertise – that’s the ABL promise,” noted the spokesman, adding that they also use risk calculators to help assessing the profitability of a project for the investor – not just profitability for the lender.
These steps all help ensure that real estate investors, whether they’re new to the industry or seasoned professionals, get the best possible deal from a company that is reliable, reputable, and appreciates great customer service.
“We’ll also help you manage your draw plan on rehab and construction projects to protect and protect your investment while remaining flexible.”
In its ten years of operation, ABL has grown exponentially and has financed over 3,000 US $ 650 million in loans for non-owner-managed residential and mixed-use investment properties. Despite the global pandemic that forced other lenders to shut down their services, ABL closed hundreds of hard cash loans throughout the year averaging $ 5 to 6 million per month during the peak of the pandemic and totaling $ 5 million per month in 2020 funded around $ 140 million.
ABL is focused on reliable and timely business and relationship building, which results in roughly half of borrowers being repeat borrowers. The company currently has 248 different 5-star ratings from a verified third-party service. For example, Alphonso R. noted that the whole process was seamless and that he really enjoyed working with the team at ABL.
“As a first-time investor, they answered all of my questions and made the process more painless than I could ever imagine,” he wrote.
Matt F. echoed similar views in his review and found the team to be responsive and helpful.
“Right from the start, I felt that they wanted something to work to help us with our funding needs. Your process is simple and straightforward.”
Information on Asset Based Lending:
Asset Based Lending, LLC (ABL) is a private hard money lender featured in Scotsman Guide and Inc. magazine. Their mission is to help real estate investors fund their business activities quickly and efficiently. They have funded over 3,000 US $ 650 million in residential and mixed-use investment real estate loans. Click here to learn more: https://www.abl1.net/
SOURCE: Asset Based Lending, LLC
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