# https://www.ablfunding.com/ llms-full.txt
201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# You Invest In Properties **We Invest In You**
We're the only company in the industry with a
true Zero-Point Program
[Get Started](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) [Loan Programs](https://www.ablfunding.com/loan-programs/)
## Explore Our Programs
[](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
## FIX & FLIP
Purchase and rehab of 1-6 family residential properties
[More Info](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
[](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
## NEW CONSTRUCTION
Land acquisition & construction or rebuild of existing property
[More Info](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
[](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/)
## CASH OUT REFINANCE
Cash Out on or Refinance of 1-4 family residential property
[More Info](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/)
[](https://www.ablfunding.com/loan-programs/renovate-rent-loans/)
## RENTAL LOANS
Permanent refinance and/or cash out on rental properties.
[More Info](https://www.ablfunding.com/loan-programs/renovate-rent-loans/)
1068
### Projects Funded
0
### Loans Funded
82
### 5 Star Reviews
331
### Year Established
## Why ABL?
Our goal is to help small business owners, real estate investors, and commercial contractors quickly and efficiently finance their business activities. By tailoring our loan programs to your specific needs, we aim to create not just financial support, but a strong, collaborative partnership.
## Where We Lend
[Alabama](https://www.ablfunding.com/where-we-lend/alabama-hard-money-lenders/)
[Colorado](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/)
[Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/)
[Kansas](https://www.ablfunding.com/loan-programs/)
[Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/)
[Mississippi](https://www.ablfunding.com/where-we-lend/mississippi/)
[New Hampshire](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/)
[Ohio](https://www.ablfunding.com/where-we-lend/ohio/)
[Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/)
[Virginia](https://www.ablfunding.com/where-we-lend/virginia/)
[Wisconsin](https://www.ablfunding.com/where-we-lend/wisconsin/)
[Arizona](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/)
[Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/)
[Idaho](https://www.ablfunding.com/loan-programs/)
[Kentucky](https://www.ablfunding.com/where-we-lend/kentucky/)
[Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/)
[Missouri](https://www.ablfunding.com/where-we-lend/missouri/)
[New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/)
[Oklahoma](https://www.ablfunding.com/where-we-lend/oklahoma/)
[South Carolina](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/)
[Washington](https://www.ablfunding.com/where-we-lend/washington/)
[Washington DC](https://www.ablfunding.com/where-we-lend/washington-dc/)
[Arkansas](https://www.ablfunding.com/where-we-lend/arkansas/)
[Delaware](https://www.ablfunding.com/where-we-lend/delaware-hard-money-lenders/)
[Illinois](https://www.ablfunding.com/where-we-lend/illinois/)
[Louisiana](https://www.ablfunding.com/where-we-lend/louisiana-hard-money-lenders/)
[Michigan](https://www.ablfunding.com/where-we-lend/michigan/)
[Nebraska](https://www.ablfunding.com/loan-programs/)
[New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/)
[Oregon](https://www.ablfunding.com/where-we-lend/oregon-hard-money-lenders/)
[Tennessee](https://www.ablfunding.com/where-we-lend/tennessee/)
[West Virginia](https://www.ablfunding.com/loan-programs/)
[California](https://www.ablfunding.com/where-we-lend/california/)
[Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/)
[Indiana](https://www.ablfunding.com/where-we-lend/indiana/)
[Maine](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/)
[Minnesota](https://www.ablfunding.com/where-we-lend/minnesota-hard-money-lenders/)
[New Mexico](https://www.ablfunding.com/loan-programs/)
[North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/)
[Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/)
[Texas](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/)
[Wyoming](https://www.ablfunding.com/loan-programs/)
[](https://www.ablfunding.com/where-we-lend/)
Our Commitment To Quality Sets Us Apart
### Fast Processing
Loan pre-approval within 24 hours and a close in as few as 3 days. Our money funds your project, which gives us the ability to make decisions faster than anyone in the industry. Time is money and speed is our commitment to you.
### Local Services
Local partnerships–loan officers, appraisers, attorneys, title agents. We will provide you with a team of hand selected, local community members who understand the real estate climate in your neighborhood.
### Profitability
Our risk calculators evaluate the profitability of your project to ensure that you are successful and profitable when you choose ABL. Our formula guarantees that we get you the best deal possible. We’ll also manage your draw schedule during rehab projects in order to protect and safeguard your investment.
### Peace of Mind
We show up for you, EVERY time. Reliability is one of our core values, and we pledge that we will be at the closing table when you need us. The relationship that we build and cultivate with our borrowers is our top priority.
[Learn More](https://www.ablfunding.com/about/how-we-work/)
Review Title
Review Content
Real Reviews From Real Borrowers
Reviews carousel
Carousel arrows
4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# FAQ
Prefer video? Check out our [video guide to ABL](https://www.ablfunding.com/case-studies/faq/video-guide-to-abl/)!
Loan Questions
##### Where do you lend?
[Connecticut:](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/) ABL lends in Hartford, Fairfield, New Haven, Storrs, and Essex.
[Florida:](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/) ABL lends in all counties in Florida.
[Georgia:](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/) ABL lends in all counties in Georgia.
[Maine:](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/) ABL lends in all counties in Maine.
[Maryland:](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/) ABL lends in Anne Arundel, Baltimore, Baltimore City, Cecil, Charles, Harford, Howard, Montgomery, and Prince George.
[Massachusetts:](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/) ABL lends in the greater Boston area; Suffolk, Norfolk, Essex, Middlesex, and Plymouth.
[New Hampshire:](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/) ABL lends in in Belknap, Carroll, Cheshire, Hillsborough, Merrimack, Rockingham, Stafford, and Sullivan counties.
[New Jersey:](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/) ABL lends in all counties in New Jersey.
[New York:](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/) ABL lends in New York City (all boroughs), Nassau, Orange, Rockland, Suffolk, and Westchester counties.
[North Carolina:](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/) ABL lends in all counties in North Carolina.
[Pennsylvania:](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/) ABL lends in Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia.
[Rhode Island:](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/) ABL lends in all counties in Rhode Island.
[South Carolina:](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/) ABL lends in all counties in South Carolina.
[Texas:](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/) ABL lends in all counties in Texas.
[Virginia & D.C.:](https://www.ablfunding.com/where-we-lend/washington-dc-virginia/) ABL lends in Arlington, Alexandria, Fairfax, Washington D.C.
##### How quickly can you close?
Although most of our loans close within two weeks of initial borrower contact, we can close within 3-4 days if all the paperwork is in order.
##### Do I need good credit to get a loan?
We do pay attention to the credit background of the deal principals, however a borrower does not have to have good credit to close with us.
##### Do I need cash to close?
Yes, we do require our borrowers to have some cash to settle, pay interest over the course of the loan and be able to deal with cost overruns with the rehab project.
##### Do I need experience to close?
Having experience is very helpful but we do lend to first time borrowers.
##### Will you finance loan points?
In certain circumstances, yes.
##### How do I start?
Fill out a [pre-qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/), or call or email us with a basic deal summary. We will review and call you back if you email, or begin the conversation immediately if you call. We will listen to what you are looking for from a lender. We will then ask you some questions about the profitability of your deal, your experience, the value of your real estate asset, available cash liquidity and your payoff plan for our loan. We will tell you approximately how much money we think we can lend to you and at what cost. We will also tell you what the process is to close our loan and all the associated costs.
If we think there is a viable deal, we will ask you if we should order an appraisal for you. The first cost you will incur is the appraisal cost (paid directly to the appraiser) which varies with the type and size of the property. You will not be asked for any money from us until we send you a term sheet outlining the entire deal structure and all deal costs.
##### What initial paperwork do you need?
We do not require any initial paperwork, however it is very helpful to us if you provide a loan application and a deal summary. Even better if you also have a purchase contract and a proposed scope of work. And better still if you also can provide us with some value comparisons for the target property.
##### What is your typical loan structure?
We offer a one year loan that is interest only until maturity and no prepayment penalty. Learn more about our [loan programs](https://www.ablfunding.com/loan-programs/).
##### Will you lend to an individual?
No, we only lend to some kind of entity – LLC or Corporation.
##### Do you require personal guarantees of the principals?
Yes.
##### Do you lend to owner occupiers?
No, we only lend to investors. All of our loans must be non owner-occupied.
##### Will you take a 2nd lien position on a loan?
No, we are a 1st lien lender only.
##### Do you offer new construction financing?
Yes, but only to experienced contractors or builders.
##### Are you a direct lender?
We are a direct lender with control of our own funds and decision making.
##### How soon can I expect a preliminary approval from ABL?
Within 24 hours if the submission is complete.
##### Will you roll loan costs into the loan?
Yes, but it depends upon the particular circumstances of the loan and individual circumstances of the borrower.
##### Do you offer discount pricing for return borrowers?
Yes, after two successful loans the pricing can be reduced assuming the circumstances of the next loan are substantially similar to the first two.
##### What is the minimum credit score you require for a loan?
We do not have a minimum credit score, however, we do examine our borrower’s credit, and look at payment patterns. If your credit is poor we will look for other parts of the deal that make it safer for us.
##### What income requirements do you require?
We do not have set income requirements for the borrower, but the borrower must be able to demonstrate the ability to pay scheduled interest.
##### Do you ever speak and meet with the borrower directly?
Yes.
##### Will you re-finance my property if I already own it and want to rehab and sell it?
Yes, but only if you do not live in the house and have no intention of ever living in the house.
##### What are your lending limits?
$75,000 – $1,750,000
##### Will you lend 100% deal cost?
No, we lend 80-85% of purchase and rehab costs up to a maximum of 60%-65% of after rehab value (ARV).
##### Will you lend 100% of rehab costs?
Yes. But we examine carefully your scope of work and draw schedule.
##### What properties will you lend on?
We concentrate on both single and multi-family residential real estate. We also lend on mixed use commercial properties with a residential component.
##### Are there any properties you do not lend on?
We do not lend on primary residences, co-ops, raw land, mobile homes, or extremely rural properties. We lend when we can value the asset with a high level of confidence.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Sitemap
## Pages
- [ABL Broker Referral Program](https://www.ablfunding.com/brokers/)
- [About](https://www.ablfunding.com/about/)
- [Asset Based Lending Reviews](https://www.ablfunding.com/about/reviews/)
- [Careers In Hard Money Lending](https://www.ablfunding.com/about/careers-hard-money-lending/)
- [Contact Us](https://www.ablfunding.com/about/contact-us/)
- [How We Work](https://www.ablfunding.com/about/how-we-work/)
- [Who We Are](https://www.ablfunding.com/about/who-we-are/)
- [Paul Lewis – Florida Area Manager](https://www.ablfunding.com/about/who-we-are/paul-lewis-florida-area-manager/)
- [Work With Colleen Wagner](https://www.ablfunding.com/about/who-we-are/work-with-colleen-wagner/)
- [Work With Zak](https://www.ablfunding.com/about/who-we-are/zak/)
- [Application Successful](https://www.ablfunding.com/application-successful/)
- [Asset Based Lending (Homepage)](https://www.ablfunding.com/)
- [Asset Based Lending Scholarship](https://www.ablfunding.com/scholarship/)
- [Blog](https://www.ablfunding.com/blog/)
- [BRRRR Calculator](https://www.ablfunding.com/brrrr-calculator/)
- [Case Studies](https://www.ablfunding.com/case-studies/)
- [Contact Form Intake](https://www.ablfunding.com/contact-form-intake/)
- [Events](https://www.ablfunding.com/events/)
- [Florida Flips & Funding: Real Estate Investor Networking](https://www.ablfunding.com/events/florida-flips-funding-real-estate-investor-networking/)
- [MBA Conference Happy Hour](https://www.ablfunding.com/events/mba-conference-happy-hour/)
- [Philadelphia Real Estate Networking](https://www.ablfunding.com/events/philadelphia-real-estate-networking/)
- [REI Networking: Flips And Funding](https://www.ablfunding.com/events/real-estate-investor-networking/)
- [FAQ](https://www.ablfunding.com/faq/)
- [Video Guide to ABL](https://www.ablfunding.com/faq/video-guide-to-abl/)
- [Fix And Flip 101 Ebook](https://www.ablfunding.com/fix-flip-101-ebook/)
- [Fix And Flip Before And After Videos](https://www.ablfunding.com/fix-and-flip-videos/)
- [Fix And Flip Resources](https://www.ablfunding.com/fix-flip-resources/)
- [Infographics](https://www.ablfunding.com/fix-flip-resources/infographics/)
- [Real Estate Ebooks & Whitepapers](https://www.ablfunding.com/fix-flip-resources/real-estate-ebooks-whitepapers/)
- [2019 NJ Rental Investment Report](https://www.ablfunding.com/fix-flip-resources/real-estate-ebooks-whitepapers/2019-nj-rental-investment-report/)
- [Flips Flops & Fortunes: The Real Estate Investing Ebook](https://www.ablfunding.com/flips-flops-fortunes-real-estate-investing-ebook/)
- [Hard Money Lenders for First Time Real Estate Investors](https://www.ablfunding.com/first-time-real-estate-investors/)
- [Hard Money Loan Application](https://www.ablfunding.com/loan-application/)
- [Hard Money Loan Programs](https://www.ablfunding.com/loan-programs/)
- [Cash Out Refinance Hard Money Loans](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/)
- [Document Library](https://www.ablfunding.com/loan-programs/document-library/)
- [DSCR Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
- [Fix and Flip Hard Money Loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [Hard Money Loans For New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Loan Pre-Qualification](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
- [Multifamily](https://www.ablfunding.com/loan-programs/multifamily-hard-money-lender/)
- [Request A Proof of Funds Letter](https://www.ablfunding.com/loan-programs/get-proof-of-funds-letter/)
- [Lead Ingestion](https://www.ablfunding.com/lead-ingestion/)
- [Legitimate Asset Based Lending](https://www.ablfunding.com/legitimate-asset-based-lending/)
- [Loan Management Portal](https://www.ablfunding.com/members/)
- [Meetup Sign In](https://www.ablfunding.com/signin/)
- [Post-Close FAQs](https://www.ablfunding.com/post-close-faqs/)
- [Privacy Statement](https://www.ablfunding.com/privacy-statement/)
- [Private Hard Money Loan Deal Calculator for Investments](https://www.ablfunding.com/hard-money-loan-deal-calculator/)
- [Reasonable Use Policy](https://www.ablfunding.com/reasonable-use-policy/)
- [Recently Funded](https://www.ablfunding.com/recently-funded/)
- [RSVP Confirmed](https://www.ablfunding.com/rsvp-confirmed/)
- [Sitemap](https://www.ablfunding.com/sitemap/)
- [South Florida Real Estate Investing 101](https://www.ablfunding.com/intro-south-florida-real-estate-investing/)
- [Term Loan Application](https://www.ablfunding.com/term-loan-application/)
- [Term Loan Application Successful](https://www.ablfunding.com/term-loan-application-successful/)
- [Test Page](https://www.ablfunding.com/test-page/)
- [Thank You](https://www.ablfunding.com/thank-you/)
- [Thank You](https://www.ablfunding.com/thanks/)
- [The ABL Difference](https://www.ablfunding.com/why/)
- [Tips For Flips](https://www.ablfunding.com/tips-for-flips/)
- [Where We Lend](https://www.ablfunding.com/where-we-lend/)
- [Alabama Hard Money Lenders](https://www.ablfunding.com/where-we-lend/alabama-hard-money-lenders/)
- [Arizona Hard Money Lenders](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/)
- [AZ Rental Loans](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/az-rental-loans/)
- [Fix And Flip Loans In AZ](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/fix-and-flip-loans-in-az/)
- [New Construction Loans In AZ](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/new-construction-loans-in-az/)
- [Arkansas](https://www.ablfunding.com/where-we-lend/arkansas/)
- [California](https://www.ablfunding.com/where-we-lend/california/)
- [Colorado](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/)
- [Colorado New Construction Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/colorado-new-construction-loans/)
- [Colorado Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/colorado-rental-loans/)
- [Fix And Flip Loans In Colorado](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/fix-and-flip-loans-in-colorado/)
- [Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/)
- [Bridgeport Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/bridgeport-hard-money-lenders/)
- [Connecticut Fix And Flip Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/fix-flip/)
- [Connecticut New Construction Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/new-construction/)
- [Connecticut Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/connecticut-rental-loans/)
- [Hartford Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/hartford-hard-money-lenders/)
- [Delaware Hard Money Lenders](https://www.ablfunding.com/where-we-lend/delaware-hard-money-lenders/)
- [Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/)
- [Fix And Flip Loans In FL](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/fix-flip-loans/)
- [Florida Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/rental-loans/)
- [Jacksonville Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/jacksonville-hard-money-lenders/)
- [Miami Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/miami-hard-money-lenders/)
- [New Construction Loans In Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/new-construction/)
- [Orlando Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/orlando-hard-money-lenders/)
- [Tampa Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/tampa-hard-money-lenders/)
- [Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/)
- [Atlanta Hard Money Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/atlanta-hard-money-loans/)
- [Fix And Flip Loans In Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/fix-and-flip-loans-georgia/)
- [Georgia Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/georgia-rental-loans/)
- [New Construction Loans in Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/georgia-new-construction-loans/)
- [Savannah Hard Money Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/savannah-hard-money-loans/)
- [Hard Money Lenders in Indiana](https://www.ablfunding.com/where-we-lend/indiana/)
- [Indiana Fix and Flip Loans: Fast Funding](https://www.ablfunding.com/where-we-lend/indiana/indiana-fix-and-flip-loans/)
- [Indiana New Construction Loans](https://www.ablfunding.com/where-we-lend/indiana/indiana-new-construction-loans/)
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- [Illinois](https://www.ablfunding.com/where-we-lend/illinois/)
- [DSCR Loans Illinois: Rental Property Financing](https://www.ablfunding.com/where-we-lend/illinois/illinois-rental-loans/)
- [Illinois Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/illinois/illinois-fix-and-flip-loans/)
- [Illinois New Construction Loans](https://www.ablfunding.com/where-we-lend/illinois/illinois-new-construction-loans/)
- [Kentucky](https://www.ablfunding.com/where-we-lend/kentucky/)
- [Kentucky Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/kentucky/kentucky-fix-and-flip-loans/)
- [Kentucky New Construction Loans](https://www.ablfunding.com/where-we-lend/kentucky/kentucky-new-construction-loans/)
- [Kentucky Rental Loans](https://www.ablfunding.com/where-we-lend/kentucky/kentucky-rental-loans/)
- [Louisiana Hard Money Lenders](https://www.ablfunding.com/where-we-lend/louisiana-hard-money-lenders/)
- [Maine](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/)
- [Maine Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/maine-fix-and-flip-loans/)
- [Maine New Construction Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/maine-new-construction-loans/)
- [Maine Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/maine-rental-loans/)
- [Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/)
- [Baltimore Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/baltimore-hard-money-lenders/)
- [Fix And Flip Loans In Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/fix-flip/)
- [New Construction Loans In Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/new-construction/)
- [Rental Property Financing In Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/rental-loans/)
- [Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/)
- [Boston Hard Money Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/boston-hard-money-loans/)
- [Fix And Flip Loans In Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/fix-flip/)
- [Massachusetts Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/massachusetts-rental-loans/)
- [New Construction Loans In Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/construction-loans/)
- [Springfield MA Hard Money Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/springfield-hard-money-loans/)
- [Michigan](https://www.ablfunding.com/where-we-lend/michigan/)
- [Michigan Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/michigan/michigan-fix-and-flip-loans/)
- [Michigan New Construction Loans](https://www.ablfunding.com/where-we-lend/michigan/michigan-new-construction-loans/)
- [Michigan Rental Loans](https://www.ablfunding.com/where-we-lend/michigan/michigan-rental-loans/)
- [Minnesota Hard Money Lenders](https://www.ablfunding.com/where-we-lend/minnesota-hard-money-lenders/)
- [Mississippi](https://www.ablfunding.com/where-we-lend/mississippi/)
- [Fix And Flip Loans In MS](https://www.ablfunding.com/where-we-lend/mississippi/fix-and-flip-loans-in-ms/)
- [MS Rental Loans](https://www.ablfunding.com/where-we-lend/mississippi/ms-rental-loans/)
- [New Construction Loans In MS](https://www.ablfunding.com/where-we-lend/mississippi/new-construction-loans-in-ms/)
- [Missouri](https://www.ablfunding.com/where-we-lend/missouri/)
- [New Hampshire](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/)
- [New Hampshire Fix And Flip Loans](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/new-hampshire-fix-flip-loans/)
- [New Hampshire New Construction Loans](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/new-construction-loans/)
- [New Hampshire Rental Loans](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/rental-loans/)
- [New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/)
- [Fix And Flip Loans In NJ](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/fix-flip-loans/)
- [Jersey City Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/jersey-city-hard-money-lender/)
- [New Construction Loans In NJ](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/new-construction-loans-in-nj/)
- [Newark Hard Money Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/newark-hard-money-loans/)
- [NJ Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/rental-loans/)
- [New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/)
- [Fix And Flip Loans In New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/fix-flip-loans/)
- [Long Island Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/long-island-hard-money-lenders/)
- [New Construction Loans In New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/new-construction/)
- [New York City Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/new-york-city-hard-money-lenders/)
- [NY Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/rental-loans/)
- [North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/)
- [Charlotte Hard Money Loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/charlotte-hard-money-loans/)
- [North Carolina Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/north-carolina-fix-and-flip-loans/)
- [North Carolina New Construction Loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/north-carolina-construction-loans/)
- [North Carolina Rental Loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/north-carolina-rental-loans/)
- [Raleigh Hard Money Loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/raleigh-hard-money-loans/)
- [Ohio](https://www.ablfunding.com/where-we-lend/ohio/)
- [Ohio Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/ohio/ohio-fix-and-flip-loans/)
- [Ohio New Construction Loans](https://www.ablfunding.com/where-we-lend/ohio/ohio-new-construction-loans/)
- [Ohio Rental Loans](https://www.ablfunding.com/where-we-lend/ohio/ohio-rental-loans/)
- [Oklahoma](https://www.ablfunding.com/where-we-lend/oklahoma/)
- [Oregon Hard Money Lenders](https://www.ablfunding.com/where-we-lend/oregon-hard-money-lenders/)
- [Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/)
- [Construction Loans In PA](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/new-construction/)
- [Fix And Flip Loans In PA](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/fix-flip/)
- [Philadelphia Hard Money Lenders](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/philadelphia-hard-money-lenders/)
- [Rental Loans In PA](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/rental-loans/)
- [Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/)
- [Fix And Flip Loans In Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/fix-flip/)
- [New Construction Loans In Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/new-construction/)
- [Rhode Island Rental Loans](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/rhode-island-rental-loans/)
- [South Carolina](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/)
- [Charleston Hard Money Loans](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/charleston-hard-money-loans/)
- [Hard Money Loans in Myrtle Beach, SC](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/myrtle-beach-hard-money-loans/)
- [South Carolina Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/south-carolina-fix-and-flip-loans/)
- [South Carolina New Construction Loans](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/construction-loans/)
- [South Carolina Rental Loans](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/rental-loans/)
- [Tennessee](https://www.ablfunding.com/where-we-lend/tennessee/)
- [Tennessee Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-fix-and-flip-loans/)
- [Tennessee New Construction Loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-new-construction-loans/)
- [Tennessee Rental Loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-rental-loans/)
- [Texas](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/)
- [Austin Hard Money Loans](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/austin-hard-money-loans/)
- [Texas Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/fix-and-flip-loans/)
- [Texas New Construction Loans](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/texas-new-construction-loans/)
- [Texas Rental Loans](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/texas-rental-loans/)
- [Virginia](https://www.ablfunding.com/where-we-lend/virginia/)
- [Virginia Fix And Flip Loans](https://www.ablfunding.com/where-we-lend/virginia/fix-flip-loans/)
- [Virginia New Construction Loans](https://www.ablfunding.com/where-we-lend/virginia/construction-loans/)
- [Virginia Rental Loans](https://www.ablfunding.com/where-we-lend/virginia/virginia-rental-loans/)
- [Washington](https://www.ablfunding.com/where-we-lend/washington/)
- [Fix And Flip Loans In WA](https://www.ablfunding.com/where-we-lend/washington/fix-and-flip-loans-in-wa/)
- [New Construction Loans In WA](https://www.ablfunding.com/where-we-lend/washington/new-construction/)
- [Washington Rental Loans](https://www.ablfunding.com/where-we-lend/washington/washington-rental-loans/)
- [Washington DC](https://www.ablfunding.com/where-we-lend/washington-dc/)
- [Washington DC Construction Loans](https://www.ablfunding.com/where-we-lend/washington-dc/construction-loans/)
- [Washington DC Fix And Flip Loans](https://www.ablfunding.com/where-we-lend/washington-dc/fix-flip-loans/)
- [Washington DC Rental Loans](https://www.ablfunding.com/where-we-lend/washington-dc/washington-dc-rental-loans/)
- [Wisconsin](https://www.ablfunding.com/where-we-lend/wisconsin/)
- [Wisconsin Fix and Flip Loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-fix-and-flip-loans/)
- [Wisconsin New Construction Loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-new-construction-loans/)
- [Wisconsin Rental Loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-rental-loans/)
- [Zero Point Cost Savings Calculator](https://www.ablfunding.com/zero-point-cost-savings-calculator/)
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# Blog
[](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
## [Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Feb 3, 2025 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/)
Charlotte, North Carolina is one of the fastest-growing housing markets in the U.S. Since 2020, the city’s population has grown by 47,412 to 923,164 (a 5.41% jump), making it the most populous city in the state. Meanwhile, home values have skyrocketed. Since January...
[read more](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
[](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
## [Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 27, 2025 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Illinois is a prime location for flipping houses. In Q3 2024, the average gross profit on an Illinois flip was $94,500, resulting in an average gross ROI of 60.8%. However, flipping houses takes a lot of work and you need the right partners to ensure success. Your...
[read more](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
[](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
## [What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 20, 2025 \| [Blog](https://www.ablfunding.com/blog/category/blog/)
To get a rental loan from a private lender like ABL, you must meet a minimum DSCR requirement. Having a high Debt Service Coverage Ratio (DSCR) not only protects the lender but ensures you can afford the loan, making it a key metric for gauging potential investments...
[read more](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
[](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
## [A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 13, 2025 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Building or flipping a home can be a lucrative investment, but the high upfront cost typically requires partnering with a fast, flexible lender like ABL. To ensure you get the funds you need when you need them most, construction projects follow a draw schedule. Read...
[read more](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
[](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
## [The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 6, 2025 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
There are many ways to fund a rehab project, including 100 percent fix and flip loans. This is an attractive option because it doesn’t require a down payment. Instead, the lender finances the full cost of the property purchase and renovation, so you can focus solely...
[read more](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
[](https://www.ablfunding.com/blog/neighborhoods-for-flipping-houses-in-miami/)
## [5 Up-and-Coming Neighborhoods for Flipping Houses in Miami](https://www.ablfunding.com/blog/neighborhoods-for-flipping-houses-in-miami/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 23, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/)
Flipping houses in Miami can be a lucrative enterprise—especially in neighborhoods where home prices are down and properties are selling below asking price. If you “buy the dip” and renovate a property for significantly less than its after-repair value (ARV) with a...
[read more](https://www.ablfunding.com/blog/neighborhoods-for-flipping-houses-in-miami/)
[](https://www.ablfunding.com/blog/best-dscr-lenders-most-competitive-rates/)
## [Best DSCR Lenders: Who Offers the Most Competitive Rates?](https://www.ablfunding.com/blog/best-dscr-lenders-most-competitive-rates/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 16, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/)
Who are the best DSCR lenders with the most competitive rates? It’s no secret that how you finance a real estate deal can make or break the investment. That’s why the best rental property investors carefully vet and compare DSCR lenders like ABL before signing on the...
[read more](https://www.ablfunding.com/blog/best-dscr-lenders-most-competitive-rates/)
[](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-arizona/)
## [Top 5 Arizona Cities to Invest In For 2025](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-arizona/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 9, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/)
Known for its rapidly rising home values, Arizona has a hot housing market poised for growth in 2025. Whether you flip or buy and hold properties, the Grand Canyon state has much to offer—especially if you partner with a private lender like ABL. In this article, we...
[read more](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-arizona/)
[](https://www.ablfunding.com/blog/rtl-loans/)
## [Residential Transition Loans (RTL Loans)](https://www.ablfunding.com/blog/rtl-loans/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 2, 2024 \| [Cash Out Refinance](https://www.ablfunding.com/blog/category/cash-out-refinance/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Investing in real estate is a great way to build long-term wealth. But unless you buy a turnkey property, it usually involves some transitional work, such as renovation or construction. Fortunately, you can finance capital-intensive construction projects with...
[read more](https://www.ablfunding.com/blog/rtl-loans/)
[](https://www.ablfunding.com/blog/best-cities-for-rental-property-investment/)
## [The Top 15 Cities for Rental Investments in 2025](https://www.ablfunding.com/blog/best-cities-for-rental-property-investment/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 25, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/)
Buying rental property is a great way to earn passive income and benefit from long-term appreciation. With a lending partner like ABL, you can unlock long-term rental loans that help you maximize your returns. Take a look at the top 15 cities for rental investments...
[read more](https://www.ablfunding.com/blog/best-cities-for-rental-property-investment/)
[](https://www.ablfunding.com/blog/brrrr-method/)
## [Limited Capital? Use The BRRRR Method](https://www.ablfunding.com/blog/brrrr-method/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 18, 2024 \| [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
You don’t need a lot of money to invest in real estate. With an asset-based lender like ABL and a capital-light investing strategy, you can start your real estate investing journey in no time. In this article, we’ll explain how to accelerate your profits with the...
[read more](https://www.ablfunding.com/blog/brrrr-method/)
[](https://www.ablfunding.com/blog/best-states-to-buy-rental-property/)
## [The 5 Best States to Buy Rental Property in 2025](https://www.ablfunding.com/blog/best-states-to-buy-rental-property/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 11, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/)
As a real estate investor, you want to buy rental property where it will generate the most return. However, the most profitable rental markets can change over time. That’s why we’ve ranked the top five states for buying rentals in 2025. What Makes a State Favorable...
[read more](https://www.ablfunding.com/blog/best-states-to-buy-rental-property/)
[](https://www.ablfunding.com/blog/flipping-houses-in-texas/)
## [10 Best Practices for Flipping Houses in Texas](https://www.ablfunding.com/blog/flipping-houses-in-texas/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 4, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Flipping houses in Texas can be a lucrative gig. Not only did the Lonestar State have the second-biggest GDP of any U.S. state in 2023, but from 2022 to 2023, it had the largest numeric population growth. This is good news for home flippers. It means demand for...
[read more](https://www.ablfunding.com/blog/flipping-houses-in-texas/)
[](https://www.ablfunding.com/blog/private-money-vs-hard-money/)
## [Private Money vs. Hard Money: When You Need Funds Fast](https://www.ablfunding.com/blog/private-money-vs-hard-money/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 28, 2024 \| [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
As a real estate investor, you need reliable funding to seize deal opportunities. But what if you’ve exhausted all your traditional financing options? When considering private money vs hard money loans, both can be valuable resources for securing your next deal. But...
[read more](https://www.ablfunding.com/blog/private-money-vs-hard-money/)
[](https://www.ablfunding.com/blog/single-family-rental-investment-strategy/)
## [Generate Passive Income With This Single-Family Rental (SFR) Investment Strategy](https://www.ablfunding.com/blog/single-family-rental-investment-strategy/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 21, 2024 \| [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
A single-family rental investment strategy is an excellent source of passive income. Imagine earning a steady stream of income without the daily grind. With single-family rentals, you can! But it takes the right knowledge, funding, and partners. Read on to learn more...
[read more](https://www.ablfunding.com/blog/single-family-rental-investment-strategy/)
[](https://www.ablfunding.com/blog/what-are-asset-based-loans/)
## [What Are Asset Based Loans? How They Work & How To Get Them](https://www.ablfunding.com/blog/what-are-asset-based-loans/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 14, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
When you have lots of capital tied up in properties, it can be hard to scale your real estate investment portfolio. So why not leverage your equity? Unlike traditional mortgages based on creditworthiness, asset-based loans (aka hard money loans or private money loans)...
[read more](https://www.ablfunding.com/blog/what-are-asset-based-loans/)
[](https://www.ablfunding.com/blog/asset-based-lending-vs-cash-flow-lending/)
## [Asset Based Lending vs Cash Flow Lending: Which Is Right For You?](https://www.ablfunding.com/blog/asset-based-lending-vs-cash-flow-lending/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 7, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
With so many financing options available to real estate investors, knowing which lending structure is best for your business can be challenging. If you want an alternative to traditional bank lending, consider asset based lending vs cash flow lending. Both offer speed...
[read more](https://www.ablfunding.com/blog/asset-based-lending-vs-cash-flow-lending/)
[](https://www.ablfunding.com/blog/what-is-hard-money-lending-top-10-hard-money-loan-questions/)
## [The Top 10 Questions to Ask A Hard Money Lender](https://www.ablfunding.com/blog/what-is-hard-money-lending-top-10-hard-money-loan-questions/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Sep 23, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
Hard money lending is increasingly popular, especially for real estate investors, as traditional banking institutions clamp down on financing and become more stringent due to regulatory winds shifting and higher interest rates. Don’t fall for the first hard money...
[read more](https://www.ablfunding.com/blog/what-is-hard-money-lending-top-10-hard-money-loan-questions/)
[](https://www.ablfunding.com/blog/5-tips-building-ultimate-draw-schedule/)
## [5 Tips For Building The Ultimate Draw Schedule](https://www.ablfunding.com/blog/5-tips-building-ultimate-draw-schedule/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Sep 16, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
For any value-add fix-and-flip or new build construction project, you’ll live and die by your draw schedule. Managing and monitoring cash flow is as important as the actual construction, and a well-managed and maintained (and realistic) draw schedule goes a long way...
[read more](https://www.ablfunding.com/blog/5-tips-building-ultimate-draw-schedule/)
[](https://www.ablfunding.com/blog/brrrr-strategy-for-beginners-real-estate-investing/)
## [The BRRRR Strategy for Beginners in Real Estate Investing](https://www.ablfunding.com/blog/brrrr-strategy-for-beginners-real-estate-investing/)
by [Kerry Henderson](https://www.ablfunding.com/blog/author/kerry/ "Posts by Kerry Henderson") \| Sep 9, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Though plenty of "get rich quick" real estate courses and schemes abound these days, few new real estate investment strategies beat the classics – and perhaps none is as classic as the BRRRR Method. The BRRRR Method (short for buy, rehab, rent, refinance, repeat) is a...
