Loan Programs

Asset Based Solution (ABS), LLC provides flexible short-term loan programs to help our borrowers achieve their immediate goals, then they can either sell the property for profit or refinance it with an long-term loan. As a specialized local hard money lender, we are your reliable finance source for real estate investment.

Experience Level

Any

Credit Score

No minimum

Interest Rate

9% - 12%

Points

2% - 3%

Loan to Project Cost

50% - 85%

Loan to After Repair Value

up to 70 %

Closing Time

mostly within 2 weeks

Lending Area

Connecticut, Florida, Maryland, New Jersey, New York and Pennsylvania

Loan Types

💰 Fix and Flip Loan

A loan made to purchase a house that needs repair and fix it up before reselling it for profit.

Interest Rate

9% - 12%

Advance Rate on Value

Up to 85%

Loan to After Rehab Value

60% - 70%

💰 New Construction

A loan used for land acquisition and construction of a new commercial or investment property.

Interest Rate

10% - 12%

Advance Rate on Value

Up to 60%

Loan to After Rehab Value

50%-60%

💰 Cash Out

A loan to refinance an existing mortgage loan, where the new loan is for a larger amount than the old loan.

Interest Rate

10% - 12%

Advance Rate on Value

Up to 45%

Loan Size

$70K - $2M

Leading New York & Florida Hard Money Lender, also lending in Connecticut, Maryland, New Jersey, and Pennsylvania

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New York Office

1133 Westchester Avenue,
Suite N006 White Plains,
New York, NY 10604

646-470-8609

Get directions on the map

Florida Office

2856 E Oakland Park Blvd,
Ft Lauderdale,
FL 33306

954-444-4902

Get directions on the map

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