asset based lending is a direct hard money lender for real estate investors in NY, NJ, CT, PA, MD, & FL with hard money loans starting as low as 9%. Home of the 2 day close and No-point loan! click for more information or to pre-qualify today!
About. Asset Based Solution (ABS), LLC focuses on real estate and asset-based lending. We are the leading Hard Money Lender in New York & Florida, also lending in Connecticut, Maryland, New Jersey, and Pennsylvania.. Our mission is to empower real estate investors, beginners or experienced, to seize opportunities they cannot finance themselves.
There aren’t many hard money lenders that can make it that smooth and easy. We can’t wait to use Lend Some Money again in the near future." Harlem, NY: "Without LendSomeMoney I would never have been able to buy this house. It was a foreclosure and they wanted cash.
Hard Money Interest Rate While hard money loans have earned much acclaim for their quick funding turnaround times, the interest rate may be affected by just how quickly the money is needed. A hard money loan can be granted in just hours, but if you can close in a couple of days instead, there are potentially greater odds of a better rate.
A hard money lender determines the value of the property through a BPO (broker price opinion) or an independent appraisal done by a licensed appraiser in the state in which the property is located. The interest rates on hard money loans are typically higher than the rates charged for traditional business loans.
A hard money loan is a risky asset-based loan used by companies that cannot qualify for other types of loans to finance their operations. If a project comes up in which a small business wants to invest or if a company has used up their lines of credit, they can turn to hard money loans for their needs.
Typical Hard Money Loan Terms Hard Money lenders are somewhat like pawn shops (no offense to pawn shops or hard money lenders either one) They lend on the asset, not the person necessarily. The rates are therefore much higher and typically have higher closing costs. Short term loans designed to allow you to purchase, rehab, and flip the property. You want to get in and out.
Our perfect Commercial Hard Money Loan is designed for real estate investors seeking short-term financing. Hard Money Loans offer flexible qualifying guidelines being that there’s no income documentation couple with being credit score friendly — only a 550+ FICO is needed.
A hard money loan is an asset-based loan commonly used for fixing up and flipping homes. These are different from traditional bank loans because they are .
What is a hard money loan? Real estate investing loans that secured by a "hard" asset, such as real estate is a hard money loan. You will find that hard money lenders come with higher interest loan rates frequently between 8% to 14% and have shorter terms around twelve months. They are often issues in days to weeks.