[read more](https://www.ablfunding.com/blog/brrrr-strategy-for-beginners-real-estate-investing/)
[](https://www.ablfunding.com/blog/dscr-loans-explained/)
## [DSCR Loans Explained](https://www.ablfunding.com/blog/dscr-loans-explained/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Sep 2, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/)
One of real estate investing’s first hurdles to individual entrepreneurs is funding – as the saying goes, “It takes money to make money.” But, for many would-be real estate investors, finding initial financing to kickstart or extend a real estate portfolio is...
[read more](https://www.ablfunding.com/blog/dscr-loans-explained/)
[](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-texas/)
## [The Top 5 Cities to Invest In Texas](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-texas/)
by [Mackenzie Lee](https://www.ablfunding.com/blog/author/mackenzie/ "Posts by Mackenzie Lee") \| Jul 17, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/)
Texas has cemented its status as a prime destination for real estate investors, driven by soaring real estate prices fueled by rapid population growth and a thriving job market. According to recent estimates from the U.S. Census Bureau, Texas experienced the highest...
[read more](https://www.ablfunding.com/blog/top-5-cities-to-invest-in-texas/)
[](https://www.ablfunding.com/blog/andrew-whitmire-featured-deal/)
## [Andrew Whitmire Featured Deal](https://www.ablfunding.com/blog/andrew-whitmire-featured-deal/)
by [Mackenzie Lee](https://www.ablfunding.com/blog/author/mackenzie/ "Posts by Mackenzie Lee") \| Jul 3, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
North Carolina Featured Deal Andrew Whitmire, ABL’s Territory Manager in the Carolinas, recently finalized a DSCR loan in Southport, North Carolina, with a new borrower. The borrower initially engaged with another lender for a fix and flip loan but sought additional...
[read more](https://www.ablfunding.com/blog/andrew-whitmire-featured-deal/)
[](https://www.ablfunding.com/blog/anticipated-dip-mortgage-rates-expected-to-ease-post-soft-april-2024-jobs-report/)
## [Anticipated Dip: Mortgage Rates Expected to Ease Post Soft April 2024 Jobs Report](https://www.ablfunding.com/blog/anticipated-dip-mortgage-rates-expected-to-ease-post-soft-april-2024-jobs-report/)
by [Mackenzie Lee](https://www.ablfunding.com/blog/author/mackenzie/ "Posts by Mackenzie Lee") \| May 31, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/)
Mortgage Rates Expected to Ease Post Soft April Jobs Report May 3rd’s report brings significant implications for real estate investors suggesting a growing likelihood of interest rate cuts in 2024, following three months of economic challenges. Over the past quarter,...
[read more](https://www.ablfunding.com/blog/anticipated-dip-mortgage-rates-expected-to-ease-post-soft-april-2024-jobs-report/)
[](https://www.ablfunding.com/blog/miami-fl-fix-and-flip-featured-deal/)
## [Miami FL Fix and Flip Featured Deal](https://www.ablfunding.com/blog/miami-fl-fix-and-flip-featured-deal/)
by [Mackenzie Lee](https://www.ablfunding.com/blog/author/mackenzie/ "Posts by Mackenzie Lee") \| May 15, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Recently Funded](https://www.ablfunding.com/blog/category/recently-funded/)
Fix and Flip Deal in Miami, Florida Paul Barash, Asset Based Lending’s Assistant Vice President of Lending in Florida, recently closed a refinance and construction completion loan on a halfway completed build in Miami, Florida. The borrower discovered ABL online and...
[read more](https://www.ablfunding.com/blog/miami-fl-fix-and-flip-featured-deal/)
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
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[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
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[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
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[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Hard Money Loan Programs
Our hard money loan programs for real estate investments are structured to meet your needs, regardless of what type of investor loan you’re looking for. As one of the premier hard money lenders for beginners and experienced real estate investors, our borrowers rely on us to quickly finance their real estate deals and help them grow their business with the best hard money loans available.
[Approval In 1 Day Or Less](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
| | 
Fix & Flip | 
New Construction | 
Cash Out Refinance | 
Rental Property Loans |
| --- | --- | --- | --- | --- |
| **Program Description** | Purchase and rehab of 1-6 family residential properties.
[more info](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) | Land acquisition & construction or rebuild of existing property.
[more info](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) | Cash Out on or Refinance of 1-4 family residential property.
[more info](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) | Permanent refinance and/or cash out on rental properties.
[more info](https://www.ablfunding.com/loan-programs/renovate-rent-loans/) |
| **Experience Level** | Any | High | Any | Any |
| **Credit Score** | 660 | 660 | 660 | 660 |
| **Interest Rate** | 9.5%-15% | 9.99%-15% | 11%-15% | 5%-9% |
| **Points** | 0-2% | 0-2% | 0-2% | 0-2% |
| **Eligible For**
**0-Point Option?** | Yes | Yes | Yes | N/A |
| **Advance Rate**
**on Purchase** | 85% | 70% | N/A | N/A |
| **Rehab**
**or New Construction Funding** | 100% | 100% | 100% | N/A |
| **Advance Rate on**
**Current Value** | N/A | N/A | Up to 75% | Up to 80% |
| **Loan % to After**
**Rehab Value** | 60% – 70% | 60% – 75% | N/A | N/A |
| **Property Types** | Single Family,
Multi Family | Single Family,
Multi Family | Single Family,
Multi Family | Single Family,
Multi Family |
| **Pre-Payment Penalty** | No | No | No | No |
| **Extension Available** | Yes | Yes | Yes | No |
| **Cross Collateral /**
**Blanket Loans** | Yes | Yes | Yes | Yes |
| **Loan Size** | $75K - $3.5M | $100K to $3.5M | $100K - $3.5M | $100K And Up |
| **Loan Terms** | 12 Months | 12 Months | 12 Months | 30 Year Amortization |
_\*Final rates vary based on verification of application information, loan type, and other risk factors._
Found an investment property and interested in applying for a loan?
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
## The Best Hard Money Lender for Real Estate Investments
When it comes to investment opportunities, especially fix and flip properties, Asset Based Lending knows how important it is to expedite the financing needed for your project. At ABL, we offer [hard money loans for fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) properties and [new construction projects](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) that are tailored to fit your needs. Unlike the grueling process of bank mortgages which can take upwards of thirty days, ABL can approve your hard money financing and provide you with funds in a matter of days. With a record closing in as little as 24 hours, and an average closing time of just 7-10 days, ABL is here to quickly assist you every step of the way.
## Asset Based Hard Money Lending
Given that our private money loans are based on the value of an investment property rather than the borrower’s credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale. Even with tarnished credit, a borrower can obtain a hard money loan using the value of the investment property as collateral. This makes hard money funding a great option for anyone from beginner investors with a limited credit history to experienced investors looking to free up liquidity and scale their business.
ABL funds hard money loans on single family, multi-family, and fix and flip investment properties. Our private money loan programs don’t stop there; if you’re looking for a loan on new construction, we can provide quick financing for both the acquisition and construction of a new residential property or tear down project.
The hard money lending interest rates on an [asset based hard money loan](https://www.ablfunding.com/) are usually higher than those of conventional mortgages. Average hard money loan interest rates for investing range anywhere from 9%-15%, and ABL’s competitive loan programs offer qualified investors some of the best rates in the industry. Hard money lenders typically charge higher interest rates due to the greater risk associated with these loans, **and the incredible speed in which they are able to process and fund transactions**. Hard money loans are a very strong tool for investors who need to move quickly. These short term (usually 12 months) loans are the perfect opportunity to aid any investor in developing their success.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# ABL Broker Referral Program
Are you wondering how to become a broker with ABL’s private hard money lenders? Become an ABL approved private hard money broker to take advantage of our simple broker programs and make money on your referrals.
## Brokers Protected
You’ve worked hard to develop a relationship with your client, and ABL appreciates that. We protect broker fees in both the loan commitment letter and on the HUD settlement statement at closing.
## Fast Pre-Approvals
We pride ourselves on our ability to move quickly. A typical deal can be pre-approved within 24 hours and closed in a week or two.
## Direct Private Lender
As a direct [hard money lender](https://www.ablfunding.com/), we are in total control of our funds and all underwriting is done by the company’s partners.
“As a realtor and contractor I have worked with Asset Based Lending over the last year on (6) deals. Dan and Paul have been consistently responsive and creative. Then have been there when I needed them. I highly recommend ABL to any real estate investor for your financing needs.”
Adam Kavountzis
Foreclosure Sales Specialist
ABL’s broker referral program offers are simple, profitable, and good for the client. As a broker, your compensation is dependent on your involvement in the deal and the specifics of the loan.
Asset Based Lending is looking to partner with **you!** Become an ABL approved Broker with our hard money lender referral program and get paid on your referral.
## Broker Registration Form
First Name
Last Name
Company Name
Email Address(Required)
Phone Number
Lending Areas
ArizonaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIllinoisIndianaKentuckyMaineMarylandMassachusettsMichiganNew HampshireNew JerseyNew YorkNorth CarolinaOhioPennsylvaniaRhode IslandSouth CarolinaTennesseeTexasVirginiaWashingtonWisconsin
North Or South of Trenton?
NorthSouth
This will help us determine the best local specialist to reach out to you.
Consent To Contact
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By providing your mobile phone number and clicking the "Yes, I consent" button, you consent to receive SMS messages from ABL for informational and promotional purposes. Message and data rates may apply, and you may opt out at any time by replying "STOP" to any of our messages. Your consent is not a condition of purchasing any goods or services. ABL does not share any information obtained from SMS consent with any third parties or affiliates. [Read full privacy policy.](https://www.ablfunding.com/brokers/#)
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## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/brokers/#)
#### Requested Initial Documentation
Fix & Flip
1. Loan Application
2. Purchase Agreement
3. Scope of Work
New Construction
1. Loan Application
2. Scope of Work
Cash Out Refinance
1. Loan Application
2. Deal Summary
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Events
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## Latest Past Events
Mar
16
2022
[](https://www.ablfunding.com/event/sw-fl-happy-hour/ "SW FL Happy Hour")
Great food, cold drinks (open bar!), and the best real estate networking in SW Florida. Join Asset Based Lending on March 16th for a great evening of food, drink, and \[…\]
Apr
14
2022
[](https://www.ablfunding.com/event/pints-and-properties-lowell-ma/ "Pints And Properties – Lowell MA")
P&P meetups are monthly events held in several locations in MA and NH and also via Zoom! Meetups are FREE & PUBLIC networking event tailored to anyone interested in the \[…\]
Free
Apr
20
2022
[](https://www.ablfunding.com/event/pints-and-properties-worcester-ma/ "Pints And Properties – Worcester MA")
P&P meetups are monthly events held in several locations in MA and NH and also via Zoom! Meetups are FREE & PUBLIC networking event tailored to anyone interested in the \[…\]
Free
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Asset Based Lending Scholarship
At ABL, our commitment to financial literacy and continuing education extends beyond simply evaluating projects with our borrowers. Therefore, we’re proud to offer a scholarship program for students in the process of pursuing a college degree in a real estate for financial services related field. The awarded student will receive $1,000 to be used towards expenses for his or her degree.
**Who may apply?**
U.S. citizen accepted to or currently attending a college or university within the United States. The winner will be required to provide proof of acceptance to your college or university, or a college transcript.
#### Deadline:
Applications must be submitted via the web form by August 1, 2021.
Winners will be announced on or around August 15, 2021, notified by email, and listed here.
#### Previous Recipients:
**\[2020\] Star Enonuya**
_University of Illinois at Chicago_
**Application Form:**
Name(Required)
FirstLast
Email(Required)
Address(Required)
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Current Employer
If Applicable
College You Are Attending(Required)
College Address(Required)
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
College Transcript
Accepted file types: pdf, Max. file size: 128 MB.
Resume
Accepted file types: pdf, Max. file size: 128 MB.
If Applicable
Tell Us About Yourself(Required)
Signature(Required)
By signing above, I certify all information is true and correct to the best of my knowledge.
93697
Δ
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
Transforming Neighborhoods
& Building Relationships
From The Ground Up
[Experience The ABL Difference](https://www.ablfunding.com/why/#Difference)
2
#### Years Working With Investors
92
#### 5-Star Reviews
1,163
#### Deals Funded
0
#### Funds Disbursed
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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[Watch on](https://www.youtube.com/watch?v=81_7T1msqzk&embeds_referring_euri=https%3A%2F%2Fwww.ablfunding.com%2F)
0:00
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•
[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
### [Borrower Testimonial - Harry](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What’s it like to start working with ABL on your first real estate investment, and then turn it into your full time career with ABL as your financing partner? Listen to ABL borrower Harry A talk about his experience with ABL by his side.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
The ABL Difference - Asset Based Lending - YouTube
Asset Based Lending, LLC
584 subscribers
[The ABL Difference - Asset Based Lending](https://www.youtube.com/watch?v=xGrQVcFfl3g)
Asset Based Lending, LLC
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0:00
0:00 / 4:16•Live
•
[Watch on YouTube](https://www.youtube.com/watch?v=xGrQVcFfl3g "Watch on YouTube")
### [The ABL Difference](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What makes ABL different from other hard money lenders? We care. We care about our borrowers, we care about our company, and we care about our community. We’re there with the cash you need, when you need it.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Reviews - Mike L - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Reviews - Mike L](https://www.youtube.com/watch?v=w0vx2GkQyak)
Asset Based Lending, LLC
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•
[Watch on YouTube](https://www.youtube.com/watch?v=w0vx2GkQyak "Watch on YouTube")
### [Borrower Testimonial - Mike](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
“I’ve basically thrown everything in the kitchen sink at these guys, and they’ve always found a way to handle it”. Full time real estate investor and ABL borrower, Mike L, shares his experience working with ABL on 20+ projects in his first year of doing business with us.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Previous](https://www.ablfunding.com/why/#) [Next](https://www.ablfunding.com/why/#)
[1](https://www.ablfunding.com/why/#) [2](https://www.ablfunding.com/why/#) [3](https://www.ablfunding.com/why/#)
### Asset Based Lending’s Promise To You
#### Speed
We promise to move as quickly as you need us. Our team will jump through hoops to make your closing happen. Our record is 48 hours!
#### Access To Underwriters
Our underwriters work side-by-side with company owners to provide flexible terms tailored to your project; every borrower gets to speak directly to the person responsible for approving their loan.
#### Availability
We’re here for you when you need us – whenever that may be. That’s why our loan officers are always available to take your calls.
#### Local Support
With local experts on the ground, we apply common-sense underwriting that takes your area’s nuances into consideration. We know the market and have a trusted vendor network.
#### Relationships Matter
We’re not here to simply fund your deal and move on. We’re building relationships and transforming neighborhoods through superior service and advice.
#### Don't Take Our Word For It
Take a look at these [**verified reviews from real borrowers**](https://www.ablfunding.com/about/reviews/), and then give us a call to speak with a local loan specialist and feel the difference for yourself.
## Close In 10 Days Or Less. See Why Investors Rely On ABL.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
Review Title
Review Content
Real Reviews From Real Borrowers
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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Get Started
[](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[](tel:1-201-942-9089)
[Call Us Now](tel:1-201-942-9089)
[](https://www.ablfunding.com/about/contact-us/)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Residential Transition Loans (RTL Loans)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 2, 2024 \| [Cash Out Refinance](https://www.ablfunding.com/blog/category/cash-out-refinance/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Investing in real estate is a great way to build long-term wealth. But unless you buy a turnkey property, it usually involves some transitional work, such as renovation or construction.
Fortunately, you can finance capital-intensive construction projects with residential transition loans (RTLs). In this article, we’ll cover what they are, when to use them, and how to get one.
## What Is a Residential Transition Loan (RTL Loan)?
A residential transitional loan (RTL loan) is a short-term bridge loan designed to bridge the gap between when a property is first purchased and when it is resold or leased 12–18 months later.
Typically, investors use this time to [construct or rehab a home](https://www.simsbuilders.com/blog/renovating-your-home-vs-building-a-new-home) while making interest-only payments. That’s why it’s often called a [fix-and-flip loan](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) or [new construction loan](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
Once the loan balance is due and the project is complete, the loan is paid off or refinanced.
## When to Use a Residential Transition Loan
A residential transition loan can help in many scenarios:
- [**Fix and flips**](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) **:** Renovating a distressed property to sell for a profit
- [**New construction**](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) **:** Building a new house on vacant land
- [**BRRRR strategy**](https://www.ablfunding.com/loan-programs/rental-loans/) **:** Renovating a distressed property to rent out
- [**Cash-out refinance**](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) **:** Extracting equity from an existing property to invest elsewhere (e.g. other property purchases or renovations)
- **Time-sensitive acquisitions:** Securing property quickly to beat the competition while you arrange for long-term financing
## Benefits of Residential Transition Loans
Residential transition loans have many benefits:
### Fast and Flexible Funding
RTL lenders process loans faster than traditional banks. This is because they face fewer regulations and prioritize the value of the collateralized property over the borrower’s income or credit (though these may still be factors).
For example, ABL pre-qualifies borrowers within a day and funds them in as few as three days, making it easier for borrowers to seize deal opportunities before they disappear.
### Scale Your Portfolio
RTL loans let you scale your real estate portfolio faster. Instead of waiting to buy your next property until you have enough cash, you can secure it for a fraction of the cost.
Then once you’ve stabilized the property, you can put the property’s rental income or equity toward another down payment and repeat until you’ve amassed a real estate empire.
### Maximize Potential Returns
A residential transition loan can boost your investment returns. For example, assume a fix-and-flip property costs $100,000 and resells at $200,000 after $50,000 in renovation costs for a $50,000 profit.
By financing the deal with an RTL loan, you can earn a $50,000 profit while risking less money. Instead of paying $150,000 upfront, you could pay only $30,000 (20%), increasing your return on investment.
## How to Get a Residential Transition Loan
Now that you know the main benefits of residential transition loans, here’s how to get one:
**1\. Pre-qualify:** This is a preliminary step to see if your planned project meets a lender’s basic criteria. It involves filling out a pre-qualification form with important details about you and the project. ABL offers 100% confidential pre-qualifications with no obligation or effect on your credit.
**2\. Apply:** Once pre-qualified, you can fill out a loan application. This involves providing a more detailed investment and exit plan along with additional documents, such as property records, income statements, credit reports, etc. The lender will also likely commission a property appraisal.
**3\. Close:** If approved, you can close on the RTL loan. This typically happens at the same time you close on the property purchase. Carefully review all the closing documents before signing on the dotted line.
**4\. Collect:** Finally, it’s time to collect loan funds—either as a lump sum or in installments according to an agreed-upon draw schedule (often tied to construction milestones). Meanwhile, you’ll be expected to make regular (interest-only) loan payments before paying off the loan at maturity.
## Best Practices for Residential Transitional Loans
Here are some tips to get the most out of RTL loans:
### Use a Loan Calculator
A real estate project’s viability depends on many variables. Use a [loan calculator](https://www.ablfunding.com/hard-money-loan-deal-calculator/) to estimate the investment’s return assuming certain project costs, loan terms, and an after-repair value. Be careful not to overleverage your position by taking on too much risk.
### Find a Reputable Lender
Shop around for an RTL lender with positive reviews from past clients. For example, ABL has over 500 5-star reviews from satisfied borrowers.
### Compare Loan Terms
RTL loans can vary widely in their loan terms, interest rates, down payment requirements, fees, etc. To ensure you get the best deal, compare options. For example, some lenders may charge a prepayment penalty, while others like ABL don’t.
### Have a Clear Strategy
Lenders want to see that borrowers have a clear exit strategy, i.e. a plan to sell or refinance the property once the RTL loan matures. By providing a detailed exit plan (or plans), you’re more likely to get approved for a loan with favorable terms.
### Prepare for Setbacks
It’s not uncommon for real estate projects to get delayed or run over budget. To avoid running out of funds or time, give yourself a cushion. Create a contingency budget and plan to finish the project before the loan matures in case you run into unexpected roadblocks.
### Work with Experts
Take advantage of the expertise of professional contractors, real estate agents, and private lenders like ABL. They can help steer you in the right direction and set realistic expectations for project costs, timelines, after-repair values (ARVs), etc.
## Partner with a Trusted RTL Lender Like ABL
Make your next real estate deal a success by partnering with a trusted RTL lender like ABL. We offer asset-based loans for fix-and-flip, new construction, and [cash-out refinance](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) projects. Loan terms are 12 months, with loan sizes ranging from $100,000 to $3.5 million or more.
[Contact us](https://www.ablfunding.com/about/contact-us/) today to learn more about our loan terms and [pre-qualify](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) within 24 hours!
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[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
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# Michigan
## Fix and Flip, New Construction, Cash Out/Refinance
Asset Based Lending is the premier hard money lender for Michigan real estate investors, boasting over twelve years of lending experience and more than $2B in originations. We work with real estate investors of all experience levels for multiple investment strategies including fix and flips, new construction, [cash out refinancing](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/), and loans for rental property. Our team specializes in closing deals quickly, approving loans as fast as 24 hours and closing loans in 10 days on average.
ABL loans are fully serviced in-house, from the underwriting to the draw management, so our team can promise you a five-star experience from your first call through your final payoff. As experts in the local Michigan real estate markets, we make sure to offer the best possible loan to match your exit strategy. We understand that a new construction investment in Grand Rapids needs to be handled differently than a fix and flip in Detroit, so our borrowers can trust we have their specific project in mind. Fast closings, flexible underwriting, local knowledge, and a streamlined loan process- that’s the ABL Difference. Contact us today to be approved for your Michigan hard money loan.
## The Most Reliable Hard Money Lender in Michigan
Asset Based Lending started in 2010 as a local hard money lender in Jersey City, New Jersey. After ten years and $2B in projects funded, ABL is now the premier direct lender for real estate investors across the country. As trusted and experienced hard money lenders for Michigan real estate, we pride ourselves on the strong business relationships we’ve built with the best local appraisers, attorneys, and title agents in the Michigan real estate markets. These relationships help us deliver a smooth and easy loan process from start to finish, so you can focus on your project while we focus on everything else.
As investors ourselves, we understand what borrowers need to close their loans and complete a successful real estate investment. ABL uses flexible underwriting and quick closings to provide the most reliable hard money loans for Michigan real estate investors. We value transparency, with no hidden fees or surprise costs at any point of the loan and direct access to decision makers whenever you have a question or concern. With and more than half of our borrowers returning for repeat business, its clear that Asset Based Lending is the best hard money lender Michigan has to offer.
**Prequalify Today** [Get approved for your next project](https://archive.abl1.net/loan-programs/loan-pre-qualification/), or learn more about our various loan programs below:
- [Fix and Flip](https://www.ablfunding.com/where-we-lend/michigan/michigan-fix-and-flip-loans/)
- [New Construction](https://www.ablfunding.com/where-we-lend/michigan/michigan-new-construction-loans/)
- [Rental Loans](https://www.ablfunding.com/where-we-lend/michigan/michigan-rental-loans/)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/michigan/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net)View Bio
**ABL Lends in:**
ABL lends in all of Michigan, pending property and borrower underwriting
Torin Francis
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Coming Soon.
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Loan Officer
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They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
MI Real Estate Market Highlights
#### AVG HOME SALE PRICE
$275,000
+7% YOY, April 2022
#### AVG DAYS ON MARKET
13 Days
April 2022
#### INCREASE IN NEW CONSTRUCTION
\+ 42%
Q1 2022
#### AVG FIX & FLIP REVENUE
$46,380
2020
#### POPULATION GROWTH
\+ 4%
2010 – 2020
#### HOMES SOLD
13,112
April 2022
Recently Funded Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/michigan/#) [Next](https://www.ablfunding.com/where-we-lend/michigan/#)
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Michigan Hard Money Loans For Real Estate Investors
### Quick Closing Fix and Flip Loans
Asset Based Lending offers fix and flip loans to real estate investors that know how to turn the ugliest house in the nicest neighborhood into a gorgeous piece of real estate and sell it for a profit. We designed these 12-month bridge loans to allow fix and flip investors a chance to reliably finance their projects, letting them remain competitive in the marketplace with fast closings and flexible loan options. Whether you’re working on a single-family flip in Grand Rapids or rehabbing a Detroit multifamily before selling it at a profit, Asset Based Lending is here to help.
As investors ourselves, we understand that speed and reliability are what investors need from private hard money lenders in Michigan, so we specialize in closing deals as quickly as 10 days or less with loan approval in just 24 hours. We offer flexible underwriting for our flip loans so borrowers can choose lower interest rates, maximum leverage, zero points, or another option that suits their needs. ABL flip loans provide funding up to 90% of property purchase price and 100% of the rehab costs. Whether you’re flipping your first property or are a full-time flipper, our hard money loans are ready to finance your next success. Click here to learn more about our Michigan [fix and flip loans](https://archive.abl1.net/loan-programs/fix-flip-hard-money-loans/).
### Reliable New Construction Loans for Experienced Investors
[New construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) is on the rise in Michigan, with over a 40% increase in new builds at the start of 2022. With housing inventory at an all-time low and demand for property continuing to rise, now is the time for real estate investors to strike. ABL offers [hard money loans](https://www.ablfunding.com/loan-programs/) for new construction to experienced builders & developers, partnering with seasoned professionals who understand their scope of work. These new construction loans allow investors to borrow up to 90% of the land value and 100% of the construction costs.
ABL tailors each new construction loan to match the specific project, providing loan flexibility that’s unmatched by other private [hard money lenders](https://www.ablfunding.com/) in Michigan. We assess the investor’s experience level and viability of the proposed build to ensure the deal is profitable for all parties, making sure our borrowers never find themselves in a bad loan. Click here to learn more details about our MI new construction loans.
### Rental Loans For BRRRR Investors
Asset Based Lending is proud to offer simple and reliable rental loans for [BRRRR](https://www.ablfunding.com/brrrr-calculator/) and Michigan real estate investors. These private rental loans are designed for buy and hold investors looking to secure 1-8 unit properties. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. With so many different investor strategies, ABL focuses on providing a variety of loans to our borrowers including 30-year amortization, ARM, and interest-only options.
As a direct Michigan hard money lender, ABL is able to provide single rental loans up to $3M and rental portfolio loans up to $3M. We offer these loans to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We focus on the local MI real estate markets, understanding the different trends and helping our borrowers make informed decisions on ther investments. If you’re ready to grow your real estate business with our Michigan [rental loans](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/north-carolina-rental-loans/), contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
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# A Guide to Building a Residential Construction Draw Schedule Template
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 13, 2025 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Building or flipping a home can be a lucrative investment, but the high upfront cost typically requires partnering with a fast, flexible lender like ABL. To ensure you get the funds you need when you need them most, construction projects follow a [draw schedule](https://buildbook.co/glossary/draw-schedule).
Read on to learn what a residential construction draw schedule template looks like, how it works, why you should have one, and best practices for making it effective.
## What Is a Residential Construction Draw Schedule Template?
A residential construction draw schedule is a timeline for when loan funds will be distributed to you as the project owner. Typically, each payment or “draw” is tied to a construction milestone, such that the total loan amount is spread across the span of the project.
## How a Residential Construction Draw Schedule Works
To establish a draw schedule, you must collaborate with your lender and any contractors, investors, or other stakeholders. The final schedule should clearly define draw amounts, construction milestones, and other loan disbursement terms.
From there, you can submit draw requests after completing each agreed-upon construction milestone (e.g., finishing the foundation or framing). Keep in mind that you may need to include documents showing your completed work (invoices, photos, etc.) and pass a job site inspection.
As each draw request is approved, you’ll see more money hit your bank account to help fund the next construction phase. The cycle then repeats until the project is complete and all outstanding loan funds have been released.
## Benefits of a Residential Construction Draw Schedule
Implementing a robust construction draw schedule has many benefits:
### Minimize Financial Risk
By tying payments to construction milestones, draw schedules limit the financial risk of everyone involved. They ensure you as the investor can compensate contractors for work completed, and they protect lenders by not requiring them to extend and risk the full loan balance upfront.
### Stay on Budget and on Schedule
A draw schedule can motivate you to stay on schedule. If construction falls behind, so do your payments. Furthermore, you’re less likely to go over budget if you carefully plan out costs upfront and track them as you go.
### Predict Cash Flows
The predictable cash flow that comes with a draw schedule helps you better plan when to buy materials and pay subcontractors, streamlining business operations.
### Improve Accountability and Business Relationships
Incremental loan disbursement helps keep you and other stakeholders accountable throughout the construction lifecycle, building trust and lasting business relationships. For example, many ABL borrowers are long-time partners who’ve used our [loan programs](https://www.ablfunding.com/loan-programs/) to fund multiple projects.
* * *
## How to Create a Residential Construction Draw Schedule
Now that you know how residential construction draw schedules work and why they’re important, let’s dive into the steps to create one.
### 1\. Determine the Total Project Budget
The total project budget is simply the loan amount you are approved for (plus any funds you bring to the table). For example, ABL can finance up to 85% of the upfront cost on a [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) or up to 70% of the land value on a [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) project.
### 2\. Create a Schedule of Values (SOV)
A schedule of values (SOV) is an itemized list of all the tasks within a construction project, along with their corresponding costs or values. This can include everything from permits to paint. The more granular the SOV is, the better. Just make sure the total cost stays within budget.
**_Pro Tip:_** _Some lenders withhold a percentage of each draw amount until the project is complete as a financial safeguard (aka retainage). Keep this in mind when budgeting._
### 3\. Spread the SOV Over the Project Schedule
With a complete list of construction line items, you’re ready to spread them across the project timeline. Consider how long various tasks will realistically take and ensure they align with an agreed-upon draw schedule.
### 4\. Review and Update the Draw Schedule as Needed
Finally, don’t be afraid to adjust the draw schedule as you go. Rarely do construction projects go exactly according to plan, so carefully monitor progress and make changes as needed.
## Residential Construction Draw Schedule Template
Of course, building a residential construction draw schedule from scratch can be time-consuming. Instead, why not start with a professional template?
Download ABL’s free construction draw schedule template from our [Document Library](https://www.ablfunding.com/loan-programs/document-library/):
**_Disclaimer:_** _ABL does not provide investment advice or guarantee that its draw schedule template is suitable for any particular project. The template is meant to be an example only._
* * *
## Tips for an Effective Residential Construction Draw Schedule
While every construction project is different, here are some best practices for designing an effective draw schedule:
### Plan for Setbacks
Delays and unexpected costs are common in construction, so set aside time and part of the budget (e.g., 5-10% of each draw) for contingencies to avoid disruptions.
### Communicate Often
While project changes are somewhat inevitable, you should never leave lenders and other stakeholders in the dark. Regularly update them on the project’s latest milestones and setbacks.
### Document Everything
To make draw approvals run as smoothly as possible, keep detailed records. These can include invoices, receipts, change orders, contracts, insurance policies, schedules, tax documents, etc. You never know when you might need them.
### Give Realistic Estimates
It may be tempting to promise speedy construction times and low costs, but it’s better to underpromise and overdeliver than to overpromise and underdeliver. Manage expectations by giving realistic estimates.
### Consult Professionals
Work with reputable lenders, attorneys, and contractors to craft a robust and fair draw schedule. Use everyone’s combined expertise to ensure it complies with local standards and regulations. This can save you a lot of time and money in the long run.
## Partner with ABL On Your Next Construction Project
Get your next construction project off the ground by partnering with ABL. We offer flexible fix-and-flip and new construction loans to investors just like you, and we’ll help craft an attractive draw schedule to support you through your entire project. [Contact us](https://www.ablfunding.com/about/contact-us/) today to learn more!
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
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[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
- 
[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# MBA Conference Happy Hour
## Are you attending the Mortgage Bankers Association Conference in Atlantic City?
Stop by our booth during the day, and then join us for drinks (and networking) at Coastal Craft Kitchen & Bar in Harrah’s.
**Meet us at booth #102**
Stop by and meet the team! Chat with Loan Officers and ABL’s Partners about our hard money lending programs for brokers and real estate investors.
**Let’s grab a drink**
Step away from the Blackjack tables to join us at Coastal Craft Kitchen & Bar (inside Harrah’s across from the Pool) for some drinks, food, and networking.
| | |
| --- | --- |
| #### Details | #### Venue |
| **Date:** April 10, 2019 | **Coastal Craft Kitchen & Bar** (inside Harrah’s across from the Pool) |
| **Time:** 6:30pm – 9:00pm | 777 Harrahs Boulevard
Atlantic City, NJ 08401
[\+ Google Map](https://www.google.com/maps?f=q&source=s_q&hl=en&geocode&q=777+Harrahs+Boulevard+Atlantic+City+NJ+08401+United+States) |
| **Cost:** Free | **Phone:** (201) 942-9089 |
**Let Us Know You’re Coming**
[](https://www.ablfunding.com/team/kevin-rodman/)
Kevin Rodman
Partner
[](https://www.ablfunding.com/team/paul-a-ullman/)
Paul A Ullman
Co-Managing Partner
[](https://www.ablfunding.com/team/daniel-a-leyden/)
Daniel A Leyden
Co-Managing Partner
[](https://www.ablfunding.com/team/daniel-a-leyden/)
Sofia Ramos
Loan Officer (NJ Team)
[](https://www.ablfunding.com/team/paul-a-ullman/)
Scott Davis
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Tawn Bradley
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5.0 star rating 08/05/24
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Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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Seth is great!
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Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
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5.0 star rating 07/18/24
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5.0 star rating 06/10/24
Got my deal done
A big thank you to Andrew and the whole team.
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Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
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Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
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I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
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I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
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Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
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Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
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Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
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Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
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5.0 star rating 08/05/24
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Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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# Should You Include Smart Technology in Your Fix & Flip?
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Sep 14, 2018 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Although smart tech is not yet expected in homes on the market, that shouldn’t deter you from making your next investment property smart enabled. Once upon a time, energy-efficient dishwashers and A/C were also considered luxuries in homes. Today, they are the standard.
