Asset Based Lending is proud to announce the return of their zero-point loan program for fix and flips, new construction, and cash out refinances. The return of this program is a direct response to the company’s success throughout the pandemic combined with their unique capital structure and commitment to developing investor-friendly loan programs with flexible solutions.

So what is a zero-point loan? The zero-point loan options offer up to 90% LTC for fix and flips and new construction, and up to 75% LTV for cash outs and refinances. These hard money loans have no pre-payment penalty or exit fees, making them the only true zero-point hard money loan on the market. There is no experience requirement for the zero-point option, and borrowers are welcome to select either the no point or standard point option for themselves on a deal-by-deal basis.

“The Zero-Point program is a game changer for flippers and builders, allowing them to bring less cash to the closing table and in many cases reduce their overall cost of capital,” said Eric Krattenstein, Partner and Chief Marketing Officer at ABL. “We’re excited to use our unique capital structure to be able to offer such a competitive program that is unheard of in the hard money lending space.”

Previously, ABL offered these zero-point loans at lower leverage, but suspended the program at the start of the Covid-19 pandemic as many companies looked for ways to deal with uncertainly and mitigate risk. With the company’s return to pre-pandemic production levels and plans for growth, the zero-point program returned – and with higher leverage options than before.

The return of the zero-point program follows the announcement of ABL’s term rental program, the firm’s new in-house rental loan product for 1-4 family investment properties. With the inclusion of rental loans to the company’s portfolio of direct-lending products, ABL now offers a true one-stop-shop, ensuring competitive loan terms and streamlined service for its borrowers.

Asset Based Lending is the premier hard money lender for real estate investors. ABL has been lending for over a decade throughout New Jersey, New York, Connecticut, Pennsylvania, Massachusetts, Maryland, Florida, Virginia, and Washington D.C, building strong relationships with borrowers and partnering with investors as they grow their real estate investment businesses. The company closed 2020 with 441 loans funded for a total $136 million and are positioned as the most reliable East Coast lender for real estate investments.