## Why Build a Smart Home?
By developing a house that is compatible with smart tech and including some pre-installed smart amenities, you can [boost your profit potential](https://www.cta.tech/News/Blog/Articles/2015/April/4-Reasons-Why-Builders-Install-Smart-Home-Tech.aspx) and make your listing stand out. In 2014, 36% of builders reported increased profit potential by installing home theater pre-wiring or systems, 26% by installing monitored security, and 23% with structured wiring. As tech becomes more integrated with our day-to-day lives, the profit potential of installing smart systems – or at least wiring for them – is likely to go up.
It is reasonable that these upgrades increased the builders’ profit potentials, based on a [survey of millennials](https://www.ahs.com/home-matters/real-estate/smart-homes-grow-demand) that suggested 72% would pay $1,500 or more and 44% would pay $3,000 or more to make a home smart – no small price, especially considering the fact that many popular smart devices cost between $100 and $300 dollars. You could outfit a home with smart temperature regulation, lighting, and a full security system – as well as add a control device like Amazon Alexa or Google Home – for less than $1,000.
Another survey showed that 25% of millennials have at least one automated item and intend to add more to their household; additionally, 45% of all Americans have or plan to purchase at least one home automation product. The most popular products manage lighting, home security, and temperature.
As of the **[latest 2018 stats](https://www.statista.com/outlook/279/109/smart-home/united-states)**, there are currently 40.3m smart homes in America – a 21.4% year over year increase from 2017. The smart home industry is projected to grow between 14.9% and 17% in the coming years; by 2022, experts predict that smart tech will have a market volume of $34.6MM and 53.1% household penetration.
### How To Build a Smart Home System
**Pre-Wire for WiFi** Today, many builders and [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) investors are pre-wiring [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) for WiFi. Thinking about how and where consumers will use smart tech in a house allows builders to design wiring structures that eliminate dead spots and broadband overloads. Additionally, when renovating your fix & flip, be sure to install plenty of outlets with standard plugs, USB chargers, and Ethernet ports to accommodate all types of devices.
**Design an Open Floor Plan** Keep the floor plan open so homeowners can minimize the number of command centers they need for house-wide connectivity. The more closed doors and walls, the more command devices they need to ensure that their instructions are heard from any location.
**Choose Smart Devices Carefully** The market has a lot of big names in each domain of smart tech and you should research the pros and cons of different devices before choosing which to install. It is also wise to refrain from purchasing items that largely rely on personal preference.
For example, one device you should not purchase for your buyer is the home command system. With Amazon, Google, and Apple all offering smart home hubs, it is impossible to predict which option the future owner will prefer. Some of the best new hubs even come from outside of these three big names – Wink and Samsung both offer highly-rated central control devices. You can choose a hub to set up as a demo – and maybe even offer to throw it in for free if the buyers are hedging on the price – but a command device is best chosen by the actual owners.
Since it’s not clear what the ultimate financial benefit will be, you don’t want to over-invest in smart infrastructure. The most established benefit of smart tech is that it helps move homes faster. For example, according to Redfin, smart homes in Malibu California sold 61 days faster than the area’s average last year.
To make the home smart without drastically increasing your budget, focus on creating the most utility with the devices you choose. One or two luxury smart items, such as a hidden TV or a voice-lighted mirror in the bathroom, can help your home stand out, but be weary of overspending. Expensive features like smart refrigerators and laundry appliances are often prohibitively expensive and not as in-demand as basic features like lighting, security, and temperature control.
## Popular Smart Home Devices
Three of the most in-demand – and affordable – smart features are the Nest learning thermostat, the Ring video doorbell, and the Philips Hue smart lights.
**[Nest Learning Thermostat](https://nest.com/thermostats/nest-learning-thermostat/overview/)** The Nest Learning Thermostat connects with your smartphone and learns your habits so that when you are away from home, it saves energy by increasing or decreasing the ambient temperature. Nest learns your temperature habits: if you turn the temperature down before you go to sleep a few days in a row, Nest will automatically shift the temperature setting around the time you typically head to bed. If you tend to turn up the temperature when you wake, the device will turn on the heat while you eat breakfast. You don’t even need to be home to adjust the temperature – you can do it remotely with the Nest app.
This device saves your time and reduces your energy bill; an independent study found that Nest reduced heating costs by 10%-12% and cooling costs by 15%. Because of its impact on home energy use, Nest is the first ENERGY STAR certified thermostat. The device costs $249 and generally pays for itself in two years.
**[Ring Video Doorbell and Security](https://ring.com/)** Ring started out with their popular smart doorbell and soon expanded into the general smart security industry. They now sell a variety of video doorbells, security cameras, and security systems – all of which can be controlled from the same app.
Starting at $99.99, the doorbell notifies you when someone is at your door and lets you speak with the visitor through the device – whether you are home or not. The Ring Alarm is $199 and comes with a base station, keypad, contact sensor for doors or windows, a motion detector, and a range extender so your base system can reach farther in your house. You can get notifications when someone comes to the door, when someone opens a window or door, and when there is motion inside of your house. Security-conscious buyers can expand the system after they purchase the home with Ring cameras, starting at $199, and view live footage of their property.
**[Philips Hue Lights](https://www2.meethue.com/en-us)** Since you likely need to purchase light bulbs anyway, you can splurge a little on the Philips Hue lights in select rooms like the bedroom and den. Show potential buyers how simple it is to control the lights – they can use a smartphone to turn the lights off easily from bed or completely darken the den when they’re about to put on a family movie.
Hue offers three different bulb options for your home: white, white ambiance, and white and color ambiance. For your smart home investment purposes, all you really need is the Philips Hue White starter kit and perhaps a few extra bulbs. The starter kit is $99.99 and comes with four bulbs and a bridge for light management which will allow the owners to manage future bulb purchases, as well.
If you leave home and forget to turn the lights off – or are away and want to make it seem like you are home – you can switch them on or off remotely from a smartphone app. Additionally, you can set timers so your lights automatically turn on when you come home and turn off when you leave and dim the lights from the app or with voice commands to an Amazon Alexa, Apple HomeKit, or Google Home.
## Risks of Smart Home Design
While smart house design is becoming more prevalent and appreciated, there are still pockets of the market that are opposed to intense modernization. If buyers are looking for a traditional home, smart features will likely clash with the old-timey charm of your investment property and turn off old-fashioned buyers.
Additionally, there are so many different smart features that you may unintentionally cross the chasm between novelty and utility and end up spending cash you won’t recoup. Novel smart features will not have high returns in the same way that useful smart features do because less buyers expect them. Let the owners splurge on self-cooking and cleaning robots; focus on setting up a basic smart home interior design so that they can incorporate more niche tech later.
## Marketing Your Smart Home
**Focus on tech-savvy consumers** Most likely, the type of buyer who is interested in a smart home and willing to pay more for the amenities is already involved with advanced tech. To catch this tech-savvy buyer’s attention, focus on professional-looking video marketing for the best results. To get sweeping shots of the exterior of your property, consider hiring a videographer who works with drones. Drones can take beautiful shots of the lawn and neighborhood that an on-the-ground cameraman just can’t get.
Additionally, consider hiring a professional team to create a VR home walkthrough marketing video. This 3D walkthrough can serve both as a standard home walkthrough video for non-VR consumers but will have the added benefit of allowing individuals who already own VR headsets – and are therefore more interested in modern tech – to gain a unique visual perspective of your home.
**Set up smart features in advance** When customers buy the home, they may need to reset the devices to connect them to their own phones, tablets, or command centers; however, you still want to set the features up with your own device first so that you can demonstrate the full home capabilities to potential buyers. If realtors are showing your home, make sure that they are aware of how to control your smart home features and have access to the command device for the best sales pitch.
**Market to seniors** Comprising only 5.3% of the smart tech market, the 55-to-64-year-old crowd may not be as comfortable with home automation as their younger counterparts, but that doesn’t mean you should forgo marketing to this age group. Adults over 64 – who don’t even purchase enough smart tech to make it onto the market share list – have much to gain from home automation. For younger and middle-aged adults, it may be convenient to control the A/C, lighting, and home security while lounging on the couch, but it’s generally not a necessity; however, many older adults have limited mobility and need a better way to control the house if they want to continue living on their own into old age.
If you are targeting retirees with your investment projects, installing useful smart devices can give your property a leg up over the competition. Advertise the increased independence that comes with a smart home for the elderly – they can purchase and control devices to clean the house, monitor the home security, and adjust lighting and temperature controls, all from a single device like an iPad or a smart command center. If they have cash to spend, they can even purchase smart devices that cook dinner, wash and fold clothes, and feed pets automatically.
* * *
While smart homes are considered a luxury today, smart device market penetration increases every year. Home tech is improving, and inventors are constantly thinking of ways to make homeowners’ lives easier. As an investor, taking advantage of the low prices of simple and popular smart devices can provide an extra draw for buyers, offer more amenities to advertise your home, and increase the final sale price.
**Are you ready to get started?**
[Asset Based Lending](https://www.ablfunding.com/) is a local hard money lender in [New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/), [New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/), [Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/), [Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/), [Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/), [Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/), and [Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/). If you’re looking for funding for a real estate investment opportunity in one of these states, fill out an **[online prequalification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)** to see what ABL can do for you.
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# Ohio
## Fix and Flip, New Construction, And Rental Loans In Ohio
Asset Based Lending is the premier hard money lender for the state of Ohio, boasting over twelve years of lending experience and over $1 Billion in loan originations. We provide 12-month interest-only bridge loans for [fix and flips](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) and [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), as well as [cash out/refinances](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) and loans for rental property. Our goal is to help real estate investors scale their business quickly and effectively, providing reliable hard money loans across a variety of real estate asset classes. Each program has its own lending criteria, but they all come with the five-star service that Asset Based Lending is known for. As investors ourselves we developed our loan process to be fast and efficient, closing loans as fast as two days with the appropriate paperwork, so our borrowers never miss an opportunity.
We operate as a direct hard money lender with full control of our capital, allowing us to use flexible underwriting to tailor each loan to match your specific needs, whether you’re looking for the lowest interest rate, maximum leverage, zero points, or something else. The ABL team are experts in local real estate markets, understanding that a fix and flip loan in Cleveland needs to be handled differently from a new construction loan in Columbus. Whether you’re looking to partner with a long-term lender to scale your real estate business, or another lender dropped the ball and you need to close quickly, Asset Based Lending is here to help. Contact us today to discuss how ABL can finance your next success.
## The Best Ohio Private Hard Money Lenders
Asset Based Lending started as a local hard money lender in Jersey City, New Jersey back in 2010. Over 12 years and $1.3 Billion in projects funded later, ABL is now the premier direct lender for real estate investors in Ohio and beyond. Our team partners with the best local appraisers, attorneys, and title agents in the Buckeye State to ensure our borrowers receive a five-star experience from their first phone call to their final loan payoff. We work side by side with our borrowers to help them scale their business fast, providing them the capital needed to finish their projects and expand to new ones in the blink of an eye.
ABL specializes in quick closings and flexible underwriting, allowing us to close more deals than your average lender and work with a wider variety of investors. Since we focus on the asset and deal at hand, we’re able to work with investors of all experience levels, whether its your first fix and flip in downtown Cincinnati or you’re looking to use the [BRRRR](https://www.ablfunding.com/brrrr-calculator/) method with rental property in Columbus. Our approach is doc light, meaning we don’t need proof of income or other invasive financial documentation- just some basic proof of liquidity and credit score is all we need to approve your [hard money loan](https://www.ablfunding.com/loan-programs/) in Ohio. With a smooth, transparent loan process from start to finish that has led to hundreds of five star reviews, its easy to see that Asset Based Lending is the best hard money lender in Ohio. If you’re ready to be approved for your real estate investment loan, then contact us today.
**Prequalify Today**
Get approved for your next project, or learn more about our various loan programs below:
- [Fix and Flip](https://www.ablfunding.com/where-we-lend/ohio/ohio-fix-and-flip-loans/)
- [New Construction](https://www.ablfunding.com/where-we-lend/ohio/ohio-new-construction-loans/)
- [Rental Loans](https://www.ablfunding.com/where-we-lend/ohio/ohio-rental-loans/)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/ohio/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net)View Bio
**ABL Lends in:** ABL lends in all of Ohio, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Torin Francis
Loan Officer
Coming Soon.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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[Watch on](https://www.youtube.com/watch?v=81_7T1msqzk&embeds_referring_euri=https%3A%2F%2Fwww.ablfunding.com%2F)
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
“They’re more than just a lender to me,
They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
OH Real Estate Market Highlights
#### AVG HOME SALE PRICE
$211,500
+12% YOY, March 2022
#### AVG DAYS ON MARKET
32 Days
March 2022
#### TOTAL FIX AND FLIPS
4493
2020
#### AVG FIX AND FLIP PROFIT
$76,690
2020
#### POPULATION GROWTH
\+ 16%
December 2021
#### HOMES SOLD
114,772
+25% YOY Increase, Q2 2021
Recently Funded Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/ohio/#) [Next](https://www.ablfunding.com/where-we-lend/ohio/#)
[1](https://www.ablfunding.com/where-we-lend/ohio/#) [2](https://www.ablfunding.com/where-we-lend/ohio/#) [3](https://www.ablfunding.com/where-we-lend/ohio/#) [4](https://www.ablfunding.com/where-we-lend/ohio/#)
Ohio Hard Money Loans For Real Estate Investors
### Fast Closing Fix and Flip Loans
Asset Based Lending works with real estate investors that know how to take the worst property in the best neighborhood and turn it into a gorgeous home that sells for a much higher value. These types of fix and flips require fast and flexible financing to remain competitive in the market, especially with housing inventory at an all-time low. We offer 12-month interest-only bridge loans that help real estate investors finance the purchase and rehab of the property. ABL flip loans provide funding up to 90% of the property purchase and 100% of the rehab costs. Whether you’re working on your first Ohio fix and flip or you’re a full-time pro looking for additional capital, ABL is ready to finance your next success. Our team are experts in the local real estate markets, understanding that a rehab loan for a Columbus multifamily needs to be written than a single family fix and flip loan in Cincinnati.
As direct [hard money lenders](https://www.ablfunding.com/) in Cincinnati and more areas in Ohio, we have full control of our capital which allows us to offer flexible fix and flip loans. That means our borrowers can receive a loan that matches their investment strategy, whether that means a lower interest rate, maximum leverage, zero points, or something else that fits your business model. These rehab loans are designed for Ohio real estate investors to scale, increasing their number of flips per year and more important increasing their profit potential year over year. The more deals you do with Asset Based Lending, the better terms we can offer you, which means you can maximize your ROI by working with us. If you’re ready to grow your fix and flip business using the best Ohio hard money loans, then contact us today.
### Reliable New Construction Loans for Experienced Investors
Record-low housing inventory is an issue across the country, and Ohio is no different. There’s currently only a two month supply of inventory in the Ohio market- for reference, a real estate market is considered healthy and balanced if it maintains a minimum of three month supply of inventory. Builders and developers have an advantage over other real estate investors, as their projects are able to fill these inventory gaps in markets where demand is continuing to rise. Central Ohio is actually one of the most underbuilt metro areas in the country, meaning experienced builders who can secure lots in the area will be providing a great service to the market while reaping the rewards of rising house prices.
Asset Based Lending offers new construction loans for experienced builders and developers that want to scale their business. Our hard money new construction loans are only available to experienced investors, builders, and contractors who have recent experience with new construction. These new construction loans allow investors to borrow up to 90% of the land value and 100% of the construction costs. These bridge loans are designed to close quickly and provide the capital needed for new construction projects to to be acquired, completed, and sold in one streamlined process. If you’re looking for Ohio new construction loans that can help you grow your real estate business, then contact us today.
### Rental Loans For BRRRR Investors
Investing in rental property has become one of the most popular and accessible real estate investments, as it has a lower barrier to entry cost and is achievable for investors of all experience levels. Asset Based Lending provides simple and reliable rental loans that allows real estate investors to buy and hold properties across popular Ohio markets. Our rental loans start as low as 5% with leverage up to 80% and a variety of options to match your investment strategy. We provide rental loans for properties between 1 and 9 units across different housing types such as multifamily, condos, townhomes, single apartments, etc. ABL can work with you around your investment strategy to ensure that you receive a rental loan that matches your business plan.
These rental loans are designed for investors utilizing the BRRRR strategy, whether you’re just starting out with your first rental property or you have a current portfolio that you’re looking to expand. With a single loan cap of $3M and portfolio loan cap of $3M, we can help investors who are at different points of their investment business. ABL rental loans can be used for various lease lengths as well, meaning investors could use these as Airbnb loans if that matches their end goal. If you’re ready to grow your real estate business with our Ohio [rental loans](https://archive.abl1.net/loan-programs/rental-loans/), contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# The Hard Money Lender Checklist and Guide
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 1, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
## How to know if you are working with a [reputable hard money lender](https://www.ablfunding.com/about/testimonials/).
For real estate investors searching the internet for [hard money lenders](https://www.ablfunding.com/) to fund their deals, it is often difficult to separate the reputable private lenders from the ones with questionable backgrounds and tactics (or are not even direct lenders at all). At the same time, many investors base their research entirely on the cost of the financing instead of analyzing the true differences between firms. The cost of doing business with a hard money lender is more than just interest rates and points – the right lending partner can be influential in helping you turn a profit and scale your business.
**To help investors identify the right hard money lending partner for their business, there are a few questions that should always be asked. Read our guide to lenders here.**
### What range of rates are offered by the hard money lender?
We’ll get this out of the way first, since it is often one of the first questions real estate investors ask a hard money lender the first time they speak. It is common for hard money lenders to charge an annual interest rate, with interest-only payments per month, and points paid at closing. In the current market conditions, qualified investors may find lenders offering interest rates ranging anywhere from 9%-15% with 1-6 points ( [see our rates here](https://www.ablfunding.com/loan-programs/)).
It is important keep in mind that a good hard money lender is about more than just rates and points, and slight differences in these costs can often be offset by added value elsewhere.
### How quickly does your hard money lender work?
In the [fix and flip business](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/), how quickly your lender operates can make or break your deal. Whenever distressed properties are in the mix and an investor is trying to acquire their next property at the right price, being able to secure funding and a [proof of funds](https://www.ablfunding.com/loan-programs/get-proof-of-funds-letter/) without delay is of the utmost importance. ABL has closed [hard money loans](https://www.ablfunding.com/loan-programs/) in as quickly as 2 days, and averages only 10.
The need for speed applies to more than just the closing process. Time sensitivity is important at many instances throughout the deal, such as scheduling inspections, wiring funds for draws, and generating payoff requests.
### What about pre-payment penalties?
The speed with which you can complete your project is just as important as the speed that your hard money lender operates at. Depending on your level of experience flipping or building houses, you may not need the full 12 months of the loan term to complete the project and payoff your loan. Most reputable hard money lenders appreciate borrowers that can complete the project on time (or early) and will not charge any fees or penalties if you decide to payoff early.
### Is your hard money lender transparent with their fees and underwriting?
For an investor, having a hard money lender hit them with hidden fees or last-second changes in the loan terms can be extremely disruptive. A reputable hard money lender is completely transparent from the start about any fees the investor is responsible for, what the terms of the loan being negotiated are, and what circumstances might cause them to change.
At ABL, before any fees are paid to us, a Loan Terms Summary is generated. This document contains all of the costs involved in the loan, as well as a breakdown of the loan terms that both parties have agreed on. If a hard money lender refuses to operate in a similarly transparent manner, it could be an indication that they are noncommittal or preparing to change the terms down the line.
### Does your lender care if you make money?
The unfortunate truth is that not every deal is a winner, and the right hard money lending partner should care about you making money – not just them. Your lender’s Loan Officers and Underwriters should be honest with you about the profitability of a deal and the likelihood of your coming away in the black. We’ve taken it a step further, and built a [hard money loan calculator](https://www.ablfunding.com/hard-money-loan-deal-calculator/) to help our borrowers estimate and visualize the true profitability of a deal before they take the risk.
* * *
At Asset Based Lending, we firmly believe that operating in a professional and transparent manner is essential to building a long term relationship with our borrowers and solidifying ourselves as one of the premier hard money lenders in the region. We invite you to learn more about [our lending process](https://www.ablfunding.com/about/how-we-work/), as well as [hear what some of our previous borrowers have to say](https://www.ablfunding.com/about/testimonials/).
Or, if you have a deal that you’re ready to discuss with us, we’d love to help you fund it.
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Washington DC
## The Best Private Hard Money Lender In Washington DC
ABL has been lending in the District since 2013 and have since become the most reliable [hard money lender](https://www.ablfunding.com/) for Washington DC real estate investments. We provide twelve-month, interest-only bridge loans in DC for financing [fix and flips](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/), [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), [cash out/refinances](https://www.ablfunding.com/loan-programs/), and [rental portfolios](https://www.ablfunding.com/loan-programs/rental-loans/). DC has some of the most expensive and competitive urban real estate in the country so local investors need to be smart and act fast, which ABL is ready to help with.
We are private hard money lenders in Washington DC that are control of our own funds, which means we can provide fast (prequalification within 24 hours and loan closing in 7-10 days) financing for your project. We pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the real estate industry to provide our borrowers the five-star service they deserve.
## Flexible Loans in Washington DC for Local Real Estate Investors
Our team understands the local real estate markets that we lend in, so we’re able to provide expert advice throughout the loan process to help your investment succeed. We fund real estate investments in every neighborhood of DC, allowing investors to freely pick which part of the district they want to focus on.
ABL has been financing successful real estate investments for over a decade, working with experienced investors and first-time investors alike. We offer flexible underwriting that tailors your loan in Washington DC specifically to match your project rather than plugging your investment into a predetermined loan template. With aggressive loan programs loan programs, flexible underwriting, and world-class service, ABL is the premier choice for [hard money loans](https://www.ablfunding.com/loan-programs/) in the District.
**Prequalify Today**
[Prequalify for your loan today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) or call us at (201) 942-9089. Approval within 24 hours. Our private money loans in Washington DC can help fund your next investment with the following programs:
- [Fix and Flip](https://www.ablfunding.com/where-we-lend/washington-dc/fix-flip-loans/)
- [New Construction](https://www.ablfunding.com/where-we-lend/washington-dc/construction-loans/)
- [Rental Loans & Refinancing](https://www.ablfunding.com/where-we-lend/washington-dc/washington-dc-rental-loans/)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/washington-dc/#)
**ABL Lends in:**
Hard money loans in Washington DC
Maryem Haddoumi
Loan Officer
Coming Soon.
Success Story
**Upper Marlboro, MD**
Light rehab of single family detached home in suburban stable neighborhood.
**Purchase Price:**
$139,000
**Renovation Budget:**
$10,000
**Loan Amount:**
$121,000
**Loan Structure:**
12 Months Interest Only
**Sale Price:**
$246,500
[View Case Study](https://www.ablfunding.com/casestudy/upper-marlboro-md-fix-flip-loan/)
The Most Trusted, Best Private Hard Money Lenders in Washington DC
## Financing Your DC Fix And Flip Or New Construction
DC continues to be a steady choice for real estate investments given the nature of the area- population growth and raising wages are consistent, making it a competitive yet reliable market for investing. Fix and flips, as well as new construction, are plugging holes in the inventory shortage and taking advantage of the hot seller’s market. As of December 2020, the average home sale price in DC is $640,650 which is approximately a 2% from the previous year and a slight drop from the 5-year-high from the month before. The number of homes sold throughout December reached 930 which is over 20% increase from the previous year, with homes staying on market for an average of 39 days.
## Rental Investments In The District
Asset Based Lending offers term rental loans for 1-4 family properties in Washington DC. These private DC rental loans are highly competitive with rates starting as low as 5% and leverage up to 80% LTV. We provide a variety of loan options to benefit our borrowers including 30-year amortization, ARM, and interest-only options. Our flexible underwriting and unique capital structure allows us to offer single rental loans up to $3M and rental portfolio loans in DC up to $3M. With our doc-light approach and five-star customer service, buy and hold investors benefit from these Washington DC rental loans.
The District has always been a hot-spot for rental investments and that continues today. The regular influx of new residents allows for a healthy rental market with the average vacancy rate for 2019 being 5% and over 56% of the population renting rather than owning home. The average monthly rent for the area is $2,063, which is approximately 50% higher than the national average. If you’re an investor that wants to secure their first rental property or are looking for another buy and hold to add to your rental portfolio, Washington DC is a prime location to scout.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Tips For Flips
## 21 Tips In 21 Days: Start Your Real Estate Education
**What’s so good about Tips For Flips?**
- We analyze 3,000 deals each year, and this is what we learned
- Build your real estate knowledge with 1 bite-size tip daily
- It costs nothing. Just tell us where to send the emails.
## Fix & Flip Tips – Real Estate Investing Advice
If you’re interested in getting involved in real estate investing, you’ll find that there is a lot to learn! Real estate investing is not quite as simple as you see on TV, and savvy investors conduct extensive due diligence before getting started. It’s a good idea to give yourself a solid education before purchasing your first investment property, but that doesn’t mean spending a lot of money on expensive seminars and training classes.
As a company that works with investors ranging from experienced [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) professionals to first time investors, we’ve always encouraged our borrowers to educate themselves as much as possible – attending real estate meetups, REIAs, watching YouTube videos, and even calling our Loan Officers to review numbers and discuss deal scenarios.
In an effort to help our new investors get a head start on their real estate education, Asset Based Lending is excited to announce 21 days of Tips for Flips! Our goal is simple: to help people improve knowledge of real estate investing through small, bite-size pieces of advice! Our plan is to provide easily executed best-practices for investors who are serious about learning more about the world of real estate investing. Whether you are interested in becoming a fix and flip investor, or a buy and hold professional, there is something for you!
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
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Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
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Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
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Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
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Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
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MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
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MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
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Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
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Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
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Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
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Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
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Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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# Philadelphia Real Estate Networking
## Great food, cold drinks (open bar!), and the best real estate networking in Philadelphia.
Join Asset Based Lending on April 16th for a great evening of food, drink, and real estate networking. Whether you want chat with loan officers about existing deals you need funded, or simply mingle with other investors and industry professionals, this event has you covered.
#### Plus: small group sessions with ABL owners/underwriters
In addition to great networking, we’re offering small groups of interested investors the chance to sit down with an owner/underwriter from ABL before the event to get 1 on 1 answers to all of your questions. Get your information straight from the decision-makers! **Space is limited so reserve your spot now!**
#### Co-Hosted By:
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| #### Details | #### Venue |
| **Date:** April 16, 2020 | **Ladder 15** |
| **Time:** 6:30pm – 9pm | 1528 Sansom St, Philadelphia, PA 19102
[\+ Google Map](https://www.google.com/maps/place/1528+Sansom+St,+Philadelphia,+PA+19102/@39.9502685,-75.1691395,17z/data=!3m1!4b1!4m5!3m4!1s0x89c6c6301000e8a1:0xcc6e5b1c85e57cdc!8m2!3d39.9502685!4d-75.1669508) |
| **Cost:** FREE | **Phone:** (215) 964-9755 |
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#### Find Your Local Expert Support Team
Meet with all of the critical vendors your real estate project will need.
[](https://www.ablfunding.com/team/kevin-rodman/)
Kevin Rodman
Partner
[](https://www.ablfunding.com/team/paul-a-ullman/)
Paul A Ullman
Co-Managing Partner
[](https://www.ablfunding.com/team/daniel-a-leyden/)
Daniel A Leyden
Co-Managing Partner
[](https://www.ablfunding.com/team/kevin-rodman/)
Scott Davis
Loan Officer & Area Manager (PA, MD, VA)
[](https://www.ablfunding.com/team/paul-a-ullman/)
Susan Botros
VP of Sales (NJ)
[](https://www.ablfunding.com/team/daniel-a-leyden/)
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Branch Manager, Rental Loan Specialist
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# Fix and Flip in Sharon Hill Pennsylvania
# Fix and Flip in Sharon Hill Pennsylvania
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Sharon Hill, PA
**Purchase Price:** Owned free and clear
**Renovation Budget:** $85,000
**Loan Amount:** $115,000
**Cash Available for Purchase:**
**Cash Available for Renovation:**
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase And Rehabilitation
**ARV:** $275,000
Situation:
This investor approached ABL looking to rehab a property in Sharon Hill PA that was gifted to him several years ago by a loved one. Once the rehab is complete, the units will become Veteran housing where the VA will begin placing veterans in need of a place to live. The exit strategy is to refinance out of the loan with a conventional lender once the renovations are complete.
Get Started
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# Maximize Your Floorplan To Boost ROI
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 19, 2019 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
**When you walk around a potential fix and flip project, it’s just as important to take note of the floorplan as it is to notice any physical deficiencies.**
A house needs to have a comfortable and intuitive flow and the space needs to feel right for it to appeal to buyers. This includes things like room size and location as well as where items like closets or kitchen cabinets are placed.
You also need to pay attention to something called functional obsolescence, a term referring to outdated design or features that can be difficult to change. Have you ever walked through one bedroom to get to another? That’s functional obsolescence.
Other examples of functional obsolescence include a bathroom located on a different floor than the bedrooms, the lack of an entrance to the basement from the interior of a house, or a house that doesn’t match the neighborhood. The house might be a completely different style or a McMansion in a neighborhood of smaller ranch homes, for example.
The key is to identify those components that can be remedied within your rehab budget versus those that can’t.
According to REMODELING Magazine’s 2019 cost vs value report, material costs rose sharply in 2018 and resulted in a downward trend for all replacement projects. However, the report also noted that material costs tend to comprise a greater proportion of replacement projects than with larger indoor remodels, which it said have a higher percentage of labor costs.
With that said, we’ll look at ways to improve the interior — specifically, how to maximize the floorplan for the biggest return on investment.
Also note that this refers to floorplan, not footprint. The footprint will remain the same while the layout inside the house changes.
## Here, then, are some indoor remodels you can consider to improve your floorplan, appeal to more buyers, and boost your ROI:
**Remove A Wall**
One of the easiest ways to create more space and make the interior feel bigger is to open things up. You may not go the full open floorplan route, but many properties can be improved by taking down a wall or two.
One such example is to create a better flow between the kitchen and dining areas. Older homes tended to close the kitchen off from the dining room, isolating the person cooking from everyone else. Today’s buyers prefer a more open space, whether it’s for entertaining purposes or for keeping an eye on the kids.
You have a few items to pay attention to here. The biggest concern is determining whether the wall is load-bearing. You may need to hire a structural engineer to evaluate.
If the wall is load-bearing, your cost rises because you’ll need to install beams elsewhere to redistribute the weight. You may also need to make changes to the electrical and plumbing components. And in many cases, load-bearing or not, you’ll also have to fix a bare spot in the floor.
You should also evaluate cabinet space before removing a wall. It could be detrimental to remove a wall if you also remove most of the storage available for the kitchen. You’ll need to account for how the buyer will store plates and dishes as well as groceries, and you also want to keep the dishwasher and microwave. Make sure all components of a modern kitchen will fit in the space.
But if you can do so, removing a wall and opening up the space is one of the most dramatic and effective changes you can make. In this example, you might take the wall down in its entirety or create an island.
\[su\_panel background=”#c6e6ed” color=”#383838″ border=”1px none #cccccc”\]The ROI for removing a wall, according to Remodeling Image, is 54 to 60 percent. If the previous design was functionally obsolete, however, that number rises as you fetch a higher resale and spend fewer days on market.\[/su\_panel\]
**Create an Extra Bedroom**
A good rule of thumb for any rehab is to have a minimum of three bedrooms, which greatly expands your pool of buyers. Even if the third bedroom is small, it typically beats a two-bedroom.
If you’ve got a large open space available, you can create a bedroom fairly easily. Things to keep in mind include permitting — make sure the number of bedrooms is allowed — as well as electrical and installing at least one window for light as well as for egress.
With the electrical, check whether you can tie into an existing circuit or whether you’ll need to install a new one. You’ll also need the proper number of outlets to meet code, and an overhead light is usually more appealing than the need for a lamp.
The window will need to comply with code as well, so make sure your contractor is installing the proper size and style.
\[su\_panel background=”#c6e6ed” color=”#383838″ border=”1px none #cccccc”\]Remodeling Image reports that the cost to create a small room runs approximately $12 to $27 per square foot and that the ROI ranges from 50 percent to 65 percent. But for a rehabber, again, the ROI can be higher when you consider days on market and broader appeal.\[/su\_panel\]
**Add a Half Bath**
Similar to the extra bedroom, a half bath can greatly increase your pool of prospective buyers. A rehab with at least one and a half baths generally improves the house’s appeal.
The good news is that you don’t need much space for a half bath — just enough to comfortably fit a toilet and vanity.
Again, check for permits and for electrical and plumbing issues, as well as any exit and egress scenarios. The materials involved shouldn’t be expensive — toilets and vanities are quite affordable and even those from big box stores can look nice — so your main concern is the labor for your electrician and plumber.
And finally, make sure the location of the bathroom makes sense. If the only space you’ve got is adjacent to the kitchen, you might want to pass.
**Create a Master Bedroom**
A master bedroom can be an accessible feature even in a starter home rehab.
At its most basic, a master bedroom is simply the biggest bedroom. However, to add some buzz to the house (and to your sales listing), you can create a walk-in closet or add a bathroom as well. Some would consider these additions worthy of the term “master suite.”
You can create a master bedroom by removing a wall and enlarging a bedroom, if space allows; some reconfiguring is often needed.
Keep in mind the larger furniture and accessories that many people bring into their homes these days. Today’s buyer is more likely to have a king-sized bed and television set than the folks who originally occupied an older home, so you want to consider where those pieces will fit as you eye the space.
Older homes typically have small closets as well, so if you’re able, provide for a larger closet space. It might not be a walk-in closet, but enough space for his-and-hers, or two closets, is appealing.
**Basement Conversion to Living Area**
This is often a larger undertaking, but a finished basement can be another appealing feature. If the main living area is limited and difficult to change, consider the basement as a method to add usable square footage.
The project might be as simple as installing carpet or tile and painting the walls, or you might also add rooms. You’ll want to make sure the basement area isn’t too wet; waterproofing can be thousands of dollars and may not be worth the expense.
As with all rehabs, check comparable houses in the neighborhood for finished basements; if everyone has one, this could be a must-have. If they don’t, this is more of a nicety.
Again, you’ll need to consider permitting as well as electrical issues and be aware of code for exit and egress.
* * *
It’s important to keep both flow and functionality in mind with any of your rehabs, and to remember that significant improvements are often possible for less money than you might have assumed.
Take a little time to anticipate the needs and wants of your buyer, get creative when needed, and watch your ROI improve.
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# Meet Your DSCR Lending Team
by [Kerry Henderson](https://www.ablfunding.com/blog/author/kerry/ "Posts by Kerry Henderson") \| Oct 4, 2023 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/)
Real estate investors that utilize the buy and hold and BRRRR methods of investing are frequently on the hunt for lenders that can support their specific needs and goals. This often means they are comparing terms and rates from different lenders or searching for the right company culture to match their objectives. Finding a lender that behaves more like a [partner](https://www.ablfunding.com/why/) than a third-party service can be one of the most important pieces of achieving success in this industry, something ABL’s DSCR Team is certainly aware of.
Let us take a walk through Asset Based Lending and learn a little more about our dedicated [DSCR team](https://www.ablfunding.com/loan-programs/rental-loans/).
## Step 1: Originators
The first step in the DSCR loan process is to reach out to a Loan Officer to discuss the potential deal. Loan Officers, also known as Loan Originators, are responsible for gathering the information to create a profile of the borrower and the project. The borrower profile details their credit score, liquidity, and experience, while the deal profile tackles the cashflow of the property, location, and operating costs as a rental.
Loan Officers use this information to determine the debt service coverage ratio and the best loan ABL can extend. Once the DSCR is determined, the LO will work on building a few loan term options for the borrower. ABL’s flexible DSCR loan options include 30-year amortizing, adjustable rate, or interest-only options, among others, allowing LO’s the opportunity to be creative when sizing up deals.
During this stage of the process borrowers have the advantage of direct contact and an open line of communication with their LO. Having the space to discuss any questions and completely understand each option means borrowers are fully equipped with the knowledge needed for their deal to be successful. LO’s move as quickly as their borrowers to get to the closing table, often in 20 days or less, with each member of the DSCR lending team working in tandem to reach this goal.
After the borrower has taken the time to evaluate each DSCR loan scenario, our Loan Processors start putting each piece of the puzzle in place. The first step is to use the information from the Loan Officer to develop a term sheet to send to the borrower and a credit authorization form.
## Step 2: Processors
Borrowers will then officially agree to the loan terms by signing the term sheet and submitting the completed credit authorization form, allowing our team to run a credit and background check. As with the LO’s, the ABL Loan Processors are moving quickly to gather each puzzle piece to close loans. From the credit authorization form to the appraisal, our Processing Team stays on top of the details and third-party professionals, performing all the necessary follow-up to collect the [required documents](https://www.ablfunding.com/loan-programs/document-library/).
ABL’s Processing Team keeps the gears moving and the loan on track to close, all the while staying in close contact with the Loan Officer and borrower, maintaining transparency throughout the entire process.
## Step 3: Underwriters
While the ABL Processing team is gathering the required information to close the loan, that information is being reviewed by an Underwriter.
The Underwriter is responsible for taking the information collected by the Processors, like credit history, monthly rent, and appraisal details, and uses it to calculate the project’s profitability and manage the exposure for both ABL and the borrower. Having these calculations performed throughout the process and evaluated on a case-by-case basis allows our Underwriters to think outside the box. As with Loan Officers and Processors, Underwriters can button-up these details as fast as they come in, pivoting on a dime if the calculations shift and change based on new information.
With programs built for investors by investors, ABL has created a process from start to finish that prioritizes the borrower, their experience working with us, and their long-term goals for real estate investing. One way ABL helps our borrowers reach their goals is to approach each deal with the same sense of urgency that our borrowers do.
# Conclusion
The dedicated [DSCR team](https://www.ablfunding.com/loan-programs/rental-loans/) of Loan Officers, Processors and Underwriters at Asset Based Lending work in tandem to develop loan programs that are flexible and aggressive, opening the door for more opportunities for our borrowers, and helping them scale their business. Throughout the DSCR loan process ABL prioritizes speed, flexibility, and transparency, supporting each borrower and always being available to answer questions and find solutions.
For more information about ABL’s DSCR Loan Programs [contact us](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) today.
# 0 Comments
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### Recent Posts
- 
[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Leverage Your Rental Portfolio.
Join thousands of real estate investors across the country that
trust ABL to be their lending partner.
[One-stop-shop for BRRRR loans](https://www.ablfunding.com/loan-programs/rental-loans/#brrrr)
Up to 80% LTV
Rates as low as 5%
Rate locks available
Close in 30 days or less
Light documentation, no tax returns/income verification
Qualify on DSCR, not personal income
Direct lender, not a broker
[Learn More About Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/#moreinfo)
#### **Finance Your Rental Property**
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This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/loan-programs/rental-loans/#)
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
ABL Borrower Review — Chike - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review — Chike](https://www.youtube.com/watch?v=TyuveLR_Sfw)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=TyuveLR_Sfw "Watch on YouTube")
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=yX550_W9v9g "Watch on YouTube")
## Rental Property Financing Your Buy Rehab & Rent Strategy Deserves.
Are you wondering how to get a loan for a rental property? Asset Based Lending is proud to offer term rental loans for real estate investors. These loans provide funding for buy and hold investors that want to start or expand their rental investment portfolio. After a decade as the most reliable [hard money lender](https://www.ablfunding.com/) in the country, ABL has expanded into long term rental financing for 1-8 family properties. Our loans are written to match your specific project and can be structured with 30 year amortizing, ARM, or interest-only options.
We are private hard money lenders for rental properties and have full control of our finances and do all loan underwriting and processing in-house, allowing us to provide flexible loans with highly competitive rates and leverage. Our rates start as low as 5% and we offer a max LTV up to 80%, with a maximum loan cap of $3M for single property loans and portfolio loans up to $3M. These rental property loans are “doc-light” – no personal income verification required – and are available for inexperienced investors, assessing the deal based on the income-producing viability of the rental property.
[See How It Works](https://www.ablfunding.com/loan-programs/rental-loans/#howitworks)
### DSCR Rental Loan Program Highlights
Up to 80% LTV
Rates as low as 5%
Rate locks are available
No personal income verification
Light documentation, not tax returns
Available for 1-8 unit properties
30 year, ARM, I/O options
Portfolio loans available
700 minimum credit score
Close in 30 days or less
## Scale Up With ABL. Get Approved For Rental Financing Today.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
## Build A Portfolio & Leverage Your Equity With DSCR Rental Loans As Low As 5%
#### Lending Options
With our arsenal of rental property loans, investors know we can get them into the program that fits their needs. Max Cash Out? Lowest Rate? Highest LTV? We have you covered.
#### No Broker Fee
ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.
#### Peace Of Mind
Our team of specialists will structure and pre-approve your rental property refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.
#### Competitive Rates & LTVs
With rates between 5%–9% and LTVs as high as 80%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.
#### Flexible Underwriting
These programs were built by investors, for investors. We underwrite to the profitability of the project, and reduce documentation needs as much as possible.
#### The ABL Difference
Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team.
## Rental Property Financing: The Buy Rehab Rent Refinance Process
#### Identify The Opportunity
When you find a property that you’re ready to purchase and transform into an income-producing asset, or if you already have one you’re looking to leverage, one of our expert Loan Officers will walk you through potential loan programs and help determine your best options.
#### Finance The Purchase and Rehab (If Applicable)
We specialize in closing deals fast, funding your investment without delay to take advantage of time-sensitive deals and keep your project moving. With your property acquired, you can complete your renovations and get the property rent-ready. ABL funds up to 90% of the purchase price and 100% of renovations.
#### Solidify Rental Refinance Exit Strategy
While we’re underwriting and funding your short term purchase and renovation loan, our expert team will also be preparing your rental refinance exit strategy. We factor in your goals; whether you want to remain a single property investor or leverage a portfolio, whether you want to maximize your cash out or receive the lowest possible interest rate. Whatever the plan, ABL has a program to match.
#### Refinance And Repeat
By using the new equity in your renovated rental property, most investors seek to refinance their loan at a lower rate and pull cash out to begin the property acquisition process all over again. This BRRRR method of investing is how real estate investors grow their rental portfolio into a rental empire.
Already own the property, or buying one rent ready?
Skip the renovation loan and and go right into a term rental loan!
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
### Why Use ABL For DSCR Rental Loans? The ABL Difference.
What Do Real Estate Investors Think About Asset Based Lending? 2022 Borrowers Share Their Experience - YouTube
Asset Based Lending, LLC
584 subscribers
[What Do Real Estate Investors Think About Asset Based Lending? 2022 Borrowers Share Their Experience](https://www.youtube.com/watch?v=IAlsr97cevw)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=IAlsr97cevw "Watch on YouTube")
### [Reliable Partner During Volatile Times](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
When markets changed, our lending programs evolved with them. When volatility hit, our financing remained stable & reliable. When other lenders fell short, our team jumped into action to close your deals. See what ABL borrowers had to say about working with ABL in a volatile real estate market.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
The ABL Difference - Asset Based Lending - YouTube
Asset Based Lending, LLC
584 subscribers
[The ABL Difference - Asset Based Lending](https://www.youtube.com/watch?v=xGrQVcFfl3g)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=xGrQVcFfl3g "Watch on YouTube")
### [The ABL Difference](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What makes ABL different from other hard money lenders? We care. We care about our borrowers, we care about our company, and we care about our community. We’re there with the cash you need, when you need it.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
### [Borrower Testimonial - Harry](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What’s it like to start working with ABL on your first real estate investment, and then turn it into your full time career with ABL as your financing partner? Listen to ABL borrower Harry A talk about his experience with ABL by his side.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Reviews - Mike L - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Reviews - Mike L](https://www.youtube.com/watch?v=w0vx2GkQyak)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=w0vx2GkQyak "Watch on YouTube")
### [Borrower Testimonial - Mike](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
“I’ve basically thrown everything in the kitchen sink at these guys, and they’ve always found a way to handle it”. Full time real estate investor and ABL borrower, Mike L, shares his experience working with ABL on 20+ projects in his first year of doing business with us.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
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Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
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SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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## Why investors choose long-term rental property
The goal of real estate investing is to create a positive cash flow, whether its short bursts of large ROI with fix and flips or smaller amounts of money over long periods of time with rental property. Investors that decide to buy property and hold it as an income-producing asset are looking to set themselves up for long-term financial success. Generating passive monthly income through several rental properties at the same time is an excellent way to create a steady cash flow that compounds with the growth and appreciation of the rental portfolio.
ABL strives to provide rental investors with the most competitive rates and leverage, so we brought our term rental loans in-house to lower borrower costs and deliver the five-star service that we are known for. With deals closing in 30 days on average and our document-lite approach, we make the rental loan process quick and easy for all experience levels. Our private hard money lenders for rental properties currently offer our rental loans in the [following states](https://www.ablfunding.com/where-we-lend/), and are always adding new territories to our lending area. If you are a real estate investor that wants to invest in long-term rental property using our rental property financing, contact us today.
## ABL rental loans for BRRRR investors
As mentioned above, our long-term rental property loans are meant to help investors using the BRRRR strategy or otherwise accumulating rental units. The acronym stands for buy, rehab, rent, refinance, and repeat. The investor purchases a property and renovates it to increase its market value and raise the monthly rent price. After finding a tenant to fill the property, the investor then refinances their loan and uses the newly acquired capital to fund their next rental property purchase to repeat the process. This [BRRRR](https://www.ablfunding.com/brrrr-calculator/) investment is a straight-forward approach that has risen in popularity due to the passive income it generates and the scalability of the investment portfolio.
ABL is constantly paying attention to market trends and borrower interests to better serve real estate investors. As investors ourselves, we wanted to create a term rental loan program that could provide the most reliable rental property financing for BRRRR investments in the industry. We make sure to provide fast and flexible loan options, so investors never miss out on an opportunity due to timing. If you’re an investor that wants to use our rental loans to start or continue the BRRRR method, contact us today.
## Loans for short term rental property
Great news for STR investors such as AirBNB and Vrbo hosts- we can finance your short term rental property! Typically, its hard to finance vacation rental investments due to seasonality hurting the projected 12-month income. A beach home isn’t going to receive many paying guests over the winter, so even a homerun investment property will have a poor DSCR when viewing the 12-month history.
Our DSCR loans for short term rentals are qualified using data from AirDNA, a service that helps take seasonality into account and provides an accurate assessment of potential cashflow by comparing to other active short term rentals in the area. By looking at the full picture, ABL can offer our signature five-star service and finance your STR property.
Whether its a single unit or an entire portfolio, our AirBNB loans make financing your business a breeze. Contact us today to discuss how we can help you start or scale your STR investments.
## ABL finances local investors with rental property financing
When it comes to long-term rental loans, you need a private hard money lender for rental property that understands the local real estate markets and can properly assess a property’s ability to generate income. Our team of experts follows market trends and partners with the best local appraisers, attorneys, and title agents to ensure our borrowers are receiving the most fair and competitive pricing. Every loan is unique, but our hard money rental loans typically offer:
- Rates as low as 5%
- Max LTV up to 80%
- 1-4 Units, Townhomes, Condos
- 5-8 Unit Multifamily
- Cash Out, Rate & Term, Purchase Options
- 30 Year, 5/1, 7/1, 10/1, and Interest Only options
- Single loan cap of $3M , portfolio loan cap of $3M
ABL has hundreds of verified [five-star reviews](https://www.ablfunding.com/about/reviews/) and proudly repeats business with half of our borrowers. When it comes to competitive rental loans for investors, no team does it better than Asset Based Lending. Call us at 201-942-9089 to begin your rental loan approval process today.
### What are the benefits of rental property financing through Asset Based Lending?
There are multiple benefits to using ABL for your [rental property loans](https://www.ablfunding.com/blog/intro-rental-loan-financing/).
- There is no 1 size fits all approach here. We have a variety of rental loan programs available, and will choose the option that best fits your needs. This includes a no income verification rental loan, a max LTV program, a lowest rate program, etc.
- If you are purchasing a new property that you hope you keep for rental income, ABL will help you quickly secure the purchasing and renovation funds. A typical term loan could take several months to close, but ABL will close the hard money [fix and flip loan](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) in just a matter of days.
### Are these hard money rental loans?
The long-term financing for your rental property is not a [hard money loan](https://www.ablfunding.com/loan-programs/). For projects with a purchase and rehab component, the initial loan will be a hard money fix and flip loan with a [cash out refinance](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) exit strategy.
### What are the typical terms of a rental loan takeout?
While all loans are different and structured to meet the individual investor’s needs, the typical rental loan is a 30 year fully amortizing loan with rates between 5%–9%. We lend up to 80% LTV with an average DSCR requirement of 1.2 (although lower DSCR programs are available).
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Document Library
The ABL document library contains various forms and documents important to your loan process. If you have questions regarding any of the available documents, please [contact us](https://www.ablfunding.com/about/contact-us/).
[Consumer Credit & Credit Card Authorization](https://www.ablfunding.com/wp-content/uploads/2016/02/ABL-Credit-Authorization-2017.pdf "Consumer Credit & Credit Card Authorization")
[](https://www.ablfunding.com/wp-content/uploads/2016/02/ABL-Credit-Authorization-2017.pdf)
[Sample Fix & Flip Draw Schedule (Word)](https://www.ablfunding.com/wp-content/uploads/2016/02/Sample-Draw-Schedule-1.doc "Sample Fix & Flip Draw Schedule (Word)")
[](https://www.ablfunding.com/wp-content/uploads/2016/02/Sample-Draw-Schedule-1.doc)
[Construction Draw Schedule Template (Excel)](https://www.ablfunding.com/wp-content/uploads/2016/02/Construction-Draw-Schedule-Template.xlsx "Construction Draw Schedule Template (Excel)")
[](https://www.ablfunding.com/wp-content/uploads/2016/02/Construction-Draw-Schedule-Template.xlsx)
[W-9](https://www.ablfunding.com/wp-content/uploads/2016/02/W-9_Rev.-December-2014.pdf "W-9")
[](https://www.ablfunding.com/wp-content/uploads/2016/02/W-9_Rev.-December-2014.pdf)
[Loan Application](https://www.ablfunding.com/wp-content/uploads/2016/02/ABL-Application-Form.pdf "Loan Application")
[](https://www.ablfunding.com/wp-content/uploads/2016/02/ABL-Application-Form.pdf)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Virginia
## The Premier Hard Money Lender In Virginia
Asset Based Lending has been offering private hard money loans for over a decade, providing real estate investors in Virginia with the most reliable financing in the industry. We specialize in closing deals quickly, with loan approval occurring as fast as 24 hours and initial funding in 10 days or less. ABL’s flexible underwriting allows funding for a wide variety of real estate investment projects, including [fix and flips](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/), [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), [cash out/refinances](https://www.ablfunding.com/loan-programs/), and [rental portfolios](https://www.ablfunding.com/loan-programs/rental-loans/).
As hard money lenders in Virginia, we have full control of our funds, which means we can provide fast and flexible financing to qualified investors. ABL partners with the best local appraisers, attorneys, and title agents in the real estate industry to provide our borrowers a five-star experience during the entire loan process.
## Hard Money Loans For Local Virginia Real Estate
Our team of hard money lenders in VA specializes in lending throughout Northern Virgina and are experts in the local real estate markets, understanding that a hard money loan in Fairfax County needs to be written and funded differently than one in Arlington County. We treat each project as unique and use in-house processing and underwriting to provide the most competitive rates and quickest closing times possible.
Whether you’re a first-time investor or have decades of experience, ABL’s private money lenders in Virginia are willing to listen to your project details and determine if we can fund your investment. With unmatched speed, service, and transparency, ABL is the premier choice for hard money loans in Virginia.
**Prequalify Today**
[Prequalify for your loan today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) or call us at (201) 942-9089. We approve loans as fast as 24 hours. Our private money loans can fund the following projects:
- **[Fix And Flip](https://www.ablfunding.com/where-we-lend/virginia/fix-flip-loans/)**
- **[New Construction](https://www.ablfunding.com/where-we-lend/virginia/construction-loans/)**
- [Rental Loans](https://www.ablfunding.com/where-we-lend/virginia/virginia-rental-loans/)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/virginia/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net)View Bio
**ABL Lends in:**
Anne Arundel, Baltimore, Baltimore City, Cecil, Charles, Harford, Howard, Montgomery, Prince George
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Torin Francis
Loan Officer
Coming Soon.
Success Story
**Upper Marlboro, MD**
Light rehab of single family detached home in suburban stable neighborhood.
**Purchase Price:**
$139,000
**Renovation Budget:**
$10,000
**Loan Amount:**
$121,000
**Loan Structure:**
12 Months Interest Only
**Sale Price:**
$246,500
[View Case Study](https://www.ablfunding.com/casestudy/upper-marlboro-md-fix-flip-loan/)
The Best Hard Money Loans In Virginia
## Fix And Flip Financing Done Right
Investors who can spot a distressed property and transform it into a gorgeous, sale-ready home are able to take advantage of the current hot seller’s market. The main issue preventing most investors from their next project is lack of capital. Asset Based Lending’s [fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) are industry-leading, offering fast closing speeds and flexible underwriting on 12-month, interest-only hard money loans for fix and flip real estate investments.
We can close deals as quickly as three days if all the paperwork is ready, and our average closing time is just 10 days. These hard money fix and flip loans cover up to 90% of the purchase price and 100% of the rehab costs. For more information, such as rates and requirements, check out our additional details on Virginia fix and flip loans.
## Loans For New Construction
Flexible underwriting and fast closing speed are essential components of profitability in a competitive real estate market, especially for new construction projects. ABL offers hard money loans for new construction in Virginia with the same quickness and reliability as our fix and flip loans. These [new construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) are only available for experienced investors, contractors and builders, who typically can borrow up to 90% of the land value and 100% of the construction costs.
ABL understands the construction market within our lending areas, so we offer the [hard money loans](https://www.ablfunding.com/loan-programs/) that Virginia builders require. Quick approvals and closings, an in-house draw management team that reimburses construction funds as quickly as possible, and a flexible staff that works with you to ensure your project goes off without a hitch. Since we’re direct Virginia [hard money lenders](https://www.ablfunding.com/) lending our own money, you can rest assured we’re invested in making sure we make good loans to smart investors on projects that will be profitable for everyone.
## Rental Loans
Asset Based Lending offers term rental loans for buy and hold investors in Virginia. These private [rental loans](https://www.ablfunding.com/loan-programs/rental-loans/) are for 1-4 family properties and are designed with buy and hold investors in mind. We offer rates starting as low as 5% with leverage up to 80% LTV. Our unique capital structure allows us to provide single rental loans up to $3M and rental portfolio loans up to $3M.
ABL offers a variety of loan options to match borrower needs including 30-year amortization, ARM, and interest-only options. We work with investors of all experience levels, whether you’re expanding your current rental portfolio or want to secure your first rental property. Our team are experts in the local real estate markets of Virginia and are focused on delivering a five-star experience for our borrowers. If you’re ready to grow your real estate business with out VA rental loans, then contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Oklahoma
## The Premier Oklahoma Hard Money Lender
Hard money loans don’t have to be difficult- that’s why Asset Based Lending specializes in fast and reliable financing for real estate investors. We provide bridge loans for fix and flips and new construction investments, as well as [cash out refinances](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) and loans for rental property. With loan approval as quickly as 24 hours and the ability to close loans in 10 days or less, ABL’s lending programs are designed to help real estate investors scale their business quickly. ABL uses a fully in-house team across our underwriting, processing, closing, and draw management teams so we can ensure a five-star experience from start to finish. Our team boasts over a decade of loan experience and thousands of projects funded totaling $2B, highlighted by our hundreds of [five-star reviews](https://www.ablfunding.com/about/reviews/). After you experience the ABL Difference, you’ll never use another hard money lender.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans in OK as fast as 24 hours. Our Oklahoma private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/oklahoma/#)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/oklahoma/#)
**ABL Lends in:** ABL lends in all of non-rural Oklahoma, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Maryem Haddoumi
Loan Officer
Coming Soon.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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“They’re more than just a lender to me, **they’re a partner of mine.**”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
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“Anyone who wants to get into this business, **go with ABL. They’re the best.**”
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
OK Real Estate Market Highlights
#### AVG HOME SALE PRICE
$238,800
+10% YOY, September 2022
#### AVG DAYS ON MARKET
16 Days
September 2022
#### HOME OWNERSHIP RATE
69%
Q2 2022, +4% Above National Average
#### AVG FIX & FLIP PROFIT
$60,000
Q1 2022
#### RES. CONSTRUCTION PERMITS ISSUED
14,940
2021
#### UNEMPLOYMENT RATE
2.9%
Below National Average, September 2022
## Local Information For Oklahoma Real Estate Investors
Oklahoma real estate has seen substantial growth, with its biggest metro areas growing exponentially over the last few years. As of September 2022 the state’s average home sale price reached $238,600 which is a 10% increase from the previous year and just shy of the five-year-high for the state. Homes are spending an average of 16 days on market, and about 32% of homes are selling above asking price, which highlights the competitive nature of Oklahoma real estate markets. There are currently 13,035 homes for sale which represents approximately a two months supply of homes available in the state, which explains the fast moving market given the high demand compared to low inventory. Builders and contractors could take advantage of this inventory gap with new construction investments, as well as fix and flip investors who benefit from the state’s rapid home sales.
## Recommended Areas For Oklahoma Real Estate Investing
Asset Based Lending are experts in local Oklahoma real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best areas to invest in Oklahoma real estate are:
**Oklahoma City** The largest city in the state is also one of the best spots to invest in OK real estate, The average home sale price reached $255,000 which is a nearly 9% increase year over year and just slightly below a 5-year-high for the area. Homes are spending only 13 days on market, which benefit fast moving investments such as fix and flips. The economy revolves around oil, natural gas, and one of the world’s largest livestock markets, which makes it a stable economy with consistent growth due to nationwide demand for its goods. With the area’s unemployment rate hovering around 2.8%, the strong local economy and demand for housing makes this an excellent long-term location for real estate investors.
**Tulsa** Tulsa boasts the second largest population in Oklahoma and ranks second as the best city to invest in Oklahoma real estate. Average home sale prices reached $223,500 which is an 8% year over year increase. Homes are spending an average of 14 days on the market, with especially hot homes selling for 2% above listing and as quickly as 4 days from the listing date. With some higher education institutions such as University of Tulsa and secondary campuses for the University of Oklahoma that both compete at the NCAA Division I level, the city brings in plenty of permanent residents as well as short term visitors that boosts the local real estate markets.
**Norman** The unsung hero of Oklahoma real estate, Norman has become an investor’s dream. Average home sale prices reached $253,000 which is a nearly 18% increase year over year and represents a five-year-high for the city. Homes are spending an average of only 9 days on market, while especially hot homes are selling as quickly as 4 days from the initial listing date. As the home of the University of Oklahoma, the city brings in consistent residents and visitors every year which benefits its short term and long term rental markets. With a local economy that’s seeing consistent growth year over year and an unemployment rate hovering around 3%, this city is a great spot for real estate investors to grow their portfolios.
Recently Funded Fix & Flip Projects
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
## [Rahway, New Jersey Fix & Flip](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehab
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Kennebunk, Maine Fix & Flip](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** Cosmetic Renovation — Multifamily 4
**Purchase Price:** $485,000
**Renovation Budget:** $120,000
**Loan Amount:** $464,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $665,000
[View Deal Info](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/oklahoma/#) [Next](https://www.ablfunding.com/where-we-lend/oklahoma/#)
[1](https://www.ablfunding.com/where-we-lend/oklahoma/#) [2](https://www.ablfunding.com/where-we-lend/oklahoma/#) [3](https://www.ablfunding.com/where-we-lend/oklahoma/#) [4](https://www.ablfunding.com/where-we-lend/oklahoma/#)
Oklahoma Fix And Flip Hard Money Loans
## Financing Your Oklahoma Fix And Flips
Asset Based Lending focuses on fast closings and flexible underwriting, allowing us to close our rehab loans in 10 days or less on average and work with investors of all experience levels. We provide 12-month interest-only [bridge loans](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/) that let Oklahoma fix and flip investors acquire the property and begin renovation with reliable financing from start to finish. ABL offers funding that covers up to 85% of purchase price and 100% of the rehab costs, along with the industry’s only true [zero-point program](https://www.ablfunding.com/blog/zero-point-hard-money-loan-program-back/). Whether you’re working on your first fix and flip or a seasoned professional, ABL is ready to finance your flip. Click to learn more about our [Oklahoma fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why Missouri Investors Choose Fix And Flips
Fix and flips are the bread and butter of real estate investing, offering quick projects with healthy profit margins that caters to investors of all experience levels. Oklahoma fix and flips are currently on the rise, with approximately 7% of home sales being attributed to flips. Oklahoma fix and flip investments are seeing an average gross profit of $60,000 as of Q1 2022, making the state one of the more profitable states for rehab investments in the country. With fast moving home sales and rising profits, investors need to partner with a lender that can move as quickly as they can. ABL fix and flip loans close in 10 days on average so our borrowers never miss an opportunity, and with flexible loan terms we’re able to help new investors as well as seasoned professionals. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
There’s no shortage of ways for investors to finance their acquisition and rehab projects, however not all financing is created equal. For example, there’s no bank or traditional financial institution that is going to close as quickly as a fix and flip investor needs. Plus, banks don’t like to finance full get renovations or any type of home rehab that has a higher level of risk. There’s also private money lenders that offer loans for fix and flips and can close deals quickly, but there’s a lack of security and reliability that comes with it. [Hard money loans](https://www.ablfunding.com/loan-programs/) are the best choice for real estate investors that are looking for fast and reliable funding for their fix and flips. A [hard money lender](https://www.ablfunding.com/) in Oklahoma combines the best of both worlds, utilizing the speed and flexibility of a private money lender with the security and guarantee of a financial institution. The quick closing timeline and high leverage options benefit fix and flip investors far more than other lending options. If you’re a real estate investor looking to finance your Oklahoma fix and flips, then contact us today.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
[Previous](https://www.ablfunding.com/where-we-lend/oklahoma/#) [Next](https://www.ablfunding.com/where-we-lend/oklahoma/#)
[1](https://www.ablfunding.com/where-we-lend/oklahoma/#) [2](https://www.ablfunding.com/where-we-lend/oklahoma/#) [3](https://www.ablfunding.com/where-we-lend/oklahoma/#) [4](https://www.ablfunding.com/where-we-lend/oklahoma/#)
Oklahoma New Construction Hard Money Loans
### Loans For Oklahoma New Construction
Asset Based Lending provides the most trusted new construction loans for real estate investors, offering hard money construction loans ranging from $100K to $3.5M for residential properties throughout Oklahoma. ABL offers these hard money loans for new construction to experienced investors including active builders, developers, or investors that are partnering with trusted general contractors. These new construction loans are tailored to match your specific investment project, ensuring you receive the best terms for your exit strategy with options such as maximum leverage, lower interest rates, zero points, or something else. We utilize a fully in-house professional draw team that manages your draw turnaround so your project never experiences a financial delay. Check out over 500 five-star reviews that our borrowers have given us, and contact us today to be approved for your Oklahoma [new construction loan](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### Oklahoma New Construction Investment Info
Oklahoma new construction has seen a dramatic increase over the last few years, as the metro areas continue to grow and housing demand outgrows supply. The state experienced its fastest population growth rate in over a decade in 2021, growing at three times the rate of the average state. This has put a strain on current housing supply, but is a green flag for experienced builders and contractors that can fill the inventory gap with single family and multifamily projects. Metro areas like Oklahoma City and Tulsa, along with more suburban markets like Norman and Edmond, have a need for new construction housing. With only two months supply of inventory in the state, the demand for housing is raising prices substantially and benefiting real estate investors that understand the local markets. If you’re ready to use Oklahoma construction loans to scale your real estate business, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
### Choosing Asset Based Lending For New Construction Loans
When you’re ready to apply for a new construction loan, it means you’re ready to partner with a reliable lender that’s going to take care of your loan from start to finish. Asset Based Lending is here to help, offering fast and flexible financing that’s designed to help builders & developers scale their real estate business effectively. Our professional draw management team reimburses your construction costs without any delays, keeping your project running smoothly until the final sale date. ABL loves to partner with experienced investors on residential construction projects. Whether you’re looking to build a single-family home or develop a multifamily condo, we’re ready to discuss your project and fund your next success. If you’re a builder or developer looking to expand their business, then contact us today to be approved for the best OK new construction loans on the market.
Oklahoma Rental Loans & Cash Out Refinancing
### Loans for Oklahoma Rental Property
Asset Based Lending helps real estate investors buy and hold Oklahoma rental property with our streamlined rental loans. ABL term rental loans are designed for investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. We provide flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. This program offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Oklahoma real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### Oklahoma Rental Markets
Oklahoma is a growing state when it comes to rental property, with its major cities become more popular long-term and short-term destinations. As the biggest city for rentals in the state, Oklahoma City has seen a 12% year over year increase in the average apartment rents. While only 41% of the population rents versus owns, the city’s average vacancy rate hovers around 7% which means finding a tenant shouldn’t be a problem for the right property. Other popular areas like Tulsa have a rental population of 48%, making it easy to fill any rental vacancies you may have and benefiting from the nearly 14% increase in rental prices. Tulsa especially has a steady stream of visitors throughout the year thanks to the University of Oklahoma This consistent flow of tourism and short-term visitors are boosting the short term rental market in the area, making Airbnb and Vrbo properties a viable investment strategy. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Oklahoma rental loans, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Harrisburg Pennsylvania Property Purchase Loan
# Harrisburg Pennsylvania Property Purchase Loan
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Harrisburg, PA
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Property Purchase – Single-Family Detached
**Purchase Price:** $320,000
**Renovation Budget:** $0
**Loan Amount:** $287,000
**Cash Available for Purchase:** $287,000
**Cash Available for Renovation:** $0
**Loan Structure:** 12 Months Interest Only
**Loan Purpose:** Property Purchase Only
**ARV:** $410,000
Situation:
Asset Based Lending recently funded a [property purchase loan](https://www.ablfunding.com/loan-programs/) in Harrisburg Pennsylvania. The borrower is a repeat borrower and full-time real estate investor. The property was purchased for $320,000 with a total loan amount of $287,000 funded at 90% LTC. The property is a single-family 4-bedroom, 3-bathroom measured at 4,275 square feet. The borrower will hold the property as an income-producing asset with ABL’s [rental refinance program](https://www.ablfunding.com/loan-programs/rental-loans/). Property is highlighted by two full kitchens and outdoor swimming pool. Borrower will do some light cosmetic work on their own while the initial purchase loan seasons and will refinance into a fixed rental loan after three months.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# ABL 2022 Review
by [Christopher Sicoli](https://www.ablfunding.com/blog/author/chris/ "Posts by Christopher Sicoli") \| Jan 18, 2023 \| [Blog](https://www.ablfunding.com/blog/category/blog/)
# Asset Based Lending 2022 Review
How Asset Based Lending Helped Real Estate Investors Succeed In 2022 - YouTube
Asset Based Lending, LLC
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[How Asset Based Lending Helped Real Estate Investors Succeed In 2022](https://www.youtube.com/watch?v=nSKG3Yha3bU)
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2022 was a turbulent year for real estate investors. With the Fed consistently raising interest rates and housing markets fluctuating across the country, investor strategies were shaken and financing options began to tighten. Asset Based Lending has remained reliable and stable throughout some of the most uncertain real estate markets of the last few decades. At this point, we feel like experts in our ability to pivot in order to match the market and keep our borrowers funded, no matter what happens. Here’s a few of the changes we made in 2022 to help better serve our borrowers and remain a reliable lender during market volatility:
## Balance sheet lender
ABL returned to being a balance sheet lender, holding most of our loans on our books rather than selling them to a note buyer. This allowed us to increase leverage, offer more flexibility with our programs, and continue servicing our loans without interruption.
## Introduced new programs
Changing times require changing programs, and ABL is always on the forefront of evolving our hard money lending programs to match the market. We brought back our 90% financing option, introduced a [2-year bridge loan for stabilized property](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/), grew our [multifamily lending](https://www.ablfunding.com/loan-programs/multifamily-hard-money-lender/) to include 5+ properties, and updated our mixed-use lending to include properties with up to 49% commercial space.
## Improved current programs
After introducing [rental loans](https://www.ablfunding.com/loan-programs/rental-loans/) in 2021, we continued supporting our 30-year DSCR program to help borrowers take advantage of rising rents across the country, whether its a single rental property or an entire portfolio. We remain one of the only hard money lenders in the country that works with first time real estate investors, partnering on sensible deals to help new investors begin their [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) journey. As always, ABL continued offering the industry’s only true zero-point loan, allowing our borrowers to save thousands of dollars by exiting deals quickly with no pre-payment penalties.
## Dedicated points of contact
Our processors and construction managers are the best in the business, as shown by the constant shout-outs from our borrowers’ [5-star reviews](https://www.ablfunding.com/about/reviews/). We now assign you a dedicated team to handle your loan from start to finish, so you’re working with the same small team who understands your loan and what steps are needed to get you closed & funded ASAP.
## Geographic expansion
ABL increased our lending reach to more than half the country, offering our hard money loans in 28 states and Washington DC. Thanks to our borrowers’ support, our team can help even more real estate investors scale their business with fast and reliable financing in states like [Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/), [Texas](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/), [North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/) & [South Carolina](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/), and more. We’re not done growing, so keep an eye on where we’ll expand next!
## Increased staffing
Our team grew by 36 members across several borrower-focused departments, so that we can continue servicing your loans with the speed and reliability that you’ve come to expect from us. We’re always scouting top talent across the loan financing and servicing industry, so you’ll continue to work with the best in the business when you work with ABL!
## What did these changes mean for ABL borrowers?
During 2022, ABL delivered the following:
- **987** projects funded across fix and flips, new construction, BRRRR loans, commercial multifamily, and bridge loans for stabilized property
- **2,356** draws funded
- **$122,000,000** construction funds disbursed
- **$475,000,000** in total loan volume
There’s a lot of good news for real estate investors going into 2023. The Fed insists that interest rates are close to their peak, lumber prices and other housing material costs are dropping, and the ongoing shortage of housing inventory across the country still has property values and monthly rents at near-historic highs. With an investor-friendly year on the horizon, now is the time to plan your investment strategy and source your hard money financing.
Asset Based Lending promises to remain your reliable lending partner throughout this year and every year, continuing to adjust our programs to ensure our borrowers receive the best possible financing across a variety of real estate investments. If you’re ready to experience the ABL Difference and work with the premier hard money lender, then give us a call at 201-942-9090 or fill out our [pre-qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to be approved in 24 hours.
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### Recent Posts
- 
[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
- 
[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
- 
[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Mississippi
## The Premier Mississippi Hard Money Lender
Asset Based Lending provides fast and reliable loans for real estate investors, focusing on quick closings and flexible underwriting to ensure our borrowers receive the best possible financing for their projects. We have programs to fund fix and flips and new construction, as well as [cash out refinances](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) and loans for rental property. ABL utilizes a fully in-house team while partnering with the best local appraisers, attorneys, and title agents to ensure you receive a [five-star experience](https://www.ablfunding.com/about/reviews/) every time. After you experience the ABL Difference, you’ll never use another hard money lender.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans in MS as fast as 24 hours. Our Mississippi private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/mississippi/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net)View Bio
**ABL Lends in:** ABL lends in all of non-rural Mississippi, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Torin Francis
Loan Officer
Torin Francis graduated from the University of Notre Dame with a Bachelor’s in Marketing. He spent his college years as a starting member of the Fighting Irish basketball team. He continued playing on a professional level for 15 years, allowing him to travel and play for 15 countries. In 2020, Torin’s passion for real estate brought him to the residential mortgage industry, and eventually to joining the team ABL. He is a fluent Spanish speaker.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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“They’re more than just a lender to me, **they’re a partner of mine.**”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
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“Anyone who wants to get into this business, **go with ABL. They’re the best.**”
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
MS Real Estate Market Highlights
#### AVG HOME SALE PRICE
$255,900
+12% YOY, September 2022
#### AVG DAYS ON MARKET
19 Days
September 2022
#### HOME OWNERSHIP RATE
71%
Q2 2022, 8% Above National Average
#### AVG FIX & FLIP PROFIT
32%
Q3 2021
#### RES. CONSTRUCTION PERMITS ISSUED
7,988
2021
#### UNEMPLOYMENT RATE
3.6%
September 2022
## Local Information For Mississippi Real Estate Investors
The major real estate markets throughout Mississippi have grown leaps and bounds over the last few years, with the metro areas seeing the largest gains. As of September 2022, the average home sale price for the state reached $255,900 which is nearly 13% higher than the previous year and slightly below the five-year-high. Homes are spending an average of only 19 days on market, which is a staggering 40 less average days than the previous year and highlights the current demand for housing in this market. More than 20% of the homes sold are being sold for above asking price, which should indicate to investors that the state’s seller’s market is in their favor.
There are currently only 4,759 homes for sale, which represents a two month supply for the state. Typically, a healthy real estate market has a minimum three month supply of inventory Real estate investors can benefit from these market conditions, as fix and flip investors love the fast moving market while investors focused on new construction can fill inventory gap and use the heightened demand to sell their product at a premium price.
## Recommended Areas For Mississippi Real Estate Investing
Asset Based Lending are experts in local Mississippi real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best Mississippi neighborhoods for real estate investors are:
**Jackson** The largest city and metro area in Mississippi is by far the best place for real estate investors. As of September 2022 the average home sale price reached $160,000 which marks a nearly 9% increase year over year and just shy of the five-year-high. Homes are spending an average of only 20 days on market, which is a massive 37 day drop from the previous year’s average. Especially desirable homes can sell as fast as six days from the initial listing date, which highlights the fast moving nature of this market and the benefit that fix and flip investors could find.
**Gulfport** Sitting on the southern coast of the state is the second largest city in The Magnolia State. The average home sale price recently reached $175,000 which is actually a slight 5% drop from the previous year, but indicative of a market correction versus a market turndown. To highlight the strength of the market, homes are spending an average of 18 days on market, which is another 37 day drop year over year. These major metro areas of Mississippi are perfect for fix and flip investors or new construction investments that can fill the inventory gaps and take advantage of the fast moving property sales.
**Southaven** Located in the northern tip of the state, Southaven has seen large growth to its real estate market in the last few years. The average home sale price reached $283,000 which is a nearly 11% increase year over year. Homes are spending an average of 23 days on market, which is 25 less days than the previous year and signifies another fast moving market in Mississippi. The number of homes sold during September 2022 reached 117, which is a 17% increase and highlights the current demand for homes in the area. Builders and contractors that can invest in new construction can benefit from the demand by filling inventory gaps, while fix and flip investors can take advantage of the fast moving market to chain together several deals.
Recently Funded Fix & Flip Projects
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
## [Rahway, New Jersey Fix & Flip](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehab
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Kennebunk, Maine Fix & Flip](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** Cosmetic Renovation — Multifamily 4
**Purchase Price:** $485,000
**Renovation Budget:** $120,000
**Loan Amount:** $464,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $665,000
[View Deal Info](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
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Mississippi Fix And Flip Hard Money Loans
## Financing Your Mississippi Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with a focus on flexible underwriting that allows us to work with several different types of rehab projects. We’re able to close our rehab loans in 10 days or less on average, so you’ll never miss out on a potential deal. These 12-month interest-only [bridge loans](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/) allow Mississippi investors the ability to acquire property and begin renovating with the most competitive rates on the market, including the industry’s only true [zero-point program](https://www.ablfunding.com/blog/zero-point-hard-money-loan-program-back/). ABL offers funding that covers up to 85% of purchase price and 100% of the rehab costs. Whether you’re working on your first fix and flip or a seasoned professional, ABL is ready to finance your flip. Click to learn more about our [Mississippi fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why Mississippi Investors Choose Fix And Flips
Fix and flips are one of the most consistent and reliable forms of real estate investing, offering profits that allow investors the ability to funnel that capital into their next projects. Right now Mississippi fix and flips are on the rise, with a total of nearly 8% of home sales in the state attributed to flips. Mississippi fix and flip investments are seeing an average profit of $32,894 as of Q1 2022 More than one-third of real estate investors use outside financing for their projects, with [hard money lenders](https://www.ablfunding.com/) being the preferred choice for bridge loans since investors can both close and exit the deals quickly. Our fix and flip loans focus on closing in 10 days on average so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
Financing a fix and flip investment requires a lending partner that can close fast and offer a variety of loan options. That’s why so many real estate investors prefer hard money loans for fix and flips, as this type of financing can close in less than two weeks and comes with flexible loan terms. For example, Asset Based Lending has closed loans as quickly as two business days with the appropriate paperwork. These speedy loans allow fix and flip investors the opportunity to secure deals that would normally be missed if using another financing option. Hard money loans are also less stringent with its documentation requirements- aside from recent bank statements and a credit check, hard money lenders in Mississippi forego documents such as tax records or income verification.
Investors that have tried borrowing from a bank or other traditional financial institutions know the pushback- the projects are inherently risky and banks typically don’t want to involve themselves in these types if projects. Or if they do choose to lend, its an agonizingly long process with enough loan stipulations, such as prepayment penalties or intensive documentation requirements, that ends up hurting the deal too much from the investor’s point of view. When it comes to fast and efficient lending for fix and flips, [hard money loans](https://www.ablfunding.com/loan-programs/) are the best option for borrowers, and no lender does it better than Asset Based Lending.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
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Mississippi New Construction Hard Money Loans
### Loans For Mississippi New Construction
Asset Based Lending is proud to partner with experienced builders & developers as their financing for their new construction investments. Investors can use these 12-month interest-only bridge loans to finance up to 85% of purchase and 100% of construction costs for their project. ABL provides these hard money loans to investors that have a proven track record of successful residential new construction, offering a variety of options including maximum leverage, lower interest rate, zero points, or something else. As direct private lenders, we’re able to provide flexible loans that are written to match your specific business strategy, as long as it fits our criteria. Whether you’re looking to finance the ground up construction of single family or multifamily projects, ABL is ready to discuss your upcoming deals. Click to learn more about our [Mississippi construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### Mississippi New Construction Investment Info
The lack of housing supply in Mississippi is a major reason why the real estate markets are seeing such growth, especially with residential new construction. There were nearly 8,000 new builds in the state throughout 2021, with the majority of focus on single family homes to help meet the ongoing demand for young families buying their first home. Most of these new construction projects are occurring in the northwest and southeast parts of the state, with emphasis on the Southaven and Gulfport metro areas. Jackson metro is also booming with new construction, which makes sense as the capital of the state and center of commerce for Mississippi. Multifamily builds of four units or more are also rising throughout this city, as renting becomes more popular and for longer periods of time given the lack of available homes for purchase. Asset Based Lending can fund the construction of both single family and multifamily homes, offering fast and reliable financing for these investment projects.
### Choosing Asset Based Lending For New Construction Loans
When it comes to fast and reliable funding, Mississippi real estate investors know to trust Asset Based Lending. Our track record speaks for itself, with more than half of our borrowers returning for repeat business and over $1.4B in loan origination since our company’s inception. We have fully in-house teams for the entire loan process, providing you a five-star service from start to finish. [ABL approves loans](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) as fast as 24 hours and closes loans a quickly as two days with the appropriate paperwork. This doc-light approach to new construction financing lets real estate investors scale their business faster than ever and with zero headaches.
With the Mississippi real estate markets continuing to thrive and low housing inventory plaguing the most popular markets, now is the perfect time for builders and developers to take advantage of outside financing. By using hard money capital to fund their projects, they can move quickly and use the current market conditions in their favor. Asset Based Lending insists on a transparent lending process with no prepayment penalties or hidden fees, so you keep more of your money. Contact us today to be approved for your MS new construction loan.
Mississippi Rental Loans & Cash Out Refinancing
### Loans for Mississippi Rental Property
Asset Based Lending offers simple and reliable Mississippi rental loans. These term rental loans are designed for buy and hold investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Mississippi real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### Mississippi Rental Markets
With low housing supply throughout the state, more people are renting their homes than ever before and staying in those rentals for longer periods than before. Rental vacancy rate hovering around 7% keeps MS rental property a safe investment for reliably finding tenants. Jackson metro area is currently one of the best spots for buy and hold investors, with the city being the most populated area and center of the state’s commerce. Another top area is Gulfport with average rental prices trickling upward the last few years, with 2022 seeing the average studio rent increasing 27% year over year and 1-bedrooms jumping nearly 23%. Plus, being on the water makes this city a prime short-term vacation destination, benefitting short-term rental investors with Airbnb and Vrbo.
With renters prolonging their time before purchasing a home, Mississippi real estate investors can use rental property to begin generating passive monthly income for many years to come. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Mississippi rental loans, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Privacy Statement
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where “control” means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers’ personal information and determines the purposes and means of the processing of Consumers’ personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers’ personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the “CCPA”) as amended by the California Privacy Rights Act of 2020 (the “CPRA”).
**Company** (referred to as either “the Company”, “We”, “Us” or “Our” in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be “Persistent” or “Session” Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application’s push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company’s operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI’s opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA’s opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA’s opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on – [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) – for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver’s license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver’s license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person’s preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA’s scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver’s Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for “business purposes” or “commercial purposes” (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the “Use of Your Personal Data” section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, “sell” and “sale” mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer’s personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children’s Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the “right to opt-in”) from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the “Do Not Sell My Personal Information” section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the “Limit the Use or Disclosure of My Sensitive Personal Information” section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information’s deletion may likely render impossible or seriously impair the research’s achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer’s rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the “Do Not Sell My Personal Information” section and “Limit the Use or Disclosure of My Sensitive Personal Information” section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request’s receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, “sell” and “sale” mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer’s personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click “Privacy Preferences”, “Update Privacy Preferences” or “Do Not Sell My Personal Information” buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI’s opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA’s opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA’s opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- “Opt out of Interest-Based Ads” or “Opt out of Ads Personalization” on Android devices
- “Limit Ad Tracking” on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the “Use of Your Personal Data” section or contact us.
## “Do Not Track” Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California’s Shine the Light law)
Under California Civil Code Section 1798 (California’s Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties’ direct marketing purposes.
If you’d like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children’s Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent’s consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party’s site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the “Last updated” date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
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# Top Tips for Flipping Houses in Illinois: What Investors Need to Know
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 27, 2025 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Illinois is a prime location for flipping houses. In Q3 2024, the average gross profit on an Illinois flip was [$94,500](https://www.fool.com/research/house-flipping-statistics/), resulting in an average gross ROI of 60.8%. However, flipping houses takes a lot of work and you need the right partners to ensure success.
[Your local ABL experts know the ins and outs of the Illinois market](https://www.ablfunding.com/where-we-lend/illinois/) and can help you analyze deals before you pull the trigger. They can also advise you on the best funding options to get your renovation project off the ground.
Here are our top tips for executing a profitable flip in the Prairie State:
## 1\. Target Markets with the Highest Profit Potential
Some Illinois markets have more flipping potential than others, so it’s important to carefully assess and compare your options before investing. Look for markets with high housing demand, low home inventory, and distressed properties with renovation potential.
You can obtain this information by investing in real estate data software, driving around looking for opportunities (aka driving for dollars), and consulting local experts like ABL loan experts.
According to a recent [report](https://www.attomdata.com/news/most-recent/top-10-counties-with-highest-home-flipping-profit/), two of the top ten counties with the highest home flipping profits nationwide include Kendall County, IL ($348,500 gross profit in Q3 2024) and De Kalb County, IL ($348,500 gross profit in Q3 2024).
## 2\. Get Pre-Approved for a Fix-and-Flip Loan
Most investors fund renovation projects with a [fix-and-flip loan](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)—usually because they can’t or don’t want to pay with cash. However, to get a loan, you must first be pre-approved, which involves sharing information about the proposed investment with a lender.
For example, ABL can [pre-qualify](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) you for a fix-and-flip loan within 24 hours. All we need is a few details about you and your project. Plus, your application is 100% confidential, has zero impact on your credit, and carries no obligation to work with us. You have nothing to lose!
## 3\. Shop Foreclosure Properties
Illinois is one of [21 states (and the District of Columbia)](https://www.nolo.com/legal-encyclopedia/chart-judicial-v-nonjudicial-foreclosures.html) that require judicial foreclosures, which means lenders must go through the court system to foreclose on a home. This can lengthen the foreclosure process, giving investors more opportunities to identify homes to purchase at public auctions at a discount. Sometimes you can buy homes for pennies on the dollar since many lenders just want to recoup their losses quickly (and don’t have the patience to get top dollar).
What’s more, Illinois had the fifth-most foreclosure activity nationwide in December 2024. According to a recent [report](https://www.attomdata.com/news/most-recent/foreclosure-filings-for-all-50-states-in-december-2024/), the state processed 1,446 foreclosure filings, representing a 7.19% jump from November 2024 and a foreclosure rate of 1 in every 3,753 housing units.
## 4\. Keep a Careful Budget
Your return on a flip is directly tied to your project costs. The lower the costs, the higher your returns. As a result, it’s important to set a realistic budget upfront for the property purchase and renovation (labor, material, and supplies).
If you notice the project taking longer than expected (raising labor costs) or material prices increasing, try to offset this by saving on other line items. For example, you may be able to get bulk discounts from suppliers or return unused materials for a refund or credit. You can also cover unexpected expenses with a contingency budget based on past project performances.
Ultimately, the goal is to hit or exceed your return target despite any surprises.
## 5\. Check Building Codes and Get Necessary Permits
Depending on the scope of your planned renovations, you may need to get a building permit. Check local building codes. A good place to start is Illinois’s Capital Development Board [website](https://cdb.illinois.gov/business/codes/buildingcodesregulations.html), which summarizes major construction codes for residential (and commercial) projects.
## 6\. Partner with Local Experts
Home flipping involves many moving parts managed over a short period. That’s why it’s crucial to build a strong network of real estate professionals you can rely on. Your team can include real estate agents, attorneys, contractors, title professionals, insurance providers, other investors, and private lenders like ABL.
Our Illinois team is here to support you through the entire project. Unlike other lenders who disappear after closing, we’re here for you from the initial planning phase to the eventual resale.
## 7\. Identify and Manage Risks
As with any investment, flipping has its risks. For example, home values could dip, resulting in a lower resale price than expected. Alternatively, you might underestimate holding costs (like property taxes and utilities), making it harder to hit your ROI goals.
However, you can minimize potential risks by doing your due diligence, setting realistic budgets, and consulting local professionals. For example, ABL’s Illinois team has worked on flips similar to yours and can advise you on market trends, when to sell, and the best strategies for success.
## 8\. Invest in Effective Marketing
No matter how well you transform a distressed property, you need to market it effectively to win the best resale price. Start by posting a “for sale” sign and focusing on the property’s curb appeal. From there, you can advertise it in local classifieds and online marketplaces like Zillow. Many services even let you automatically syndicate listings across the top real estate sites.
The goal is to get the word out to the greatest number of potential buyers to raise demand, increase your asking price, and ultimately maximize your profit.
## 9\. Learn and Adapt as You Go
Real estate investing is a long game. While your first flip may not be a home run, you can always improve by learning from your mistakes. Better yet, you can learn from other real estate professionals who have experience flipping homes in Illinois.
Our local experts deeply understand the Illinois market and can help guide you in the right direction. We also offer fix-and-flip loans tailored to your project. [Pre-qualify](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) for one today to get the ball rolling. We’ll get back to you within 24 hours to let you know if we’re a good match.
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## Thank you for watching our video guide to hard money lending!
We hope Asset Based Lending was able to help you understand hard money loans and feel confident in knowing what is required from a borrower, the expected timeline of your loan, and how to work strategically with each department to ensure a smooth loan process from start to finish.
Asset Based Lending, LLC specializes in closing loans fast and offers the industry’s only true zero-point program, making it the premier hard money lender for real estate investors seeking financing on their projects. With over 12 years of experience and $1 Billion in originations, ABL provides reliable funding for fix and flips, new construction, cash out refinancing, and loans for rental property. Let us know if there are other video explanations that you’d like to see, or if you’re ready to finance your investment click the button below to get started today!
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# Flips & Funding – Mobile Alabama
## August 28, 2023 @ 6:30 pm \- 8:30 pm
Free
## Calling All Mobile Alabama Real Estate Investors!
Join Asset Based Lending on Monday, August 28th for a great evening of real estate networking and free-flowing drinks! Whether you want to chat with loan officers about existing deals you need funded, or simply mingle with other investors and industry professionals, this event has you covered.
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### Meet Your Host:
| | |
| --- | --- |
|  | _Asset Based Lending is a direct hard money lender with over 13 years and nearly $2 Billion in projects financed. ABL specializes in fast closings and reliable service for fix and flips, new construction, cash out refinancing, and DSCR rental loans._ |
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- [Google Calendar](https://www.google.com/calendar/event?action=TEMPLATE&dates=20230828T183000/20230828T203000&text=Flips%20%26%23038%3B%20Funding%20%26%238211%3B%20Mobile%20Alabama&details=%5Bet_pb_section+fb_built%3D%221%22+_builder_version%3D%224.17.4%22+background_enable_image%3D%22off%22+custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22+custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row+column_structure%3D%222_3%2C1_3%22+_builder_version%3D%224.17.4%22+background_size%3D%22initial%22+background_position%3D%22top_left%22+background_repeat%3D%22repeat%22+width%3D%22100%25%22+custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column+type%3D%222_3%22+_builder_version%3D%224.17.4%22+custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22+custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text+admin_label%3D%22Text%22+_builder_version%3D%224.20.4%22+background_size%3D%22initial%22+background_position%3D%22top_left%22+background_repeat%3D%22repeat%22+global_colors_info%3D%22%7B%7D%22%5D%3Ch2%3ECalling+All+Mobile+Alabama+Real+Estate+Investors%21%3C%2Fh2%3E%3Cp%3EJoin+Asset+Based+Lending+on+Monday%2C+August+28th+for+a+great+evening+of+real+estate+networking+and+free-flowing+drinks%21+Whether+you+want+to+chat+with+loan+officers+about+existing+deals+you+need+funded%2C+or+simply+mingle+with+other+inv%3C%2Fp%3E+%28View+Full+event+Description+Here%3A+https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-mobile%2F%29&location=The%20Haberdasher,%20113%20DAUPHIN%20ST,%20Mobile,%20AL,%2036602,%20United%20States&trp=false&ctz=UTC+0&sprop=website:https://www.ablfunding.com)
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- [Outlook 365](https://outlook.office.com/owa/?path=/calendar/action/compose&rrv=addevent&startdt=2023-08-28T18%3A30%3A00%2B00%3A00&enddt=2023-08-28T20%3A30%3A00%2B00%3A00&location=The%20Haberdasher,%20113%20DAUPHIN%20ST,%20Mobile,%20AL,%2036602,%20United%20States&subject=Flips%20%26%20Funding%20-%20Mobile%20Alabama&body=%5Bet_pb_section%20fb_built%3D%221%22%20_builder_version%3D%224.17.4%22%20background_enable_image%3D%22off%22%20custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row%20column_structure%3D%222_3%2C1_3%22%20_builder_version%3D%224.17.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20width%3D%22100%25%22%20custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column%20type%3D%222_3%22%20_builder_version%3D%224.17.4%22%20custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%20custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text%20admin_label%3D%22Text%22%20_builder_version%3D%224.20.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20global_colors_info%3D%22%7B%7D%22%5DCalling%20All%20Mobile%20Alabama%20Real%20Estate%20Investors%21%3Cp%3EJoin%20Asset%20Based%20Lending%20on%20Monday%2C%20August%2028th%20for%20a%20great%20evening%20of%20real%20estate%20networking%20and%20free-flowing%20drinks%21%20Whether%20you%20want%20to%20chat%20w%20%28View%20Full%20Event%20Description%20Here%3A%20https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-mobile%2F%29)
- [Outlook Live](https://outlook.live.com/owa/?path=/calendar/action/compose&rrv=addevent&startdt=2023-08-28T18%3A30%3A00%2B00%3A00&enddt=2023-08-28T20%3A30%3A00%2B00%3A00&location=The%20Haberdasher,%20113%20DAUPHIN%20ST,%20Mobile,%20AL,%2036602,%20United%20States&subject=Flips%20%26%20Funding%20-%20Mobile%20Alabama&body=%5Bet_pb_section%20fb_built%3D%221%22%20_builder_version%3D%224.17.4%22%20background_enable_image%3D%22off%22%20custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row%20column_structure%3D%222_3%2C1_3%22%20_builder_version%3D%224.17.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20width%3D%22100%25%22%20custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column%20type%3D%222_3%22%20_builder_version%3D%224.17.4%22%20custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%20custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text%20admin_label%3D%22Text%22%20_builder_version%3D%224.20.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20global_colors_info%3D%22%7B%7D%22%5DCalling%20All%20Mobile%20Alabama%20Real%20Estate%20Investors%21%3Cp%3EJoin%20Asset%20Based%20Lending%20on%20Monday%2C%20August%2028th%20for%20a%20great%20evening%20of%20real%20estate%20networking%20and%20free-flowing%20drinks%21%20Whether%20you%20want%20to%20chat%20w%20%28View%20Full%20Event%20Description%20Here%3A%20https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-mobile%2F%29)
## Details
Date: August 28, 2023 Time:
6:30 pm - 8:30 pm
Cost: Free Website: [www.ablfunding.com](https://www.ablfunding.com/)
## Organizer
[Paul Lewis](https://www.ablfunding.com/organizer/paul-lewis/ "Paul Lewis")
Phone
561-720-7000
## Venue
[The Haberdasher](https://www.ablfunding.com/venue/the-haberdasher/)113 DAUPHIN ST
Mobile,AL36602United States[\+ Google Map](https://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=113+DAUPHIN+ST+Mobile+AL+36602+United+States "Click to view a Google Map")[View Venue Website](https://www.facebook.com/thehabmobile)
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113 Dauphin St
113 Dauphin St, Mobile, AL 36602
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# How We Work
## ABL has a distinct and proven hard money lending process.
ABL is owned and operated by knowledgeable and experienced real estate lenders who want to help real estate investors succeed. We have designed our process to be fast, reliable, and flexible because we know these are the process features that our borrowers need. Read on to find out how to get a hard money loan for real estate and why so many real estate investors across 32 states have chosen ABL as their hard money lender.
**Our short-term loan programs support the following investment projects:**
- [Fix and Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Cash Out Refinance](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/)
**Our long-term loan programs support the following investment projects:**
- [DSCR Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Additional questions about our process and hard money loan requirements can be answered in the FAQ section of our website.
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
Our Loan and Lending Process
### Initial Contact
When a prospective borrower contacts ABL, we immediately begin to assess whether the project meets our underwriting criteria. We gather data on the experience level, financial, and credit background of the borrower, the current and future value of the project and will ask for a summary of the proposed deal.
It is a plus if the borrower, or representative, is prepared with the following crucial information at the point of initial contact: property address, purchase price, rehab or new construction budget, future expected value, payoff strategy (sale or refinance) and expected timing of exit. If a proof of funds is needed to help secure the acquisition of the property, we can assist with that as well.
We can typically tell the borrower whether or not there is a good chance of ABL funding the loan after a 10 minute conversation. If there is, then we move to the 2nd stage of our process, which is, Underwriting.
### Underwriting
**If the loan request meets our basic underwriting criteria, we will ask the borrower to:**
- Fill out a loan application
- Provide a purchase contract for the property
- Provide a written anticipated scope of work for the property
Once the above is completed, we will schedule an appraiser to inspect and appraise the property. As we proceed, we will ask for additional documentation that relates to the borrower’s experience, cash availability, income and credit. We will also want documentation regarding the project contractor or builder, property title history and property insurance. All of our loans are to entities, not to individuals, so we will need to have the formation documents and EIN for the borrowing entity. All the paperwork must be in our possession prior to the close, but we can schedule the close, if needed, under the assumption that some paperwork is in process.
### Loan Closing
Loan closing generally occurs at a title company office, although it also frequently occurs at an attorney’s office. At the close, there are typically two transactions that occur – the property purchase and the loan settlement. Our staff will have reviewed all the necessary documentation prior to the close so there will be minimal complexity or stress at the settlement table. With respect to the loan settlement, our borrowers will be required to sign a variety of loan related documents which will include (but are not limited to) a mortgage, note, security agreement, personal guarantee, investment affidavit and assignment of rents and leases. We will have already sent loan proceeds to the settlement agent, so after all the documents are signed and reviewed by the various parties to the loan, we will approve disbursement of loan proceeds either to the escrow agent for future disbursement, the seller of the house, or directly to the borrower.
### Servicing (Draw Management)
On a rehabilitation or new construction loan, we will release the portion of the loan dedicated to the renovation or construction project in stages. Each installment will be released to the borrower’s (entity) bank account at the completion of a particular draw stage upon completed inspection of work. Generally, the period of time between initial draw request and money being wired is 3-4 days.
In addition to draw management, ABL services the loan by providing support for requests related to insurance issues and interest payments.
### Payoff
In the event that you pay off your loan prior to maturity, we do not charge a prepayment penalty. In fact, it is always an exciting moment when we receive a borrowers request for loan payoff. We will work with the settlement agent to make the process as timely and straightforward as possible.
“ABL is the best at what they do. They help you throughout the deal, and close very quickly. Your loan officer is available 24/7 to help you with any questions you have. They also have their own attorneys and recommend appraisers that do great work. All around a fantastic experience. Thank you team ABL.”
Michael
Real Estate Investor
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# ABL Spotlight: Meet Daniel Leyden
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Apr 5, 2017 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/)
## Daniel Leyden is a Co-Managing Partner and one of the founders of Asset Based Lending.
A senior financial professional with demonstrated business expertise and innovative leadership from over 25 years of real estate related securities and loan experience – _he also always wanted to be a caterer_. Take a look at the full Spotlight Interview below to learn more about one of the men behind the wheel at ABL.
**How long have you been in lending industry?**
7 years
**What was one of the most difficult deals you’ve worked on? How did you work through the struggles?**
Lending to a woman that had credit problems but needed to borrow money to fix the house and pay taxes. I had faith that she would work hard and repair her credit and be able to refinance the loan. It took longer than she or we liked, as our money is expensive, but ultimately was successful.
**What do you think sets ABL apart from other lenders?**
We are transparent, honest, and quick. ABL tells the story like it is – good or bad.
**What three traits define you?**
Attentive to detail, team player and well organized.
**What is your personal philosophy?**
Be true to my word, be accurate and honest to a fault. Regardless of what the honesty will bring you, be honest anyway! This sometimes may cause you to walk away or lose a deal, but it’s better to be honest in the end.
**What is one thing you couldn’t live without?**
My family. Part of the reason anyone works hard and likes what they do is to provide for their family. That goal is what drives a person to show up every day and work hard. Seeing that your family has benefited by the hard work you put out, keeps your head in the game.
**What is the greatest challenge you’ve had to overcome in your life thus far?**
Being the control person I am, allowing the staff to help build our investment and lending business so we as a company can succeed, and allowing myself time for my family at night and on weekends. Up until just two years ago, I was working constantly. From 7AM – 10PM. I think as a “baby-boomer,” my mindset was “I NEED to work.” It’s been difficult, but I am so proud to have passed that same mindset on to my children.
**What is the weirdest job you’ve ever had?**
Working for 2 brothers at the start of learning the lending business 7 years ago at a middle market lending company. That 1st job in lending lasted 8 months. I was hired as the COO of their business, but they had never had a COO, and didn’t seem to want any part of it. It was an interesting experience.
**What does true leadership mean to you?**
Leading by example and asking no more than I would do myself.
As the owner of a growing business and being a manager for over 25 years, I have the belief that asking employees to go above and beyond for the business will make much more sense if they see you going above and beyond themselves.
**What has been the most important innovation in your lifetime?**
Personal computers and cell phones have been life changing for sure, and for many reasons. Especially in regards to business.
**What would you do (for a career) if you weren’t doing this?**
I would be a caterer and/or travel agent. I plan all the parties at home, as well as events for my employees. I believe that food and drink make people happy, and I happen to do that well. I also love to plan trips for my family and friends. I am very good at creating itineraries.
**What are you most proud of?**
Fulfilling my dream of being an entrepreneur and building this fund and lending business from scratch. After working for big companies for the previous 25+ years, I always wanted to build something on my own. I did this on the first try, and can finally admit that I have a successful business. For years, I wouldn’t believe this business would continue, I believe it now. The niche of what we do is a key component in the U.S. economy and will always be needed.
**How do you measure success?**
Success is many things – being happy, providing for your family, building a company where the employees enjoy the work they are doing. Seeing a company grow and earning more is another way I measure success.
**If you could choose to have any superpower, what would it be?**
I would be a fortune teller. This way I can win the lottery whenever I want, and know when the economy is going to crash so I would know when to pull my money out. It would help me to be a better planner and organizer.
**What is your biggest pet peeve?**
People looking for instant gratification without putting the effort in to achieve results. Most people don’t get something for nothing. I want to see the effort put in. Too many people do little work and expect things handed to them.
**If you could, what advice would you give to your 18-year-old self?**
To take risks to achieve your goals early on in one’s career. Build a business! The first time I tried I was already 50 years old. Wouldn’t it have been great to have done that at 20 years old?
**I’m happiest when…**
I work hard and am successful in reaching and exceeding my goals. It makes me extremely happy to have passed this onto my family. My son fulfilled his three-year-old dream of becoming a police officer and just recently graduated the police academy. Now, I pass him in his police car, in the town he grew up in and I can’t help but feel proud. He wanted to do this his entire life, and he did it. Who else gets that?
**If you could witness any historical event, what would it be?**
Landing on the moon. It was an amazing feat that we were able to build an engineering system that could do that and bring someone back safely. But, actually being there would have been a much different experience than reading about it later.
**Any hidden talents?**
I am who you believe I am. To a fault, I’m honest. What you see is what you get whether you live with me, work with me or are friends with me.
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There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# 10 Best Practices for Flipping Houses in Texas
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 4, 2024 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Flipping houses in Texas can be a lucrative gig. Not only did the Lonestar State have the [second-biggest GDP](https://www.statista.com/statistics/248023/us-gross-domestic-product-gdp-by-state/) of any U.S. state in 2023, but from 2022 to 2023, it had the [largest numeric population growth](https://www.census.gov/newsroom/press-releases/2023/population-trends-return-to-pre-pandemic-norms.html).
This is good news for home flippers. It means demand for housing is strong, and those who supply it may be able to turn a hefty profit. But home flipping is easier said than done. To help ensure your next flip is a success, follow these tips:
## 1\. Choose the Right Market
Some Texas cities are better suited to home flipping than others. For example, Celina, TX, [ranked first nationwide for fastest population growth](https://www.usatoday.com/story/news/nation/2024/07/31/texas-fastest-growing-cites-us/74595428007/) between 2020 and 2023 (143.2%), while Big Spring ranked first for fastest population decline during the same period (-14.8%).
Similarly, some Texas markets show more favorable [appreciation trends](https://trerc.tamu.edu/article/texas-housing-insight/) than others. For example, from July to August 2024, the median house price in the Dallas-Fort Worth-Arlington metro jumped 2.3%, while it fell 2.8% in Austin-Round Rock-San Marcos.
To help ensure your flip will be profitable, choose a Texas city with positive market tailwinds.
## 2\. Get Good Repair Estimates
Renovation costs can make or break a flip. If they go over budget, you could end up losing money instead of making it. That’s why it’s crucial to get good repair estimates upfront, so you have an accurate idea of how much the rehab will cost, and whether it’s worth it.
Of course, repair estimates are only estimates. However, by reviewing the financials on past Texas flips and requesting quotes from local contractors, you can minimize the risk of budget overruns.
## 3\. Follow the 70% Rule When Flipping Houses in Texas
Once you’ve estimated repair costs, you can gauge how much you’re willing to pay for a distressed property. Here, it’s helpful to follow the “70% rule.”
The 70% rule states that investors should pay no more than 70% of a property’s after-repair value (ARV) minus repair costs. For example, if your market analysis estimates a property will be worth $500,000 after $100,000 worth of repairs, you shouldn’t offer more than $250,000 for it ($500,000 x 0.7 – $100,000 = $250,000).
This provides a financial cushion to help ensure enough profit remains after reselling the property for the project to have been worthwhile.
## 4\. Plan for Holding Costs
Holding costs are the ongoing expenses associated with owning property. They can include property taxes, mortgage payments, utility costs, home insurance, HOA fees, and more.
When flipping houses in Texas, you buy property intending to only hold onto it long enough to complete the needed rehab and resale. However, no matter how quickly you can get in and out of a deal, you’ll likely pay some holding costs.
To avoid being caught by surprise, find out exactly how much holding costs will be and then ensure you’ll have the funds to cover them.
## 5\. Stay on Schedule
Another way Texas flippers can run into cost overruns is by falling behind schedule. With every day that’s added to the original timeline, your holding and labor costs can increase.
To avoid unnecessary delays, closely monitor work progress and adjust the schedule as needed. It’s easier to avoid delays when you can anticipate potential roadblocks.
## 6\. Have Backup Exit Strategies
By definition, fix-and-flips are undertaken with the goal of reselling them for a profit. But what if home values or buyer activity fall and you’re unable to sell as planned?
For this reason, it’s always best to have a backup plan. For example, on top of relisting the property for sale, you could explore what it would take to turn it into a long-term rental or offer seller financing to attract buyers unable to qualify for a traditional mortgage.
While quickly reselling the property for a profit is still the goal, it never hurts to have options.
## 7\. Secure Necessary Approvals and Permits
Before taking on a fix-and-flip, ensure the final product will comply with local zoning regulations and building codes. This is especially important for adaptive reuse projects (i.e., giving an old building a new purpose).
As a flipper, you don’t want to finish a project just to realize it’s not up to code or that you didn’t get the necessary building permits. In the worst-case scenario, you could get stuck with a property you’re unable to sell without extensive rework. To avoid legal trouble while flipping houses in Texas, consult local real estate attorneys and agents.
## 8\. Prioritize Renovations With the Highest ROI
Not all home renovations are equal—at least from an ROI perspective. According to the [2024 Cost vs. Value Report](https://www.remodeling.hw.net/cost-vs-value/2024/key-trends-in-the-2024-cost-vs-value-report), nine out of the top ten projects with the highest ROI are exterior improvements, suggesting home values are highly sensitive to curb appeal.
For example, renovations with the highest ROI include garage door replacements (194%), steel door replacements (188%), and manufactured stone veneer (153%).
As a home flipper, it’s best to focus on renovations that yield the most return. After all, ROI is ultimately what determines your success.
## 9\. Check for Soil and Foundation Issues
Many areas of Texas have expansive clay soils that can damage home foundations. As a result, it’s best practice to check a house for foundation cracks and settling before buying it so you know what you’re getting into.
If the home purchase price is low enough, a foundation repair could fit into the flipping budget. In other cases, it may be a red flag and you’re better off moving on.
## 10\. Flipping Houses in Texas? Get a Fix-and-Flip Loan
Buying a house in Texas can be expensive—even if it’s distressed. [According to the latest data from Realtor.com](https://fred.stlouisfed.org/series/MEDLISPRITX), the state’s median home listing price is $370,739.
That’s why most [Texas home flippers finance their deals](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/fix-and-flip-loans/) with a fix-and-flip loan. These short-term bridge loans can fund the acquisition and renovation of a property just long enough for its eventual resale.
Not sure where to start? Contact a [Texas asset-based lender](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/) like ABL today to learn more!
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# Contact Us
Asset Based Lending is located in Jersey City, New Jersey. We provide rehab loans/hard money loans to qualified real estate investors. ABL has been helping real estate investors finance their activities since 2010. We provide rehab and hard money loans to qualified real estate investors in [36 states](https://www.ablfunding.com/where-we-lend/) and counting.
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## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/about/contact-us/#)
**Asset Based Lending, LLC**
30 Montgomery Street
Suite 150
Jersey City, NJ 07302
[201.942.9089](tel:1-201-942-9089)
[info@abl1.net](mailto:info@abl1.net)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Application Successful
## Congratulations, your loan application has been submitted!
Your loan application has been sent to the proper Loan Officer for review. After it has been reviewed, your Loan Officer will call to discuss the deal and answer any questions you may have.
If you would like to speak with someone immediately, please call (201) 942-9090 or email info@abl1.net.
We look forward to funding this project for you!
As of July 31, 2021
2,800+
Projects Funded
$750MM+
Loans
Made
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Fix And Flip Resources
## A Free Library Of Fix & Flip Resources For Real Estate Investors
For real estate investors looking to improve their [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) business, break into the industry,
or simply catch up on the latest research and statistics, this library is designed for you.
### Hard Money Deal Calculator
Before jumping into a deal, it’s important to have a firm understanding of the entire deal scenario. Use our free fix and flip deal estimator to crunch the numbers and evaluate your potential deals.
[Use the calculator](https://www.ablfunding.com/hard-money-loan-deal-calculator/)
### Ebooks & Whitepapers
Written by the expert team at ABL, with the help of top real estate professionals, these free educational materials provide a solid foundation for investors seeking to improve their business.
[Browse library](https://www.ablfunding.com/fix-flip-resources/real-estate-ebooks-whitepapers/)
### Real Estate Blog
From interior design trends to real estate market analysis and everything inbetween, the ABL blog covers a wide variety of real estate investing topics and industry news.
[Read the blog](https://www.ablfunding.com/blog/)
### Infographics
Fun, visual methods of analyzing data that includes topics from targeting millennial homebuyers to hiring contractors.
[Browse library](https://www.ablfunding.com/fix-flip-resources/infographics/)
### Case Studies
Get inspired by real estate investors before you. Review deal scenarios, outcomes, and before/after pictures.
[See case studies](https://www.ablfunding.com/case-studies/)
### Recently Funded
Updated every month with the deal economics & pictures from some of our recently funded hard money loans.
[See deals](https://www.ablfunding.com/case-studies/recently-funded/)
### Tips For Flips
Join over 1,000 real estate investors who get bite-sized fix and flip tips in their inbox each day! Smarter investing through 21 tips in 21 days.
[Sign up now](https://www.ablfunding.com/tips-for-flips/)
### Videos
Browse our extensive library of videos including partner interviews, before & afters, and educational sessions.
[Browse video library](https://www.youtube.com/channel/UC7jqn4VYsfPVOIVrfoUpP1w/videos)
### FAQs
Get answers to the most commonly asked ABL and hard money lending related questions.
[View FAQs](https://www.ablfunding.com/case-studies/faq/)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Philadelphia PA Fix And Flip Loan
# Philadelphia PA Fix And Flip Loan
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Philadelphia, PA
**Borrower Profile:** Professional investors
**Purchase Price:** $75,000
**Renovation Budget:** $150,000
**Loan Amount:** $185,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase And Rehabilitation
**ARV:** $380,000
Situation:
Asset Based Lending originated this hard money loan for the purchase and rehab of a single family home in Philadelphia Pennsylvania. The borrowers are professional investors, having completed 8 similar projects in the last 18 months. The property is adjacent to a 3 story house, so the borrowers similarly plan to expand their house to 3 stories in order to increase square footage and the ultimate value of the property.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# REI Networking: Flips And Funding
## Calling All NJ And NY Real Estate Investors!
Join Asset Based Lending, Clear Skies Title, Cardinal Financial Company, and Manuel Lago Law on February 20th for a great evening of food, drink, and real estate networking. Whether you want chat with loan officers about existing deals you need funded, or simply mingle with other investors and industry professionals, this event has you covered.
#### Plus: small group sessions with ABL owners/underwriters
In addition to great networking, we’re offering small groups of interested investors the chance to sit down with an owner/underwriter from ABL before the event to get 1 on 1 answers to all of your questions. Get your information straight from the decision-makers! **Space is limited so reserve your spot now!**
| | |
| --- | --- |
| #### Details | #### Venue |
| **Date:** February 20th | **Pier 115** |
| **Time:** 6:30pm – 9pm | 115 River Rd, Edgewater, NJ 07020
[\+ Google Map](https://www.google.com/maps/place/Pier+115+Bar+%26+Grill/@40.8036464,-73.9877593,15z/data=!4m2!3m1!1s0x0:0x26f35705ef01afa9?sa=X&ved=0ahUKEwj66NmjkKnRAhXGWCYKHbegCQ8Q_BIIcjAK) |
| **Cost:** FREE | **Phone:** (201) 313-2155 |
**Space Is Limited! Let Us Know You’re Coming.**
First Name
Last Name
Email
Phone
Bringing Guests?
No+1+2+3+4+5I'm Bringing More Than 5 People!
This field is hidden when viewing the form
What Would You Like To Discuss In This Session?
98613
Δ
#### Event Co-Hosts:
#### Meet Other Real Estate Investors
Break bread and grab a drink with local like-minded real estate investors.
#### Hard Money From The Experts
Chat with our hard money lending specialists about financing your next project.
#### Find Your Local Support Team
Meet with all of the critical vendors your real estate project will need.
[](https://www.ablfunding.com/team/kevin-rodman/)
Kevin Rodman
Partner
[](https://www.ablfunding.com/team/paul-a-ullman/)
Paul A Ullman
Co-Managing Partner
[](https://www.ablfunding.com/team/daniel-a-leyden/)
Daniel A Leyden
Co-Managing Partner
[](https://www.ablfunding.com/team/paul-a-ullman/)
Susan Botros
VP of Sales (NJ)
[](https://www.ablfunding.com/team/kevin-rodman/)
Zak Blechman
NJ Loan Officer
[](https://www.ablfunding.com/team/daniel-a-leyden/)
Nik Gak
NY Loan Officer
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Philadelphia PA New Construction
# Philadelphia PA New Construction
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Philadelphia, PA
**Borrower Profile:** Experienced Investor
**Work Description:** Tear Down and New Construction
**Purchase Price:** $500,000
**Renovation Budget:** $578,000
**Loan Amount:** $925,000
**Cash Available for Purchase:** $322,000
**Cash Available for Renovation:** $578,000 (Construction)
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase and New Construction
**ARV:** $1,380,000
**Sale Price:** $1,409,500
**Time To Pay Off:** 13 months
Exterior – Before
Exterior – After
Situation:
Believe it or not, this property was first purchased as a community church and transformed into three beautiful townhomes. Our investors took out a [hard money loan](https://www.ablfunding.com/loan-programs/) to fund the purchase of this property and the construction of three out of the five residences. In order to complete this [new construction project](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), after gathering all necessary permits, a full interior demolition and exterior redesign was performed. Next, our investors installed brand new piping systems, gas and water lines, electrical systems and any necessary connections followed by the framework for each three bedroom, two and a half bath unit. Moving forward, all new windows, interior and exterior doors, drywall and wood flooring were added to each unit. Our investors completed their build with new cabinets, granite countertops, stainless steel appliances, fresh neutral paint, tiled bathrooms and ample closet space. Not only were each of these townhomes beautiful – a balcony, private yard and designated parking space were added for each unit, undeniably giving these homes the “WOW” factor!
Outcome:
Philadelphia PA New Construction Example \| Hard Money Lender For New Construction - YouTube
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# Reliable Hard Money Lenders In Tennessee
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ABL Borrower Review - Harry A - YouTube
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## Tennessee Fix and Flip, New Construction, & Rental Loans
Asset Based Lending is the premier Tennessee hard money lender, bringing over a decade of loan experience and thousands of projects funded for over $1 Billion. We offer hard money loans for fix and flips and [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), as well as [cash out refinances](https://www.ablfunding.com/loan-programs/rental-loans/) and term rental loans in Tennessee. ABL specializes in quick closings, approving loans as fast as 24 hours and closing as little as two days with the appropriate paperwork. We focus on flexible underwriting to provide a variety of hard money loan options to best suit your project, whether you’re looking for lowest interest rate, maximum leverage, zero points, or something else.
ABL’s loans in Tennessee are fully serviced in-house, from the underwriting to the draw management, guaranteeing every ABL borrower a five-star experience from the first call to the final payoff. Our team are experts in local Tennessee real estate, understanding the investment needs of a fix and flip in Memphis are much different than a Nashville new construction loan. Whether you’re a new investor working on their first fix and flip in Knoxville or an experienced investor growing their Chattanooga rental portfolio, ABL is ready to partner with you. Fast closings, flexible underwriting, local knowledge, and a streamlined loan process- that’s the ABL Difference. [Contact us](https://www.ablfunding.com/about/contact-us/) today to be approved for your Tennessee hard money loan.
## The Most Reliable Hard Money Lender in Tennessee
Asset Based Lending started in 2010 as a local hard money lender in Jersey City, New Jersey. After ten years and $1 Billion in projects funded, ABL is now the premier direct lender for real estate investors across the country. As trusted and experienced lenders, we pride ourselves on the strong business relationships we’ve built with the best local appraisers, attorneys, and title agents in the Tennessee real estate markets. These relationships help us deliver a smooth and easy loan process from start to finish, so you can focus on your project while we focus on everything else.
As investors ourselves, we understand what borrowers need to close their loans and complete a successful real estate investment. ABL uses flexible underwriting and quick closings to provide the most reliable hard money loans for Tennessee real estate investors. We value transparency, with no hidden fees or surprise costs at any point of the loan and direct access to decision makers whenever you have a question or concern. With hundreds of five-star reviews and more than half of our borrowers returning for repeat business, its clear that Asset Based Lending is the best hard money lender Tennessee has to offer.
**Prequalify Today** Get approved for your next project with our hard money lenders in Tennessee, or learn more about our various loan programs below:
- [Fix and Flip](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-fix-and-flip-loans/)
- [New Construction](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-new-construction-loans/)
- [Rental Loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-rental-loans/)
Greg Dietz
VP & Advisory Loan Officer
[(615) 656-3550](tel:(615) 656-3550) [GD@abl1.net](mailto:GD@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/tennessee/#)
**ABL Lends in:**
ABL lends in all of non-rural Tennessee, pending property and borrower underwriting
Greg Dietz
VP & Advisory Loan Officer
Before joining Asset Based Lending, Greg attended Indiana University where he graduated with a Bachelor’s in Finance with a focus on real estate. Since 2004, he’s completed over $3 billion in transactions as a real estate professional across the lending and investing space. He has experience with a global PE firm, represented buyers and sellers of commercial real estate, and helped scale a private lending platform. Now, he helps real estate investors across Tennessee receive the fast and reliable financing that only ABL can offer. Greg is a huge fan of traveling and has visited 62 different countries!
ABL Borrower Review - Harry A - YouTube
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[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
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TN Real Estate Market Highlights
#### AVG HOME SALE PRICE
$375,000
+20% YOY, April 2022
#### AVG DAYS ON MARKET
27 Days
April 2022
#### INCREASE IN NEW CONSTRUCTION
\+ 32%
YOY Increase, Q1 2022
#### AVG FIX & FLIP REVENUE
$68,980
2020
#### POPULATION GROWTH
\+ 8.9%
2010 – 2020
#### HOMES SOLD
7,992
+4% YOY Increase, Q1 2022
Recently Funded Projects
## [Nashville TN New Construction](https://www.ablfunding.com/casestudy/nashville-tennessee-hard-money-new-construction-loan-2/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family Detached
**Purchase Price:** $525,000
**Construction Budget:** $897,270
**Loan Amount:** $1,264,000
**Loan Purpose:** Refinance & New Construction
**ARV:** $2,000,000
[View Deal Info](https://www.ablfunding.com/casestudy/nashville-tennessee-hard-money-new-construction-loan-2/)
## [Walland, TN New Construction Loan](https://www.ablfunding.com/casestudy/walland-tennessee-hard-money-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Real Estate Investor
**Work Description:** New Construction -Single-Family Detached
**Purchase Price:** $140,000
**Renovation Budget:** $883,050 (Construction)
**Loan Amount:** $903,000
**Loan Purpose:** Cash Out & Property New Construction
**ARV:** $1,411,000
[View Deal Info](https://www.ablfunding.com/casestudy/walland-tennessee-hard-money-new-construction-loan/)
## [Memphis, TN DSCR Loan](https://www.ablfunding.com/casestudy/memphis-tennessee-dscr-rental-loan-2/)
**Borrower Profile:** First Time Borrower –Real Estate Investor
**Purchase Price:** $67,000
**Appraised Value:** $145,000
**Loan Amount:** $94,250
**Loan Purpose:** Cash Out Refinance
**DSCR:** 1.66
[View Deal Info](https://www.ablfunding.com/casestudy/memphis-tennessee-dscr-rental-loan-2/)
## [Pigeon Forge, TN New Construction](https://www.ablfunding.com/casestudy/pigeon-forge-tennessee-hard-money-new-construction-loan/)
**Borrower Profile:** First Time Borrower – Experienced Estate Developer
**Work Description:** New Construction — Single-Family Detached
**Purchase Price:** $250,000
**Renovation Budget:** $636,840
**Loan Amount:** $715,000
**Loan Purpose:** Cash Out Refinance & New Construction
**ARV:** $1,150,000
[View Deal Info](https://www.ablfunding.com/casestudy/pigeon-forge-tennessee-hard-money-new-construction-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/tennessee/#) [Next](https://www.ablfunding.com/where-we-lend/tennessee/#)
[1](https://www.ablfunding.com/where-we-lend/tennessee/#) [2](https://www.ablfunding.com/where-we-lend/tennessee/#) [3](https://www.ablfunding.com/where-we-lend/tennessee/#) [4](https://www.ablfunding.com/where-we-lend/tennessee/#)
Tennessee Hard Money Loans For Real Estate Investors
### Quick Closing Fix and Flip Loans
Asset Based Lending partners with real estate investors that know how to transform a distressed or mundane property into a gorgeous home and sell it for a higher value. We understand that most investors don’t have the capital to fund these major rehab projects, so we offer hard money fix and flip loans for real estate investors in Tennessee. These 12-month bridge loans are meant to finance the purchase and rehab of the property, allowing investors to complete their project and earn a profit based on the final sale of the property. ABL flip loans provide funding up to 85% of property purchase price and 100% of the rehab costs. Whether you’re flipping your first property or are a full-time flipper, ABL is ready to finance your next success.
ABL understands that speed and reliability are what investors need from Tennessee hard money lenders so we specialize in closing deals as quickly as 10 days or less, with loan approval in just 24 hours. We offer flexible underwriting for our flip loans so borrowers can choose lower interest rates, maximum leverage, zero points, or another option that suits their needs. Our team are experts in local real estate, understanding that a single-family flip in Memphis needs different criteria than a multi-family flip in Nashville. Whether you’re flipping your first property or are a full-time flipper, ABL is ready to finance your next success. Click here to learn more about our Tennessee [fix and flip loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-fix-and-flip-loans/).
### Reliable New Construction Loans for Experienced Investors
Housing inventory is at record-lows across Tennessee, which means demand for residential new construction is peaking. ABL provides [hard money loans](https://www.ablfunding.com/loan-programs/) for new construction to real estate investors that want competitive interest rates, flexible underwriting, and fast draw turnarounds. Our hard money new construction loans are only available to experienced investors, builders, and contractors who have recent experience with new construction. These new construction loans allow investors to borrow up to 90% of the land value and 100% of the construction costs.
ABL tailors each new construction loan to match the specific project, providing loan flexibility that’s unmatched by other hard money lenders in Memphis, TN or Knoxville, TN. We assess the investor’s experience level and viability of the proposed build to ensure the deal is profitable for all parties. Click here to learn more details about our TN new construction loans.
### Rental Loans For BRRRR Investors
Asset Based Lending offers the most reliable and straightforward rental loans for [BRRRR](https://www.ablfunding.com/brrrr-calculator/) investors that Tennessee has to offer. These private rental loans are meant for buy and hold investors that want to secure 1-8 family properties. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options.
ABL’s unique capital structure allows us to provide single rental loans up to $3M and rental portfolio loans up to $6.25M. We offer these loans in Tennessee to investors of all experience levels, assessing each deal based on the income-producing viability of the property. Our team are experts in the local real estate markets and are focused on delivering a five-star experience to each of our borrowers. If you’re ready to grow your real estate business with our Tennessee [rental loans](https://www.ablfunding.com/where-we-lend/tennessee/tennessee-rental-loans/), contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Fix & Flip Cheat Sheet: Targeting Millennial Homebuyers \[Infographic\]
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jul 3, 2018 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
## Making up [35% of the homebuyer market](https://www.bankrate.com/finance/real-estate/must-haves-to-sell-to-young-homebuyers-1.aspx), millennial homebuyers outnumber those of every other generation.
Gen X comes in second with 26% of the market. That means that your most likely target demographic as a seller is the Millennial generation. Read on and check out the infographic below to learn some of the key characteristics millennials are looking for in potential homes.
### Millennial Profile
Millennials were [born between 1980 and 2000](https://www.goldmansachs.com/our-thinking/pages/millennials/) and range in age from 18 to 37. The median household income for millennials is $88,200, slightly below the market average of $88,800. Married couples are the most likely to purchase a home, followed by single women and unmarried couples; single men are the least likely demographic to purchase a home.
### Millennial Homebuyer Concerns
Although only [68% of millennials](https://www.inc.com/john-white/how-millennials-are-changing-the-housing-market.html) view their starter homes as stepping stones to their dream homes, [82% say buying a home is a priority](https://www.nerdwallet.com/blog/2018-home-buyer-report/). The generation’s biggest concerns about purchasing a house are the costs of buying and maintaining a home and the time it takes to take care of a home. Since millennials are slower to marry than previous generations – and because both partners often continue working after marriage – millennials have less free time to put into cleaning and repairing their properties.
[](https://www.ablfunding.com/wp-content/uploads/2018/07/Millennial-Cheat-Sheet-1.png)
## Millennial Must-Haves
**Green Features** Millennials are [the most educated generation](https://educationinitiative.thepacificinstitute.com/articles/story/millennials-changing-the-face-of-higher-education), and they value the economical and environmental advantages from investing in green tech like certified energy efficient appliances, LED lights, and solar panels.
**Updated Kitchen and Bath** On the same token, 75% of millennials want new appliances; if your property has appliances more than a year old, you should upgrade for maximum appeal.
**Tech Support** As smarthomes become more prevalent, homebuyers are growing more conscious of a home’s WiFi compatibility. Ensure that each room has high-speed WiFi and plenty of plugs to charge devices.
**Good Location** Ideally, homes targeted toward millennials should be located in the suburbs and close to public transportation. More than half of this generation is buying homes in the suburbs while only 15% are purchasing in urban areas. Additionally, 65% say that a convenient location to their job is a key factor in choosing a property.
**Open Concept** Young people today don’t need formal dining rooms; at parties, people tend to drift from the kitchen to the living room, making an open floor plan the most desirable layout for entertaining. Additionally, millennials are looking for smaller homes than their parents and an open concept lessens the space wasted on walls and makes rooms feel larger.
## Make Them Fall in Love
**Flexible Space** This generation is all about maximizing space; while they want the option of having dining rooms, offices, and spare bedrooms, they don’t necessarily need them available at all times. If your rooms can easily shift purposes – say, an office that doubles as a spare bedroom or a dining room that converts to a workspace, young buyers will be thrilled.
**Goldilocks Layout** Millennials’ ideal home is a [3 bed, 2 bath with a minimum of 1000 sq. ft.](https://nahbnow.com/2018/01/what-millennial-home-buyers-want/) of living space. With lower incomes than their parents and more student debt, millennials can’t afford the extra square footage of a McMansion, nor do they want to pay for space they don’t need. Instead of building a bigger home, make sure you utilize all the space you have, including attics, basements, and side yards.
**Instagrammable Design** Growing up with sites like Pinterest and Instagram, this generation is especially adept at recognizing good design. They want high-end finishes like quartz countertops, stone detailing, and hardwood floors. Choose white or light-colored paints; create contrast with black detailing and stainless steel appliances. Select features that are sleek, modern, and high-tech for the most “Instagrammable” home.
## Real Estate Marketing to Millennials
**High Quality Photos** For millennials, the first screening of potential homes occurs online, not at open houses; [99% searched for potential properties online](https://www.inc.com/john-white/how-millennials-are-changing-the-housing-market.html) and 75% did drive-bys after finding a home they liked. Stage your home and hire a professional to take your listing photos.
**Video Walkthroughs** Not only are video walkthroughs a great feature to add to your online listings, but VR marketing is growing in popularity; 71% of millennials view VR favorably.
**Tech Trend: Drone Footage** Drones provide [more effective marketing](https://www.realtor.com/advice/sell/how-to-sell-a-house-in-2018/) than traditional photos; with these devices, you can capture sweeping aerial views of your property that show off the exterior, the neighborhood, and the landscaping.
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# Infographics
## Browse our library of real estate infographics below!
Build your statistical knowledge with our library of fix and flip infographics and data-driven blog posts.
### The Millennial Cheat Sheet
Making up 35% of the homebuyer market, millennial homebuyers outnumber those of every other generation.
[View infographic](https://www.ablfunding.com/targeting-millennial-homebuyers/)
### Identifying A Good Area
How to find promising neighborhoods for fix & flip or buy and hold real estate investing.
[View infographic](https://www.ablfunding.com/how-to-find-up-and-coming-neighborhoods-for-investing/)
### Why Use Smart Tech?
While smart homes are considered a luxury today, smart device market penetration increases every year.
[View infographic](https://www.ablfunding.com/fix-flip-smart-technology/)
### Top 10 FL Fix & Flip Cities
Florida is the fourth most populous state in the nation, so the plethora of fix and flip opportunities there is not surprising.
[View infographic](https://www.ablfunding.com/the-best-cities-in-florida-to-fix-and-flip/)
### Top 10 NJ Fix & Flip Cities
New Jersey’s fix and flip market is extremely active, so we’ve compiled a list of the top 10 hottest fix and flip cities.
[View infographic](https://www.ablfunding.com/here-are-the-top-10-fix-flip-cities-in-new-jersey/)
### Why Hire A Photographer?
Professional listing photos are an easy and inexpensive tool for real estate investors.
[View infographic](https://www.ablfunding.com/flipping-houses-101-hiring-a-photographer-to-take-listing-photos/)
### 4 Profit-Killing Mistakes
When it comes to real estate investing, even the savviest investors make mistakes their first time around.
[View infographic](https://www.ablfunding.com/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
### Tips For Hiring A Contractor
Gut renovation or minor updates, choosing a contractor can be one of the trickiest parts of any project!
[View infographic](https://www.ablfunding.com/10-pro-tips-hiring-contractor-infographic/)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Where We Lend
## Find Local Hard Money Lenders Near You
**Since 2010 when we funded our first hard money loan in our home state of New Jersey, Asset Based Lending has expanded its hard money lending areas to also include Connecticut, Florida, Georgia, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Washington DC, and Virginia.**
Wondering where to find private hard money lenders? We’re often asked how we decide which states to lend in, and the answer is quite simple; we lend in the locations that we know the best. We like to think of ourselves as a partner and trusted adviser to our borrowers. For this reason, we only lend in areas that we are intimately familiar with and where we have a proven network of local service providers to help support the investment project. Contact us today to learn how to find private hard money lenders for real estate in your area.
[](https://www.ablfunding.com/about/testimonials/)
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
## Where We Lend
[Alabama](https://www.ablfunding.com/where-we-lend/alabama-hard-money-lenders/)
[Colorado](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/)
[Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/)
[Kansas](https://www.ablfunding.com/loan-programs/)
[Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/)
[Mississippi](https://www.ablfunding.com/where-we-lend/mississippi/)
[New Hampshire](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/)
[Ohio](https://www.ablfunding.com/where-we-lend/ohio/)
[Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/)
[Virginia](https://www.ablfunding.com/where-we-lend/virginia/)
[Wisconsin](https://www.ablfunding.com/where-we-lend/wisconsin/)
[Arizona](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/)
[Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/)
[Idaho](https://www.ablfunding.com/loan-programs/)
[Kentucky](https://www.ablfunding.com/where-we-lend/kentucky/)
[Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/)
[Missouri](https://www.ablfunding.com/where-we-lend/missouri/)
[New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/)
[Oklahoma](https://www.ablfunding.com/where-we-lend/oklahoma/)
[South Carolina](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/)
[Washington](https://www.ablfunding.com/where-we-lend/washington/)
[Washington DC](https://www.ablfunding.com/where-we-lend/washington-dc/)
[Arkansas](https://www.ablfunding.com/where-we-lend/arkansas/)
[Delaware](https://www.ablfunding.com/where-we-lend/delaware-hard-money-lenders/)
[Illinois](https://www.ablfunding.com/where-we-lend/illinois/)
[Louisiana](https://www.ablfunding.com/where-we-lend/louisiana-hard-money-lenders/)
[Michigan](https://www.ablfunding.com/where-we-lend/michigan/)
[Nebraska](https://www.ablfunding.com/loan-programs/)
[New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/)
[Oregon](https://www.ablfunding.com/where-we-lend/oregon-hard-money-lenders/)
[Tennessee](https://www.ablfunding.com/where-we-lend/tennessee/)
[West Virginia](https://www.ablfunding.com/loan-programs/)
[California](https://www.ablfunding.com/where-we-lend/california/)
[Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/)
[Indiana](https://www.ablfunding.com/where-we-lend/indiana/)
[Maine](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/)
[Minnesota](https://www.ablfunding.com/where-we-lend/minnesota-hard-money-lenders/)
[New Mexico](https://www.ablfunding.com/loan-programs/)
[North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/)
[Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/)
[Texas](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/)
[Wyoming](https://www.ablfunding.com/loan-programs/)
[](https://www.ablfunding.com/where-we-lend/)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Illinois
## Illinois Hard Money Lenders
Asset Based Lending (ABL) stands among the leading hard money lenders in Illinois providing direct lending services statewide with extensive experience from Chicago to Aurora since 2017.
ABL offers real estate investors 12-month interest-only bridge financing for [fix and flip projects](https://www.ablfunding.com/where-we-lend/illinois/illinois-fix-and-flip-loans/), [new construction](https://www.ablfunding.com/where-we-lend/illinois/illinois-new-construction-loans/), and [cash-out refinancing](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/), along with [term rental loans](https://www.ablfunding.com/where-we-lend/illinois/illinois-rental-loans/) for buy-and-hold investors. Whether you’re a first-time flipper or an experienced investor, ABL delivers fast closings and flexible terms tailored to your real estate investment strategy.
## The Best Private Hard Money Lenders in Illinois
Our team partners with the best title agents, appraisers, and attorneys in the Prairie State to ensure our borrowers have a smooth loan process from their first phone call to their final loan payoff.
Our streamlined hard money loan Illinois process requires just a credit score and liquidity proof—no extensive paperwork needed. With hundreds of five-star reviews and over 50% repeat business, real estate investors choose ABL because we’re invested in your success and are available to help you every step of the way.
Matthew Kozak
VP of Lending
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/illinois/#)
**ABL Lends in:** ABL lends in all of Illinois, pending property and borrower underwriting
Matthew Kozak
VP of Lending
Coming Soon.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
“They’re more than just a lender to me,
They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
IL Real Estate Market Highlights
#### AVG HOME SALE PRICE
$287,400
+3% YOY, May 2022
#### AVG DAYS ON MARKET
32 Days
March 2022
#### TOTAL FIX AND FLIPS
4493
2020
#### AVG FIX AND FLIP PROFIT
$76,690
2020
#### POPULATION GROWTH
\+ 5%
December 2021
#### HOMES SOLD
114,772
+25% YOY Increase, Q2 2021
Recently Funded Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/illinois/#) [Next](https://www.ablfunding.com/where-we-lend/illinois/#)
[1](https://www.ablfunding.com/where-we-lend/illinois/#) [2](https://www.ablfunding.com/where-we-lend/illinois/#) [3](https://www.ablfunding.com/where-we-lend/illinois/#) [4](https://www.ablfunding.com/where-we-lend/illinois/#)
Illinois Hard Money Loans For Real Estate Investors
### Fix and Flip Loans
Asset Based Lending stands as one of Illinois’ top hard money lenders, delivering swift closings and flexible fix and flip loans to maximize investor returns. Our Illinois hard money loans close within ten business days, providing up to 90% of purchase and 100% of renovation costs through 12-month interest-only terms. As experienced hard money lenders in Illinois, we structure these bridge loans to help investors fund both acquisition and rehab costs, with no prepayment penalties so they can quickly move to their next project.
### New Construction Loans
As one of the leading hard money lenders in Illinois, ABL provides new construction loans funding up to 90% of land value and 100% of construction costs to experienced developers. Our Illinois hard money loans are structured to help builders acquire, complete, and sell projects through one streamlined process. We offer fast closings and flexible terms designed specifically for experienced builders looking to scale their development business in today’s competitive market.
### Rental Loans
Asset Based Lending provides simple and reliable rental loans that allow real estate investors to buy and hold properties across popular Illinois markets. Our rental loans start as low as 5% with leverage up to 80% and various options to match your investment strategy. We provide rental loans for properties between 1-8 units across different housing types such as single family, multifamily, condos, town homes, and single apartments.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Missouri
## The Premier Missouri Hard Money Lender
Financing your real estate investment should be quick and simple, so you can focus on the project at hand instead of worrying about capital. Asset Based Lending offers fast and reliable hard money loans for real estate investors across Missouri for fix and flips and new construction, as well as [cash out refinances](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) and loans for rental property. ABL uses a fully in-house team for our bridge and term loan programs while partnering with the best local appraisers, attorneys, and title agents in our lending areas. Our goal is to deliver a seamless loan process from start to finish, as highlighted by our hundreds of [five-star reviews](https://www.ablfunding.com/about/reviews/). After you experience the ABL Difference, you’ll never use another hard money lender.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans as fast as 24 hours. Our Missouri private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/missouri/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/missouri/#)
**ABL Lends in:** ABL lends in all of non-rural Missouri, pending property and borrower underwriting
Maryem Haddoumi
Loan Officer
Coming Soon.
Torin Francis
Loan Officer
Coming Soon.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
“They’re more than just a lender to me, **they’re a partner of mine.**”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
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[Watch on YouTube](https://www.youtube.com/watch?v=yX550_W9v9g "Watch on YouTube")
“Anyone who wants to get into this business, **go with ABL. They’re the best.**”
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
MO Real Estate Market Highlights
#### AVG HOME SALE PRICE
$252,200
+8% YOY, August 2022
#### AVG DAYS ON MARKET
14 Days
August 2022
#### HOME OWNERSHIP RATE
68%
Q1 2022, +3.6% Above National Average
#### AVG FIX & FLIP PROFIT
$32,894
Q1 2022
#### RES. CONSTRUCTION PERMITS ISSUED
21,372
2021
#### UNEMPLOYMENT RATE
2.8%
Below National Average, August 2022
## Local Information For Missouri Real Estate Investors
Missouri’s local real estate markets have grown substantially over the last few years, with the metro areas surrounding St. Louis and Kansas City being some of the biggest benefactors. The average home sale prices have risen year over year for the last five years, and current average sale prices are at a five-year-high for the state. As of August 2022 the average home sale price reached $252,500 which is slightly more than an 8% increase year over year. Homes are spending an average of 14 days on market, which is 6 less days than the previous year and highlights the fast-moving nature of the current market. Number of homes sold for the month are 8,205, a slight drop from the previous year and an indicator of a market correction versus a market downturn. Currently there are 24,081 homes for sale in Missouri which represents approximately two months of available inventory, meaning the state is in a seller’s market that benefits real estate investors. More than 99% of homes sold received their initial asking price in full, meaning sellers have an advantage during the negotiation process and can essentially plan their project’s final sale price ahead of time. With demand outpacing supply and average sale prices continuing to rise, investors should consider Missouri for their next fix and flip, new construction, or rental property investment.
## Recommended Neighborhoods For Missouri Real Estate Investing
Asset Based Lending are experts in local Missouri real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best Missouri neighborhoods for real estate investors are:
**Chesterfield** This suburb of St. Louis is the heart and soul of local culture, with a beautiful view of the Missouri River. This highly desirable Missouri location can see its high points reflected in the rising real estate prices and strengthening local economy. The average home sale price for the area is $497,500 which represents a 12% increase year over year. Only 62 homes are available for sale which is a 38% decrease from the previous year and highlights the active demand in the area that’s leaving gaps in inventory, which new construction could take advantage of. Nearly 70% of the homes sold are receiving more than the initial asking price, so seller’s have the upper hand in negotiations. As of August 2022, the area is boasting an unemployment rate of 1.7%, an attractive statistic for investors looking to grow their money over time.
**Columbia** Sitting almost exactly in the middle of the two major metro areas is Columbia, home to the University of Missouri. The high demand for student housing as well as the consistent number of jobs being brought to the area through the college and other local employers has helped boost the real estate market. Tourism has also increased in the area thanks to the university’s increasing reputation and city continuing to capitalize on its growth with increased attractions and its developed downtown area, making short term rental properties such as Airbnb a strong investment. Currently the average sale price for the area is at $247,000 which marks a 6% increase year over year. Highly desirable homes are selling as quickly as nine days from the initial listing date and can sell upwards of 7% above the asking price, making it an excellent location for both fix and flips and new construction projects.
**Raymore** This suburb of Kansas City has benefited from the metro area’s growth over the last few years, boasting a nearly 22% year over year increase in its average home sale prices. With the current average sale price at $365,000 marking a five-year-high for the area, homes are selling in only 13 days on average, making this location highly competitive and highly lucrative for real estate investors. The area has seen its job market increase by 1.3% over the last year, with a projected 10-year-growth of 33%, making this an excellent location for growing your money over time through real estate investments. Whether its taking advantage of the growing rental market or capitalizing on the rising home sale prices through flips or new construction, Raymore is a top area for Missouri real estate investors.
Recently Funded Fix & Flip Projects
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
## [Rahway, New Jersey Fix & Flip](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehab
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Kennebunk, Maine Fix & Flip](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** Cosmetic Renovation — Multifamily 4
**Purchase Price:** $485,000
**Renovation Budget:** $120,000
**Loan Amount:** $464,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $665,000
[View Deal Info](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/missouri/#) [Next](https://www.ablfunding.com/where-we-lend/missouri/#)
[1](https://www.ablfunding.com/where-we-lend/missouri/#) [2](https://www.ablfunding.com/where-we-lend/missouri/#) [3](https://www.ablfunding.com/where-we-lend/missouri/#) [4](https://www.ablfunding.com/where-we-lend/missouri/#)
Missouri Fix And Flip Hard Money Loans
## Financing Your Missouri Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with a focus on flexible underwriting that allows us to work with several different types of rehab projects. We’re able to close our rehab loans in 10 days or less on average, so you’ll never miss out on a potential deal. These 12-month interest-only [bridge loans](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/) allow Missouri investors the ability to acquire property and begin renovating with the most competitive rates on the market, including the industry’s only true zero-point program. ABL offers funding that covers up to 85% of purchase price and 100% of the rehab costs. Whether you’re working on your first fix and flip or a seasoned professional, ABL is ready to finance your flip. Click to learn more about our [Missouri fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why Missouri Investors Choose Fix And Flips
Fix and flips are one of the most consistent and reliable forms of real estate investing, offering profits that allow investors the ability to funnel that capital into their next projects. Right now Missouri fix and flips are on the rise, with a total of nearly 8% of home sales in the state attributed to flips. Missouri fix and flip investments are seeing an average profit of $32,894 as of Q1 2022 More than one-third of real estate investors use outside financing for their projects, with [hard money lenders](https://www.ablfunding.com/) being the preferred choice for bridge loans since investors can both close and exit the deals quickly. Our fix and flip loans in MO focus on closing in 10 days on average so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
Financing a fix and flip investment requires a lending partner that can close fast and offer a variety of loan options. That’s why so many real estate investors prefer [hard money loans](https://www.ablfunding.com/loan-programs/) for fix and flips, as this type of financing can close in less than two weeks and comes with flexible loan terms. For example, Asset Based Lending has closed loans as quickly as two business days with the appropriate paperwork. These speedy loans allow fix and flip investors the opportunity to secure deals that would normally be missed if using another financing option. Hard money loans are also less stringent with its documentation requirements- aside from recent bank statements and a credit check, hard money lenders forego documents such as tax records or income verification. Investors that have tried borrowing from a bank or other traditional financial institutions know the pushback- the projects are inherently risky and banks typically don’t want to involve themselves in these types if projects. Or if they do choose to lend, its an agonizingly long process with enough loan stipulations, such as prepayment penalties or intensive documentation requirements, that ends up hurting the deal too much from the investor’s point of view. When it comes to fast and efficient lending for fix and flips, hard money loans are the best option for borrowers, and no lender does it better than Asset Based Lending.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
[Previous](https://www.ablfunding.com/where-we-lend/missouri/#) [Next](https://www.ablfunding.com/where-we-lend/missouri/#)
[1](https://www.ablfunding.com/where-we-lend/missouri/#) [2](https://www.ablfunding.com/where-we-lend/missouri/#) [3](https://www.ablfunding.com/where-we-lend/missouri/#) [4](https://www.ablfunding.com/where-we-lend/missouri/#)
Missouri New Construction Hard Money Loans
### Loans For Missouri New Construction
ABL provides hard money loans for new construction to real estate investors that are seeking competitive interest rates, fast draw turnarounds, and flexible underwriting. These 12-month new construction bridge loans are available to experienced investors, builders, and developers who can borrow up to 70% of the land value and 100% of the construction costs. ABL tailors our ground up construction loans to match each individual project, ensuring the borrower receives the best loan terms for their business strategy. We assess the investor’s experience level and the viability of the project to determine whether the deal is profitable for all parties. Whether you’re looking to finance the ground up construction of single family or multifamily projects, ABL is ready to discuss your upcoming deals. Click to learn more about our [new construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### Missouri New Construction Investment Info
Steady population growth combined with limited housing inventory has made Missouri new construction one of the most profitable investments in the state, providing the supply needed to meet increased demand. The number of building permits issued for new single-family homes in St. Louis increased by more than 3% year over year, with areas such as Franklin County seeing double-digit increases. Over 5,000 multifamily units were under construction in St. Louis in Q1 2022, with the price per unit jumping over 24% from the previous year. The strong local economy and demand for housing helps fuel these types of increases, which builders and developers can take advantage of. The state’s housing supply is hovering around one month, which is far below the minimum three month supply needed to indicate a balanced market. Right now, demand is far outpacing supply, which has led to a 5% decrease in newly listed homes over the last year. Builders and developers can take advantage of these market conditions by filling the gaps in inventory and profiting from the seller’s market the state finds itself in. If you’re ready to use Missouri construction loans to scale your real estate business, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
### Choosing Asset Based Lending For New Construction Loans
The constant feedback from investors that utilize ABL hard money loans for new construction is the fast time to close and loan flexibility are part of their project’s success. A slower close time or stricter loan parameters would hurt their ability to scale their real estate business as quickly as they would like. By securing financing quickly with terms that are investor-friendly, builders and developers are able to leverage ABL construction loans to their advantage and control more of the market share in the areas they invest in. While some investors seek out bank financing or private money loans, they realize the slow nature and strict guidelines of bank loans or lack of reliability from a private money lender ends up costing them deals or causing more issues instead of making things easy. Working with a lender that’s ready to work as fast as you is invaluable, ensuring you can grow and scale your real estate business at whatever pace you’re comfortable with. Asset Based Lending is run by real estate investors, so we strive to create a seamless loan process that allows investors to receive their financing quickly and focus on the project at hand. As direct hard money lenders with full control of our capital, we’re able to lend on various new construction investments and use flexible underwriting to ensure our borrowers receive their best potential loan. Whether you’re looking to build a few homes a year or you’re ready to scale to multifamily development, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to discuss your upcoming projects.
Missouri Rental Loans & Cash Out Refinancing
### Loans for Missouri Rental Property
Asset Based Lending offers simple and reliable Missouri rental loans. These term rental loans are designed for buy and hold investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Missouri real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### Missouri Rental Markets
The large metro areas such as St. Louis and Kansas City are contributing to Missouri’s strengthening rental market, offering affordable rental property that’s seeing consistent year over year growth. For example, St. Louis has seen an 11% year over year increase in its average rent prices, and with 54% of the city’s population renting versus owning its an attractive location for real estate investors looking for their next rental property. Kansas City is in a similar situation, with a 10% year over year increase in its average rent prices. The city has a slightly lower rental population of 46%, but that won’t impact the ability to fill vacancies as demand for the area continues to rise and prices remain at an affordable cost compared to the local economy. As mentioned earlier, areas like Columbia are benefitting from increased tourism thanks to a developed and University of Missouri bringing a steady stream of visitors throughout the year. This consistent flow of temporary residents are boosting the short term rental market in the area, making Airbnb and Vrbo properties a viable investment strategy. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Missouri rental loans, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Annapolis MD Fix And Flip
# Annapolis MD Fix And Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Annapolis, MD
**Borrower Profile:** Experienced investors with flipping experience: husband and wife team
**Work Description:** Medium renovation of a suburban single family home in Annapolis suburb
**Purchase Price:** $270,000
**Renovation Budget:** $30,000
**Loan Amount:** $220,000
**Cash Available for Purchase:** $190,000
**Cash Available for Renovation:** $30,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase and Rehabilitation
**ARV:** $365,000
**Sale Price:** $397,777
**Time To Pay Off:** 2 months
Kitchen Before
Kitchen After
Situation:
The borrowers found ABL through an online search. The borrowers had not previously used hard money, but were illiquid due to the ownership of another flip. The property purchase was moderately complicated due to an easement issue that needed to be cleared with the seller’s estate.
Outcome:
The borrowers paid ABL back within two months without prepayment penalty upon the sale of their other flip project. The borrowers went on to rehab and list the house.
Dining Room Before
Bathroom Before
Dining Room After
Bathroom After
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Jersey City, NJ
# Jersey City, NJ
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Jersey City, NJ
**Purchase Price:** $595,000
**Renovation Budget:**
**Loan Amount:** $386,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase
**ARV:** $600,000
Situation:
Foreign national husband and wife investing team approached Asset Based Lending for a hard money loan to purchase a mixed use building in Jersey City New Jersey. The borrowers plan to refinance out of the loan within 9 months.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Norwalk, CT Fix & Flip
# Norwalk, CT Fix & Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Norwalk, CT
**Purchase Price:** $350,000
**Renovation Budget:** $50,000
**Loan Amount:** $330,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Purchase And Rehabilitation
**ARV:** $520,000
Situation:
This investor team found ABL through a broker referral and contacted us in order to secure funding for their fix and flip project in Norwalk CT. The single family home had a recently renovated kitchen, and one of the borrowers was a licensed contractor who would be responsible for the project’s rehab. The strategy was to complete the renovations in one to two months and then sell the property.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
JOIN THE ABL TEAM
[See Open Opportunities](https://www.linkedin.com/jobs/search/?currentJobId=4119369404&f_C=1771124&geoId=92000000&origin=COMPANY_PAGE_JOBS_CLUSTER_EXPANSION&originToLandingJobPostings=4119369404%2C4103357523%2C4124188196%2C4103355524%2C4124191156%2C4118958010%2C4119374261%2C4123341463%2C4119372347)
## Take Your Career to the Next Level
ABL has experienced tremendous growth since 2010 and is always looking for smart, talented, and motivated people to help shape the future of our organization. If you’re looking for a fast-paced environment where you can make a lasting impact and tackle new challenges every day, ABL may be the place for you. We believe our team is the best in the business, and we’re looking for exceptional people to aid in our evolution and expansion.
**[Find an opportunity at ABL that fits your talents](https://www.linkedin.com/jobs/search/?currentJobId=4119369404&f_C=1771124&geoId=92000000&origin=COMPANY_PAGE_JOBS_CLUSTER_EXPANSION&originToLandingJobPostings=4119369404%2C4103357523%2C4124188196%2C4103355524%2C4124191156%2C4118958010%2C4119374261%2C4123341463%2C4119372347)**
Asset Based Lending \| Who We Are - YouTube
Asset Based Lending, LLC
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[Asset Based Lending \| Who We Are](https://www.youtube.com/watch?v=K7hnUAAEIl4)
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## Active Opportunities
We’re looking for exceptional people to help shape our organization as we embark on the most exciting evolution in our firm’s history
[See New Opportunities](https://www.linkedin.com/jobs/search/?currentJobId=4119369404&f_C=1771124&geoId=92000000&origin=COMPANY_PAGE_JOBS_CLUSTER_EXPANSION&originToLandingJobPostings=4119369404%2C4103357523%2C4124188196%2C4103355524%2C4124191156%2C4118958010%2C4119374261%2C4123341463%2C4119372347)
## Contact Us
Rachel Burns
[Rachel.burns@abl1.net](mailto:Rachel.burns@abl1.net)
## Our People Are The Foundation Of Our Success
What does it mean to join the ABL Team?
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Baltimore, MD Renovation: Fix and Flip
# Baltimore, MD Renovation: Fix and Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Baltimore, MD
**Borrower Profile:** Husband and wife team, part-time fix and flip investors.
**Work Description:** Renovation of single family detached home in urban stable neighborhood.
**Purchase Price:** $79,000
**Renovation Budget:** $65,000
**Loan Amount:** $127,000
**Cash Available for Purchase:** $56,000
**Cash Available for Renovation:** $71,000
**Loan Structure:** 12 Months Interest Only
**Loan Purpose:** Property Purchase & Rehabilitation
**ARV:** $196,000
**Sale Price:** $227,000
**Time To Pay Off:** 8 Months
Front – After
Front – After
Situation:
The borrowers found ABL through a Bigger Pockets meet-up. Structurally, the house was sound; there was no need for framing and there were no plumbing issues. They did have to replace the roof, gutters, and siding, as well as repair the porch and sand and stain the deck. Additionally, they had to install brand new windows, lights, doors, hardwood floors on the first floor, and ceramic tiles in the kitchen and bathrooms during the home renovation in [Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/).
Outcome:
The borrowers modernized the space and used a cool, blue-grey color scheme that showed the open floor plan to its best advantage. After 91 days on the market, the property sold for $227,000 – $33,000 more than expected.
Interior – Before
Kitchen – Before
Interior – After
Kitchen – After
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Washington
## The Premier Washington Hard Money Lender
Asset Based Lending provides fast and reliable loans for Washington real estate investors, focusing on quick closings and flexible underwriting to ensure our borrowers receive the best possible financing for their projects. We have programs to fund fix and flips and [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), as well as [cash out refinances](https://www.ablfunding.com/loan-programs/rental-loans/) and loans in WA for rental property. ABL utilizes a fully in-house team while partnering with the best local appraisers, attorneys, and title agents to ensure you receive a [five-star experience](https://www.ablfunding.com/about/reviews/) every time. After you experience the ABL Difference, you’ll never use another private hard money lender in Washington State.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans as fast as 24 hours. Our Washington private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Stabilized Bridge Loans](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/washington/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net)View Bio
**ABL Lends in:** ABL lends in all of non-rural Washington, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Torin Francis
Loan Officer
Coming Soon.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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“They’re more than just a lender to me, **they’re a partner of mine.**”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
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“Anyone who wants to get into this business, **go with ABL. They’re the best.**”
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
WA Real Estate Market Highlights
#### AVG HOME SALE PRICE
$567,000
+1.5% YOY, November 2022
#### AVG DAYS ON MARKET
29 Days
November 2022
#### HOME OWNERSHIP RATE
66.2%
Q2 2022
#### AVG FIX & FLIP PROFIT
29%
Q1 2022
#### RES. CONSTRUCTION PERMITS ISSUED
13,811
Q2 2022
#### UNEMPLOYMENT RATE
3.8%
November 2022
## Local Information For Washington Real Estate Investors
Washington real estate has seen major growth in the last few years, as the state’s strong economic offerings brought many new residents to the area. The total net gain for the state’s population growth was 83,300 between 2021 and 2022, which is a nearly 50% increase from the previous year. These new residents put demand pressure on local Washington real estate, driving up housing prices and making real estate investors very happy. As of November 2022 the average home sale price reached $567,000 which is a 1.5% increase year over year. Homes are spending an average of 29 days on market which indicates fast moving sales that benefit fix and flip investors as well as residential new construction projects. The number of homes sold during the month of November reached 6,673 which is down from the previous year and highlights the lack of available housing inventory due to ongoing demand.
There are currently only 5,309 homes for sale, which represents a two month supply for the state. Typically, a healthy real estate market has a minimum three month supply of inventory. Real estate investors can benefit from these market conditions, as fix and flip investors love the fast moving market while investors focused on new construction can fill inventory gap and use the heightened demand to sell their product at a premium price.
## Recommended Cities For Washington Real Estate Investments
Asset Based Lending are experts in local Washington real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best Washington cities for real estate investors are:
**Seattle** As private hard money lenders in Seattle, WA, we know that this is one of the best places to invest in real estate with major tech headquarters such as Microsoft and Amazon bringing thousands of high-paying jobs to the metro area. As of November 2022 the average home sale price reached $810,000 which marks a 5.2% increase from the previous year. The number of homes sold during the month is down year over year, as available inventory becomes more scarce due to high demand and a lagging new construction market. Seattle’s rental market is booming, with more than 55% of the area renting versus owning and the average monthly rent reaching a high of $2,334. Between the need for new construction and the high-value rental properties, real estate investors have opportunities for significant gains in the Seattle metro area.
**Tacoma** South of Seattle and also sitting along the water is another great city for real estate investors; Tacoma. As an emerging market compared to places like Seattle, the Tacoma real estate market is ripe for opportunity for real estate investors. The average home sale price reached $450,000 which is a 3% increase from the previous year. Homes are spending an average of 26 days on the market, making this another fast moving Washington real estate market. With a lower barrier to entry price than Seattle and quick moving deals, fix and flip investors may find profitable opportunities throughout the Tacoma area. This is a pretty competitive market, with more than 30% of homes selling above their listing price. To further highlight the demand for real estate, its currently estimated that Tacoma needs 45,000 new multifamily housing units by 2040 to keep up with the current demand trajectory, so builders and developers can excel in this emerging construction market. If you are interested in this growing market, contact the hard money lenders Tacoma real estate investors trust.
**Spokane** Located near the eastern border of the state, just a short distance from Montana, is Spokane, another great city for Washington real estate investors. The average home sale price reached $365,000 which marks a 7% increase from the previous year. Homes are spending an average of 22 days on market for yet another fast moving market in the state. This type of demand is occurring throughout the major metro areas of Washington, which each area offering different types of opportunities for investors. With the lowest average home price of cities on this list and homes spending such a short time on the market, Spokane fix and flips are an ideal investment. Inventory is scarce in the area, so its important to work with a fast moving hard money lender in Spokane, WA so you’re able to close on your your deal reliably.
Recently Funded Fix & Flip Projects
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
## [Rahway, New Jersey Fix & Flip](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehab
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Kennebunk, Maine Fix & Flip](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** Cosmetic Renovation — Multifamily 4
**Purchase Price:** $485,000
**Renovation Budget:** $120,000
**Loan Amount:** $464,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $665,000
[View Deal Info](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/washington/#) [Next](https://www.ablfunding.com/where-we-lend/washington/#)
[1](https://www.ablfunding.com/where-we-lend/washington/#) [2](https://www.ablfunding.com/where-we-lend/washington/#) [3](https://www.ablfunding.com/where-we-lend/washington/#) [4](https://www.ablfunding.com/where-we-lend/washington/#)
Washington Fix And Flip Hard Money Loans
## Financing Washington Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with a focus on flexible underwriting that allows us to work with several different types of rehab projects. We’re able to close our rehab loans in 10 days or less on average, so you’ll never miss out on a potential deal. These 12-month interest-only bridge loans allow Washington investors the ability to acquire property and begin renovating with the most competitive rates on the market, including the industry’s only true zero-point program. ABL offers funding that covers up to 85% of purchase price and 100% of the rehab costs. Whether you’re working on your first fix and flip or a seasoned professional, ABL is ready to finance your flip. Click to learn more about our [Washington fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why Washington Investors Choose Fix And Flips
Fix and flips are one of the most consistent and reliable forms of real estate investing, offering profits that allow investors the ability to funnel that capital into their next projects. Right now Washington fix and flips are on the rise, with a total of nearly 8% of home sales in the state attributed to flips. Washington fix and flip investments are seeing an average revenue of 29% of their total project as of Q2 2022. More than one-third of real estate investors use outside financing for their projects, with hard money lenders in Washington state being the preferred choice for bridge loans since investors can both close and exit the deals quickly. Our fix and flip loans focus on closing in 10 days on average so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
Financing a fix and flip investment requires a lending partner that can close fast and offer a variety of loan options. That’s why so many real estate investors prefer hard money loans for fix and flips, as this type of financing can close in less than two weeks and comes with flexible loan terms. For example, Asset Based Lending has closed loans as quickly as two business days with the appropriate paperwork. These speedy loans allow fix and flip investors the opportunity to secure deals that would normally be missed if using another financing option. [Hard money loans](https://www.ablfunding.com/loan-programs/) are also less stringent with its documentation requirements- aside from recent bank statements and a credit check, Washington [hard money lenders](https://www.ablfunding.com/) forego documents such as tax records or income verification. Investors that have tried borrowing from a bank or other traditional financial institutions know the pushback- the projects are inherently risky and banks typically don’t want to involve themselves in these types if projects. Or if they do choose to lend, its an agonizingly long process with enough loan stipulations, such as prepayment penalties or intensive documentation requirements, that ends up hurting the deal too much from the investor’s point of view. When it comes to fast and efficient lending for fix and flips, hard money loans are the best option for borrowers, and no lender does it better than Asset Based Lending.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
[Previous](https://www.ablfunding.com/where-we-lend/washington/#) [Next](https://www.ablfunding.com/where-we-lend/washington/#)
[1](https://www.ablfunding.com/where-we-lend/washington/#) [2](https://www.ablfunding.com/where-we-lend/washington/#) [3](https://www.ablfunding.com/where-we-lend/washington/#) [4](https://www.ablfunding.com/where-we-lend/washington/#)
Washington New Construction Hard Money Loans
### Loans For Washington New Construction
Asset Based Lending is proud to partner with experienced builders & developers as their financing for their new construction investments. Investors can use these 12-month interest-only bridge loans to finance up to 85% of purchase and 100% of construction costs for their project. ABL provides these Washington hard money loans to investors that have a proven track record of successful residential new construction, offering a variety of options including maximum leverage, lower interest rate, zero points, or something else. As direct private lenders in Washington State, we’re able to provide flexible loans that are written to match your specific business strategy, as long as it fits our criteria. Whether you’re looking to finance the ground up construction of single family or multifamily projects, ABL is ready to discuss your upcoming deals. Click to learn more about our [Washington construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### Washington New Construction Investment Info
The lack of housing supply in Washington is a major reason why the real estate markets are seeing such growth, especially with residential new construction. There were more than 22,000 residential permits issued throughout 2022, with the majority of focus on multifamily homes to help meet the ongoing demand for young families and professionals seeking rental property. Most of these new construction projects are occurring in the northwest and eastern parts of the state, with emphasis on the Tacoma and Spokane metro areas. Seattle metro is also booming with new construction, which makes sense as the capital of the state and center of commerce for Washington. Multifamily builds of four units or more are also rising throughout this city, as renting becomes more popular and for longer periods of time given the lack of available homes for purchase. Asset Based Lending can fund the construction of both single family and multifamily homes, offering fast and reliable financing for these investment projects.
### Choosing Asset Based Lending For New Construction Loans
When it comes to fast and reliable funding, Washington real estate investors know to trust Asset Based Lending. Our track record speaks for itself, with more than half of our borrowers returning for repeat business and over $1.4B in loan origination since our company’s inception. We have fully in-house teams for the entire loan process, providing you a five-star service from start to finish. [ABL approves loans](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) as fast as 24 hours and closes loans a quickly as two days with the appropriate paperwork. This doc-light approach to new construction financing lets real estate investors scale their business faster than ever and with zero headaches. With the Washington real estate markets continuing to thrive and low housing inventory plaguing the most popular markets, now is the perfect time for builders and developers to take advantage of outside financing. By using hard money capital to fund their projects, they can move quickly and use the current market conditions in their favor. Asset Based Lending insists on a transparent lending process with no prepayment penalties or hidden fees, so you keep more of your money. Contact us today to be approved for your WA new construction loan.
Washington Rental Loans & Cash Out Refinancing
### Loans for Washington Rental Property
Asset Based Lending offers simple and reliable Washington rental loans. These term rental loans are designed for buy and hold investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Washington real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### Washington Rental Markets
The major metro areas of Washington have always been strong rental markets thanks to the economic opportunities in the state, but in recent years they’ve really boomed into an excellent investment opportunity for buy & hold investors. The statewide rental vacancy is hovering around 4% which is far below the national average and highlights the strong demand for rental units throughout the state. Places like Seattle and Tacoma are in need of multifamily new construction to help fill the demand for rental units, while areas like Spokane are great areas for Washington newcomers to settle down for a few years with an affordable rental property. Seattle also makes a great tourist city and is the first place outsiders think to visit when they choose to visit Washington, leading to profitable year-round short-term rental markets using platforms like Airbnb and Vrbo to fill vacancies. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Washington rental loans, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Washington Stabilized Bridge Loans
### Hard Money Bridge Loans for Stabilized Proprety
With the real estate markets shifting in different directions, such as the cooling down of home sale prices and rising interest rates on rental loans, some borrower’s exit strategies need to shift with it. That’s why Asset Based Lending now offers [bridge loans for stabilized properties,](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/) allowing borrowers the option to reposition their investment and wait for market conditions to match their desired exit. These bridge loans are designed for investors who have recently completed a renovation or ground up construction but believe market conditions don’t favor their current exit strategy, so they decide to hold the property as a rental. Or maybe you’re an investor that’s looking at a turnkey rental property that you may eventually sell or refinance when mortgage rates come down in the future. Either way, you need an interest only loan without pre-payment penalties to bridge the gap.
### How Do These Stabilized Bridge Loans Work?
Our 2-year debt service coverage loans can help bridge your financing for up to 24 months with no prepayment penalty, so you can exit the loan whenever you’re ready. With extensions available for an additional fee, we’ll make sure you’re properly financed from start to finish so that you have time to determine your final exit strategy and capitalize on your investment at the right time. We can provide stabilized financing for properties up to 20 units, using the lesser of either market rent or leased rent to determine the DSCR and deliver you competitive loan terms. While all loans are different and structured to meet the individual investor’s needs, the typical stabilized loan is a 2-year interest-only loan with rates starting at 10.5% and LTV up to 65%-70%. Loan terms are determined based on factors such as borrower experience, FICO score, and DSCR, using the lesser of either market rent or leased rent to determine your DSCR. If you have a deal that requires temporary bridge financing, then [contact us](https://www.ablfunding.com/about/contact-us/) today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# BRRRR Calculator
## Plan your capital and maximize returns with the help of ABL’s free BRRRR calculator for rental investors.
Your long term rental portfolio strategy begins with understanding the economics. ABL’s Buy Rehab Rent Refinance Repeat calculator helps investors develop a high-level understanding of their expected costs, returns, and cash outlays so they can strategize and deliver accordingly for free.
_\*For best functionality, please do not use commas when entering numbers._
### Look like a promising deal?
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Lends In The Following States:
[Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/)
[Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/)
[Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/)
[Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/)
[Massachusetts](https://www.ablfunding.com/where-we-lend/hard-money-lending-massachusetts/)
[New Hampshire](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/)
[New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/)
[New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/)
[North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/)
[Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/)
[Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/)
[South Carolina](https://www.ablfunding.com/where-we-lend/south-carolina-hard-money-lender/)
[Virginia](https://www.ablfunding.com/where-we-lend/virginia/)
[Washington DC](https://www.ablfunding.com/where-we-lend/washington-dc/)
## What does BRRRR stand for?
BRRRR stands for buy rehab rent refinance repeat and is a popular method of real estate investing. This investment strategy focuses on acquiring rental property, renovating to increase its value, renting it out to produce monthly income, and refinancing the existing loan to provide capital towards the next property purchase.
## How long do BRRRR loans last for?
There are a variety of loan options with 30-year amortizing being the most popular. There are shorter term options available, ranging from as little as 5 years up through the 30-year option.
## What is the interest rate for BRRRR loans?
Each lender is different, but interest rates for BRRRR loans typically range between 3.75% and 8%.
## Can you refinance a BRRRR loan?
Yes! Refinancing loans is how many BRRRR investors continue to expand their rental portfolio. By refinancing the original loan, they can use the newly acquired capital to purchase their next rental property.
## How are BRRRR loans different from fix and flip loans?
[BRRRR loans](https://www.ablfunding.com/loan-programs/rental-loans/) are longer terms than the 12-month interest-only loans that fix and flip investors use. These rental loans focus on the property value and the potential monthly income it could produce, along with factoring in minimum FICO and experience, to determine the loan criteria. Fix and Flip – or bridge loans – also typically have a higher interest rate and are underwritten based on the future potential value of the property after renovations.
## What do I need to start my BRRRR loan?
Having a rental property in mind and knowledge of your financials are all you need to start! Already having the property’s title will speed things up but is not required to begin your loan process.
## Before Your Rental Investment, Try Our BRRRR Calculator
Investing in rental property is a long-term strategy that requires proper planning to be successful. Running the numbers with our BRRRR calculator can help you reduce risk and ensure that you’re entering a good deal. Its important to run a few sets of numbers, whether its for multiple properties or different rental loan options, so you know exactly what kind of BRRRR loan works best for you.
BRRRR investors need different loan criteria and strategies than fix and flip investors. If you’re new to the BRRRR method of investing, you can still qualify for these rental loans. Contact ABL to discuss what you need to get started with your BRRRR investment.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Summit, New Jersey Purchase & New Construction
# Summit, New Jersey Purchase & New Construction
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Summit, NJ
**Borrower Profile:** Experienced Builder and Investor
**Work Description:** Gut renovation and ground floor construction addition of suburban 5 bedroom in 5 draws
**Purchase Price:** $500,000
**Renovation Budget:** $300,000
**Loan Amount:** $680,000
**Cash Available for Purchase:** $380,000
**Cash Available for Renovation:** $300,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase And New Construction
**ARV:** $1,100,000
**Sale Price:** $1,050,000
**Time To Pay Off:** 9 months
Kitchen Before
Kitchen After
Situation:
Broker contacted ABL on behalf of his client. We met with the borrower in the field to look at his work product which we judged to be very high quality. The borrower, who was also the project manager and general contractor, had considerable experience in projects of this sort but not in the subject town. Anticipated problems principally concerned the town and whether it would issue the necessary approvals in a timely fashion. The borrower also had sufficient financial reserves to allow for potential delays.
Outcome:
The project was completed with very high quality finishings and quickly sold. Timelines were longer than hoped given the time that the town took to approve and inspect the project. In spite of a slightly less than expected sale price, the project was highly profitable for the borrower.
Living Room Before
Basement Before
Living Room After
Basement After
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Blog
[](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
## [Interview With Paul Ullman On The Best Ever Real Estate Advice Podcast](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 25, 2016 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
The best real estate investing advice ever. ABL's Managing Partner, Paul Ullman, recently sat down with Joe Fairless of "The Best Real Estate Investing Advice Ever Show" podcast to discuss what makes a successful real estate investor, why all hard money lenders are...
[read more](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
[](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
## [Infographic: 4 Profit Killing Mistakes Made By New House Flippers](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 19, 2016 \| [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Benefit from the mistakes of other first time home flippers. No one is perfect. When it comes to real estate investing, even the savviest investors make mistakes their first time around. While we do our best to guide new investors through the process, there are still...
[read more](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
[](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
## [House Flipping Statistics All Real Estate Investors Should Know](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 4, 2016 \| [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
For real estate investors involved in flipping properties, having data from a house flipping report to support investment decisions allows for smarter and more profitable strategies. The 2015 US Home Flipping Report compiled by RealtyTrac provides detailed information...
[read more](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
[](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
## [Bloomfield New Jersey Fix And Flip Case Study](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Apr 29, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
We always love to see when one of our fix and flip borrowers turns an investment opportunity into a gorgeous (and profitable) dream home. When Asset Based Lending's hard money borrowers got their hands on this fixer upper in Bloomfield New Jersey, they knew they had...
[read more](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
[](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
## [ABL Posts Record Month In March](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Apr 5, 2016 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/)
$11.75 Million In Hard Money Loans Funded! 2016 is off to a strong start for the Asset Based Lending team, posting several strong months and even breaking the company's record in March. Last month, ABL funded a record 33 real estate investment projects, distributing...
[read more](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
[](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
## [Fix & Flip Before & After In New Jersey](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 18, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
Our New Jersey fix and flip borrowers do some pretty amazing work. The real estate investors that borrow from Asset Based Lending do some pretty incredible work. This video showcases the before and after images of a house flip that took place in Rutherford New Jersey....
[read more](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
[](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
## [Making Hard Money Work For Investors](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 10, 2016 \| [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
Written by Asset Based Lending's Managing Partner Paul Ullman, this article previously appeared in the Scotsman Guide . Private lenders offer rapid solutions to residential funding questions Private lenders, frequently known as hard-money lenders, have become a...
[read more](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
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[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
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[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
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[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# Case Studies
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# Who We Are
Established in 2010, Asset Based Lending, LLC is a Hard Money Lender providing fast bridge financing to real estate investors for the purchase, renovation, new construction, or long term refinance of single family, and multi-family properties. We have closed thousands of loans since we began with total transaction amounts in excess of $2B.
**We come from a variety of backgrounds, but we are committed to:**
- Quickly communicating the likelihood of ABL funding a potential deal
- Closing your deal on a short timeline
- Efficiently delivering draw disbursements for the renovation or new construction of the property
- Managing the payoff without complication
We strive every day to be Fast, Flexible, Reliable and Professional.
#### The ABL Difference
Asset Based Lending \| Who We Are - YouTube
Asset Based Lending, LLC
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[Asset Based Lending \| Who We Are](https://www.youtube.com/watch?v=K7hnUAAEIl4)
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Senior Leadership
[](https://www.ablfunding.com/about/who-we-are/#)
Kevin Rodman
CEO
[](https://www.ablfunding.com/about/who-we-are/#)
Adam Cohen
COO & CFO
[](https://www.ablfunding.com/about/who-we-are/#)
Daniel Gotay
Head of Ops, Capital Markets & Treasury EVP
[](https://www.ablfunding.com/about/who-we-are/#)
Alyssa Antoci
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[](https://www.ablfunding.com/about/who-we-are/#)
Joseph Viganola
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[](https://www.ablfunding.com/about/who-we-are/#)
Bill Ash
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[](https://www.ablfunding.com/about/who-we-are/#)
Jeff Yazel
Chief Credit Officer
[](https://www.ablfunding.com/about/who-we-are/#)
Mike Kirkwood
General Counsel, SVP
Sales Team
[](https://www.ablfunding.com/about/who-we-are/#)
Gregory Dietz
Loan Officer and Advisory, SVP, Tennessee
[](https://www.ablfunding.com/about/who-we-are/#)
Kyle McCann
Loan Officer, SVP, Pennsylvania, South Jersey
[](https://www.ablfunding.com/about/who-we-are/#)
Michael Chadwick
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[](https://www.ablfunding.com/about/who-we-are/#)
Paul Lewis
Regional Sales Manager, SVP, Southeast
[](https://www.ablfunding.com/about/who-we-are/#)
Andrew Whitmire
Territory Manager, VP, South Carolina, North Carolina
[](https://www.ablfunding.com/about/who-we-are/#)
Andy Nakhanthy
Loan Officer, VP, South Carolina, North Carolina
[](https://www.ablfunding.com/about/who-we-are/#)
Boris Akbashev
Loan Officer, VP, New Jersey, Connecticut
[](https://www.ablfunding.com/about/who-we-are/#)
Kevin Mohollen
Loan Officer, VP, New Jersey, Connecticut
[](https://www.ablfunding.com/about/who-we-are/#)
Mailena Garcia
Loan Officer, VP, Florida
[](https://www.ablfunding.com/about/who-we-are/#)
Matthew Kozak
Loan Officer, VP, Mid-West (Illinois)
[](https://www.ablfunding.com/about/who-we-are/#)
Michael Habala
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[](https://www.ablfunding.com/about/who-we-are/#)
Nick Tierno
Sales Operations Manager, VP, Sales
[](https://www.ablfunding.com/about/who-we-are/#)
Nikola Gak
Loan Officer, VP, New York
[](https://www.ablfunding.com/about/who-we-are/#)
Scott Zimmer
VP Business Developer
[](https://www.ablfunding.com/about/who-we-are/#)
Stephen Kirschbaum
Loan Officer, VP, Georgia
[](https://www.ablfunding.com/about/who-we-are/#)
Cameron Mozingo
Loan Officer, AVP, Texas
[](https://www.ablfunding.com/about/who-we-are/#)
David LaBorde
Loan Officer, AVP, New England
[](https://www.ablfunding.com/about/who-we-are/#)
Jarrod Covey
Loan Officer, AVP, Texas
[](https://www.ablfunding.com/about/who-we-are/#)
Paul Barash
Loan Officer, AVP, Georgia
[](https://www.ablfunding.com/about/who-we-are/#)
Jackson Grzymkowski
Loan Officer, Tennessee
[](https://www.ablfunding.com/about/who-we-are/#)
Maryem Haddoumi
Inside Loan Officer
[](https://www.ablfunding.com/about/who-we-are/#)
Seth Blumenthal
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[](https://www.ablfunding.com/about/who-we-are/#)
Torin Francis
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[](https://www.ablfunding.com/about/who-we-are/#)
Emily Burns
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[](https://www.ablfunding.com/about/who-we-are/#)
Krystal Burgess
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[](https://www.ablfunding.com/about/who-we-are/#)
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[](https://www.ablfunding.com/about/who-we-are/#)
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[](https://www.ablfunding.com/about/who-we-are/#)
Nathaniel Geary
Sales Assistant
[](https://www.ablfunding.com/about/who-we-are/#)
Juan Hasbun
Loan Officer, VP, Southeast
[](https://www.ablfunding.com/about/who-we-are/#)
Logan Petry
Loan Officer, VP, Southeast
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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# Philadelphia PA Fix & Flip
# Philadelphia PA Fix & Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Philadelphia, PA
**Borrower Profile:** Experienced stepbrother investor team
**Work Description:** Purchase and rehab for mixed use building in Philadelphia
**Purchase Price:** $320,000
**Renovation Budget:** $1,000,000
**Loan Amount:** $1,122,000
**Cash Available for Purchase:** $122,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase And Rehabilitation
**ARV:** $1,900,000
Situation:
Substantial renovation of a mixed building in the Kensington neighborhood of Philadelphia. The borrowers were a very experienced team having completed over ten deals in the previous year and a half. One member of the team has extensive experience in construction.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Reliable Hard Money Lenders In Arkansas
Join thousands of real estate investors across the country who trust ABL to be their lending partner.
One-stop-shop for real estate investor loans
Flips, builds, & rentals
100% construction/rehab financing
Close in 2 weeks or less
Single family, multifamily,
Home of the Zero-Point Loan
Light documentation, no tax returns/income verification
Direct balance-sheet lender
[Learn More About AR Real Estate Financing](https://www.ablfunding.com/where-we-lend/arkansas/#azhardmoney)
#### **Finance Your AR Real Estate Loan**
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[Read Privacy Policy.](https://www.ablfunding.com/where-we-lend/arkansas/#)
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## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
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**Functionality Cookies**
Type: Persistent Cookies
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Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/where-we-lend/arkansas/#)
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
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ABL Borrower Review — Chike - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review — Chike](https://www.youtube.com/watch?v=TyuveLR_Sfw)
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ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
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[Watch on YouTube](https://www.youtube.com/watch?v=yX550_W9v9g "Watch on YouTube")
## The Premier Arkansas Hard Money Lender
Asset Based lending offers quick and simple financing for real estate investors across the state of Arkansas. We lend on fix and flips, new construction, cash out refinances, and buy & hold rental property. Our loans in Arkansas are fully serviced in-house, so you’ll be under the ABL banner from your first phone call through your final loan payoff, ensuring you receive a five star experience. We partner with the best local appraisers, attorneys, and title agents in our lending areas so our borrowers are working with the best in the industry. After you experience the ABL Difference, you’ll never use another hard money lender.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans as fast as 24 hours. Our Arkansas private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/arkansas/#)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/arkansas/#)
**ABL Lends in:** ABL lends in all of non-rural Arkansas, pending property and borrower underwriting
Torin Francis
Loan Officer
Torin Francis graduated from the University of Notre Dame with a Bachelor’s in Marketing. He spent his college years as a starting member of the Fighting Irish basketball team. After graduating he continued playing on a professional level for 15 years, allowing him to travel and play for 15 countries. In 2020, Torin’s passion for real estate brought him to the residential mortgage industry, and eventually to joining the ABL team. He is a fluent Spanish speaker.
Maryem Haddoumi
Loan Officer
Coming Soon.
## Scale Up With ABL. Grow Your Arizona Investments Today.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
### Why Do Arizona Investors Choose ABL? The ABL Difference.
What Do Real Estate Investors Think About Asset Based Lending? 2022 Borrowers Share Their Experience - YouTube
Asset Based Lending, LLC
584 subscribers
[What Do Real Estate Investors Think About Asset Based Lending? 2022 Borrowers Share Their Experience](https://www.youtube.com/watch?v=IAlsr97cevw)
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### [Reliable Partner During Volatile Times](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
When markets changed, our lending programs evolved with them. When volatility hit, our financing remained stable & reliable. When other lenders fell short, our team jumped into action to close your deals. See what ABL borrowers had to say about working with ABL in a volatile real estate market.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
The ABL Difference - Asset Based Lending - YouTube
Asset Based Lending, LLC
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[The ABL Difference - Asset Based Lending](https://www.youtube.com/watch?v=xGrQVcFfl3g)
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### [The ABL Difference](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What makes ABL different from other hard money lenders? We care. We care about our borrowers, we care about our company, and we care about our community. We’re there with the cash you need, when you need it.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
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[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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### [Borrower Testimonial - Harry](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
What’s it like to start working with ABL on your first real estate investment, and then turn it into your full time career with ABL as your financing partner? Listen to ABL borrower Harry A talk about his experience with ABL by his side.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
ABL Reviews - Mike L - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Reviews - Mike L](https://www.youtube.com/watch?v=w0vx2GkQyak)
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### [Borrower Testimonial - Mike](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
“I’ve basically thrown everything in the kitchen sink at these guys, and they’ve always found a way to handle it”. Full time real estate investor and ABL borrower, Mike L, shares his experience working with ABL on 20+ projects in his first year of doing business with us.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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Real Reviews From Real Borrowers
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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AR Real Estate Market Highlights
#### AVG HOME SALE PRICE
$250,400
+12% YOY, September 2022
#### AVG DAYS ON MARKET
29 Days
September 2022
#### HOME OWNERSHIP RATE
64%
Q1 2022
#### AVG FIX & FLIP PROFIT
$37,880
Q1 2022
#### RES. CONSTRUCTION PERMITS ISSUED
+40%
YOY, 2021
#### UNEMPLOYMENT RATE
3.5%
September 2022
## Local Information For Arkansas Real Estate Investors
Arkansas’ local real estate markets have grown exponentially over the last few years, thanks to the state’s recent job growth and available real estate compared to nearby states that are behind in supply. As of September 2022 the average home sale price reached $250,400, which is an increase of more than 12% year over year and just below the five-year-high for the state. Homes are spending 29 days on market, which is a drop of 13 days from the previous year and highlights the competitive real estate markets that Arkansas currently holds.
Supply is lagging behind demand, as only 8,418 homes are for sale throughout the state which represents a nearly two month supply of inventory. Healthy markets typically have a minimum of three months supply available, so Arkansas real estate is seeing large gains because of it. More than one quarter of homes sold are being sold above the initial asking price, and which the transactions occurring quickly from listing to final sale, these markets are favorable to fix and flip investors as well as new construction investments.
## Recommended Areas For Arkansas Real Estate Investing
Asset Based Lending are experts in local Arkansas real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best Arkansas areas for real estate investors are:
**Little Rock** The capital of The Natural State is also one of the best spots to invest in Arkansas real estate. Boasting the highest population in the state by far, this metro area is the center of commerce and represents some of the highest paying jobs within hundreds of miles, which boosts the demand for quality real estate. The average home sale price for the city is $230,000, which is up nearly 3% year over year and represents a 5-year-high for the area. Homes are spending approximately 40 days on market, which means this is currently a healthy real estate market in terms of its relative supply and demand. As of September 2022, the city is boasting an unemployment rate of 3.1% which is slightly below the national average and indicates a strong local economy that will continue to boost the real estate market.
**Fayetteville** Another top city for investing in Arkansas real estate is Fayetteville. As the second largest city in the state and home to the University of Arkansas, this city brings multiple real estate opportunities with it. Whether its offering rental property for students and educators to stay in, or rehabbing and flipping single-family homes to families looking to buy their first house, investors have a wide variety of options here. The average home sale price is $335,100, which indicates a nearly 16% increase year over year and slightly below the 5-year-high for the area. Homes occasionally sell over their listing price here, but most times prices are met at the asking price. However, the speed of sales is stunning, as properties are only spending an average of 15 days, when benefits investors lookin to quickly exit their project and pay back their lender before moving onto their next deal.
**Springdale** Located in the northwestern corner of the state with easy access to Oklahoma, Kansas, and Missouri sits Springdale. As one of the bigger towns in the state, housing demand has boosted this local market with the average home sale price reaching $300,000, which is a 20% year over year increase and a five-year-high for the area. Homes are selling fast, with the average property spending only 11 days on market before being sold. Especially hot homes are selling for 3% above asking price and selling as quickly as three days, which fix and flip investors as well as new construction investors can benefit from.
Recently Funded Fix & Flip Projects
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
## [Rahway, New Jersey Fix & Flip](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehab
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Kennebunk, Maine Fix & Flip](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** Cosmetic Renovation — Multifamily 4
**Purchase Price:** $485,000
**Renovation Budget:** $120,000
**Loan Amount:** $464,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $665,000
[View Deal Info](https://www.ablfunding.com/casestudy/kennebunk-maine-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/arkansas/#) [Next](https://www.ablfunding.com/where-we-lend/arkansas/#)
[1](https://www.ablfunding.com/where-we-lend/arkansas/#) [2](https://www.ablfunding.com/where-we-lend/arkansas/#) [3](https://www.ablfunding.com/where-we-lend/arkansas/#) [4](https://www.ablfunding.com/where-we-lend/arkansas/#)
Arkansas Fix And Flip Hard Money Loans
## Financing Your Arkansas Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with flexible loan options that cover a variety of rehab projects. On average, ABL rehab loans close in just 10 days and approves loans in 24 hours, so our borrowers never miss an opportunity. These 12-month interest-only bridge loans allow investors to acquire property and begin renovations using the most competitive rates on the market. Whether its multifamily flips or single family rehab, our hard money fix and flip loans can be underwritten to match any investment project that meets our minimum loan criteria. ABL flip loans provide funding up to 85% of property purchase price and 100% of the rehab costs. Click here to learn more about our Arkansas [fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why Arkansas Investors Choose Fix And Flips
Fix and flips are the standard real estate investment and for good reason, as these fast paced projects can put tens of thousands of dollars into an investor’s pocket and allow them to move on to bigger and better investment opportunities. Right now Arkansas fix and flips are producing an average profit of $37,880, and with homes staying on the market for an average of 29 days, fix and flip investors can chain together several deals to walk away with healthy profits. With the fast moving markets, investors need fast moving loans. Our fix and flip loans focus on closing in 10 days on average so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
More real estate investors are choosing hard money loans for real estate investments than ever before, and there’s a few reasons behind that. Conventional mortgages have very restrictive criteria and don’t offer the same level of flexibility as hard money loans, making them difficult for fix and flips and other real estate investments. Some investors turn to private money loans due to their direct lending and relaxed loan criteria, but the problem with private money lenders is their lack of hard commitment and potential to not follow through when funding is needed most.
Arkansas hard money lenders offer the same level of security and reliability as traditional financial institutions while providing the speed and flexibility of a private money lender. By having full control of their own funds, a hard money lender has the ability to assess each borrower on the merit of their investment and determine loan viability based on the individual project. If the hard money fix and flip loan is coming from ABL, the loan is handled completely in-house which allows fast deal closings and professional draw management that funds your project on your schedule. When it comes to all types of real estate investments, but especially fix and flips, the best choice are ABL hard money loans.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
[Previous](https://www.ablfunding.com/where-we-lend/arkansas/#) [Next](https://www.ablfunding.com/where-we-lend/arkansas/#)
[1](https://www.ablfunding.com/where-we-lend/arkansas/#) [2](https://www.ablfunding.com/where-we-lend/arkansas/#) [3](https://www.ablfunding.com/where-we-lend/arkansas/#)
Arkansas New Construction Hard Money Loans
### Loans For Arkansas New Construction
Asset Based Lending works with experienced builders and developers to finance their new construction investments. Investors use these 12-month interest-only bridge loans to cover the financial hurdles that can prohibit certain deals from going through. Rates for our new construction loans start as low as 9.99% and we provide loan amount ranging from $100K to $3.5M. We never charge prepayment penalties and offer a transparent loan process from start to finish, so you don’t have to worry about hidden fees. With more than half of our borrowers returning for repeat business and hundreds of verified five-star reviews, its clear that Asset Based Lending has the best loans for [Arkansas new construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### Arkansas New Construction Investment Info
Arkansas new construction bounced back in 2021 and continues to dominate in 2022, with the northwest sector seeing the largest gains. Residential building permit values throughout 2021 were up an impressive 35% from the previous year, with major cities like Fayetteville and Bentonville surpassing their permits issued. The state has seen steady population growth year over year, with a nearly double spike in 2021, which has helped boost the demand for housing across Arkansas’ more popular areas. Student housing is constantly in demand for the state’s college towns, as is permanent housing needed for staff and faculty, which also increases the demand for Arkansas new construction. Builders and developers can take advantage of these market conditions by filling the gaps in inventory and profiting from the seller’s market the state finds itself in. If you’re ready to use Arkansas construction loans to scale your real estate business, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
### Choosing Asset Based Lending For New Construction Loans
As real estate investing becomes more popular and new construction continues to rise, more investors are looking for additional capital and finding out its not as easy as it sounds. Many people first turn to banks, but banks are very risk-averse and tend to avoid new construction loans by having extremely restrictive criteria or flat out denying the loans. This has investors looking at private money lenders due to their relaxed criteria and more flexible loans, but private money loans don’t offer the same reliability and security of a financial institution which can cause major problems during construction.
Luckily, private [hard money lenders](https://www.ablfunding.com/) in Arkansas are somewhere in the middle and the [hard money loans](https://www.ablfunding.com/loan-programs/) they offer are perfect for new construction projects. A hard money loan combines the security and reliability of a conventional bank loan with the speed and flexibility of a private money loan, allowing borrowers to rest assured that their funding will be guaranteed and delivered on time. Knowing you can trust the financing and that the loan will be tailored to match your specific project means you can focus on the important work- like finishing that gorgeous suburban home that you plan to sell for a profit! Whether you’re looking to build a few homes a year or you’re ready to scale to multifamily development, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to discuss your upcoming projects.
Arkansas Rental Loans & Cash Out Refinancing
### Loans for Arkansas Rental Property
Asset Based Lending offers fast and easy rental loans for Arkansas real estate investors. These term rental loans are designed for buy and hold investors that want to secure properties between 1-8 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. We assess each project based on the income-producing viability of the property, allowing us to work with investors of all experience levels. ABL also provides the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Arkansas real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### Arkansas Rental Markets
With the population growth increasing throughout the state and the college towns being more popular than ever, Arkansas rental markets are seeing impressive growth. For example, Fayetteville has seen an 11% increase in average 1-bedroom rentals over the last year, and a whopping 71% increase in average 3-bedroom rentals. Since the majority of the area rents versus owns, it means filling any vacant properties should be easy and thus investors can take advantage of current market conditions.
As mentioned earlier, college towns like Fayetteville and Springdale are benefitting from increased short-term and long-term visitors throughout the year. This consistent flow of temporary residents are boosting the short term rental market in the area, making Airbnb and Vrbo properties a viable investment strategy. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Arkansas rental loans, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
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# Andrew Whitmire Featured Deal
by [Mackenzie Lee](https://www.ablfunding.com/blog/author/mackenzie/ "Posts by Mackenzie Lee") \| Jul 3, 2024 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
## North Carolina Featured Deal
Andrew Whitmire, ABL’s Territory Manager in the Carolinas, recently finalized a DSCR loan in Southport, North Carolina, with a new borrower.
The borrower initially engaged with another lender for a fix and flip loan but sought additional financing options from ABL.
The borrower already renovated the single-family home and contacted ABL to fund a rate and term refinance in order to pay off the rehab loan.
This property was appraised for $539,000 and ABL was able to offer 70% Loan To Value for a total loan amount of $377,300.
[](https://www.ablfunding.com/wp-content/uploads/2024/07/Picture4.png "Picture4")
### Picture4
[](https://www.ablfunding.com/wp-content/uploads/2024/07/Picture3.png "Picture3")
### Picture3
[](https://www.ablfunding.com/wp-content/uploads/2024/07/Picture2.png "Picture2")
### Picture2
[](https://www.ablfunding.com/wp-content/uploads/2024/07/Picture1.png "Picture1")
### Picture1
Upon assessing the deal, Andrew prioritized the rental income potential. Through AirDNA’s insights, he determined that the property held more value than he initially thought, given its location in a metropolitan area near Charlotte, North Carolina.
The borrower, considering between selling or renting out the property, faced a common dilemma for investors nearing decision time.
Balancing potential returns on investment, Andrew advised the borrower that relying solely on rental income might not yield the best results for this higher-value property.
Andrew leveraged short-term rental data to inform the underwriting process, providing the borrower with reassurance that if she opts not to sell the property immediately, alternative exit strategies will be viable.
Andrew transformed the deal into a short-term rental opportunity, tweaking the loan to lower the monthly payments and offering an interest-only option for the first 10 years, providing the borrower with improved cash flow.
Given the current interest rates, opting for a bridge loan didn’t seem like the best option, especially considering the borrower’s likely intention to sell the property eventually.
Southport, North Carolina, is renowned for its quaint ambiance and rich nautical history. The town’s appeal lies in its scenic waterfront, charming historic downtown, and easy access to nearby beaches.
It is a favored destination for visitors seeking natural beauty and relaxation, embraced by vacationers, and frequented by the movie industry.
With a DSCR of 1.33 this investment property provides the borrower with both stability and potential for growth in the thriving Southport real estate market.
By using AirDNA data as a valuable tool to promptly assess whether a property aligns with a client’s needs, ABL can provide upfront insight on investors’ exit strategies without relying solely on appraisals, thereby expediting decision-making.
To learn more about Asset Based Lending’s [DSCR Loans](https://www.ablfunding.com/loan-programs/rental-loans/), or to work with Andrew on potential deals, [get qualified today](https://www.ablfunding.com/about/contact-us/).
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There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# 7 Ways To Hack Your Fix & Flip
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 11, 2018 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
Everyone knows the maxim that kitchens and bathrooms sell houses. They’re important, high traffic areas that often distinguish one house from another and cause buyers to “fall in love” or not.
But what about other avenues to increase your ROI while still being prudent with your budget? There are lots of ways to do so. Consider this list of rehab and real estate investing hacks that will provide good ROI on flipping houses while keeping your bottom line intact.
## Fix & Flip Hacks For Increased Profitability
### Updated (and neutral) Paint Colors
That bright purple accent wall might have been fun for the previous owner, but it’s not going to help you sell your house. Neither are outdated colors.
Flip through recent home decorating magazines to get a feel for the latest paint colors, and give your rooms a fresh couple of coats. A paint job is one of the easiest ways to drastically update and improve the look of a room.
\[su\_note note\_color=”#f6f6f6″ text\_color=”#535353″ radius=”0″\]
### [](https://www.ablfunding.com/fix-flip-hacks-paint-tricks-modernize-old-homes/) Related: Fix And Flip Hacks: Paint Tricks To Modernize Old Homes
[Read Now](https://www.ablfunding.com/fix-flip-hacks-paint-tricks-modernize-old-homes/)
\[/su\_note\]
According to a HomeGain survey, **a new interior paint job results in a 107% return on investment**. This means that the average cost of an interior paint job – $967 – should increase the resale value of the property by $2,001!
### Swap the Light Fixtures
Like paint colors, light fixtures become dated, too. And the good news is that it’s usually pretty easy to replace overhead light fixtures — and affordable, too.
Places like Home Depot and Lowe’s stock some very nice inexpensive options, and installation is typically a breeze. Your contractor or a handyman can often tackle it instead of an electrician.
### Replace the Front Door
As one of the first impressions, the front door plays an important role in your sale. If potential buyers see an old front door, they will assume the rest of the house hasn’t been updated, either.
FortuneBuilders, a real estate education and training company, claims there are few if any renovations in recent history to provide a better return on investment. In fact, they claim a new steel entry door has been known to return approximately 102% of the initial cost upon resale.
If the door is an updated style but simply a little drab, you can also paint it for some real pop. Again, check home decorating magazines for ideas on color, but staples like deep reds or blues usually work well.
### Update Hardware
You might not need all new kitchen cabinets or interior doors, especially if they’re in good condition and are not outdated. But consider replacing hardware.
New door knobs and other hardware can make a big difference and cost you very little. Many foreclosures in particular still boast brass door knobs and older style cabinet handles, and you can dramatically improve the feeling of your property simply by replacing those.
Plus, buyers notice. If inexpensive items like door knobs haven’t been replaced, how can they be confident the bigger, more expensive repairs have been done?
### Siding
You completely transform the look of a house with new siding. Vinyl siding will run you somewhere around $10,000, depending on the size of the house and your area, but should pay for itself. According to NAR’s 2015 Remodeling Impact Report, vinyl siding alone can recoup as much as 89% of its initial cost at resale.
One rule of thumb is to be mindful of the exteriors of other houses in the neighborhood. If the house next door is dark grey, for example, choose a different color for yours.
### Landscaping
We’re not talking about shrubbery pruned in the shapes of animals or gardens that require a caretaker for their upkeep. But good landscaping will help your curb appeal immensely.
Consider getting rid of those overgrown and oversized bushes in front of the house and replacing them with hardy, low-to-the-ground plantings. You’re doing the future homeowner a favor, for one thing. Overgrown bushes up against the house contribute to moisture, mildew, and even termites.
Trim tree branches, keep the lawn mowed, and cut back any overgrowth so your [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) makes the right first impression.
### Stage The House
Most professional house-flippers stage their property when listing it for sale, and for good reason: the houses look better and sell faster. In fact, a study by Coldwell Banker concluded that staged homes tend to sell for 6% above asking price, and spend less time on the market! Show buyers exactly how to use the space, which freeing up brain space for them to simply walk through and enjoy it.
\[su\_note note\_color=”#f6f6f6″ text\_color=”#535353″ radius=”0″\]
### [](https://www.ablfunding.com/increase-value-sell-quicker-staging-property/) Related: Increase Value And Sell Quicker By Staging Your Property
[Read Now](https://www.ablfunding.com/increase-value-sell-quicker-staging-property/)
\[/su\_note\]
And it’s not as difficult as you think to stage, either. You can rent furniture, hang mini blinds and inexpensive artwork, set out dish towels in the kitchen and hand towels in the bathroom (along with a shower curtain).
And a lot of the items can be re-used; many fix and flip investors wind up buying their own staging equipment, which pays for itself after two or three houses (rather than continuing to rent).
* * *
Part of the fun of real estate investing is not only the income, but in figuring out all of the ways you can get creative with the project itself and with your numbers.
You want to always make sure you do a quality job, follow all codes, and use the highest ethical standards. But that still leaves a lot of room for your imagination!
_Let us know some of your most creative rehab “hacks” in the comments below._
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
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To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# Fix And Flip Before And After Videos
## They turned a hard money loan into a work of art.
A lot of time, effort, and hard work goes into flipping a house. From start to finish, these real estate investors managed the projects like professionals and stayed on track with their plans.
The finished properties show it.
**Take a look at these [fix and flip](https://www.abl1.net/loan-programs/fix-flip-hard-money-loans/) before and after videos for some inspiration!**
ABL is a great lender to work with. I’m on my 3rd year borrowing with them. Very good team, very responsive, very professional. Thank you Dan and ABL for helping me take my business to the next level!
-Steve S, Investor
_**[See more fix and flip testimonials](https://www.abl1.net/about/testimonials/)**_
YouTube
### Watchung, NJ New Construction
**Loan Amount:** $400,000 \| **Rehab Amount:** $400,000
[See the Case Study](https://www.abl1.net/casestudy/new-construction-hard-money-loan-in-watchung-nj/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Fix And Flip Before And After In North Plainfield NJ Funded By Hard Money Lender - YouTube
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[Fix And Flip Before And After In North Plainfield NJ Funded By Hard Money Lender](https://www.youtube.com/watch?v=YLWItcR1UFQ)
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### North Plainfield, NJ Fix & Flip
**Loan Amount:** $168,000 \| **Rehab Amount:** $45,450
[See the Case Study](https://www.abl1.net/casestudy/north-plainfield-nj-fix-and-flip-hard-money-loan/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Meriden CT Fix & Flip Loan \| CT Fix & Flip Lender Case Study - YouTube
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[Meriden CT Fix & Flip Loan \| CT Fix & Flip Lender Case Study](https://www.youtube.com/watch?v=rrfr3nUtKxo)
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### Meriden, CT Fix & Flip
**Loan Amount:** $98,000 \| **Rehab Amount:** $60,000
[See the Case Study](https://www.abl1.net/casestudy/meriden-ct-fix-flip-loan/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
NJ Fix & Flip Before & After Funded By Hard Money Lenders - YouTube
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[NJ Fix & Flip Before & After Funded By Hard Money Lenders](https://www.youtube.com/watch?v=2RIXmJeQX-g)
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### Westfield, NJ Fix & Flip
**Loan Amount:** $658,000 \| **Rehab Amount:** $250,000
[See the Case Study](https://www.abl1.net/casestudy/westfield-nj-hard-money-loan-for-fix-and-flip/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
NJ Fix & Flip Case Study \| Funded By Fix And Flip Loan From ABL - YouTube
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[NJ Fix & Flip Case Study \| Funded By Fix And Flip Loan From ABL](https://www.youtube.com/watch?v=l1azJKwgiiA)
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### Newark, NJ Fix & Flip
**Loan Amount:** $100,000 \| **Rehab Amount:** $65,000
[See the Case Study](https://www.abl1.net/casestudy/newark-new-jersey-fix-flip/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Philadelphia PA New Construction Example \| Hard Money Lender For New Construction - YouTube
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[Philadelphia PA New Construction Example \| Hard Money Lender For New Construction](https://www.youtube.com/watch?v=7_XO3ualHDc)
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[Watch on YouTube](https://www.youtube.com/watch?v=7_XO3ualHDc "Watch on YouTube")
### Philadelphia, PA Fix & Flip
**Loan Amount:** $925,000 \| **Rehab Amount:** $578,000
[See the Case Study](https://www.abl1.net/casestudy/westfield-nj-hard-money-loan-for-fix-and-flip/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Baldwin NY Fix And Flip Hard Money Loan - YouTube
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[Baldwin NY Fix And Flip Hard Money Loan](https://www.youtube.com/watch?v=_1vKGoVX6cc)
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### Baldwin, NY Fix & Flip
**Loan Amount:** $248,000 \| **Rehab Amount:** $88,000
[See the Case Study](https://www.abl1.net/casestudy/baldwin-ny-fix-and-flip-hard-money-loan/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Beautiful Fix And Flip In Newark NJ \| NJ Fix And Flip Lender - YouTube
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[Beautiful Fix And Flip In Newark NJ \| NJ Fix And Flip Lender](https://www.youtube.com/watch?v=ru8VmJYW2D4)
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[Watch on YouTube](https://www.youtube.com/watch?v=ru8VmJYW2D4 "Watch on YouTube")
### Newark, NJ Fix & Flip
**Loan Amount:** $186,000 \| **Rehab Amount:** $85,000
[See the Case Study](https://www.abl1.net/casestudy/fix-and-flip-loan-in-newark-nj/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Bridgeport CT Fix & Flip Before & After \| ABL Fix & Flip Lender - YouTube
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[Bridgeport CT Fix & Flip Before & After \| ABL Fix & Flip Lender](https://www.youtube.com/watch?v=6q_QOIVc6iw)
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### Bridgeport, Connecticut Fix & Flip
**Loan Amount:** $248,000 \| **Rehab Amount:** $88,000
[See the Case Study](https://www.abl1.net/casestudy/bridgeport-connecticut-cash-rehab/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Mount Holly NJ Fix & Flip \| Hard Money Fix & Flip Lender - YouTube
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[Mount Holly NJ Fix & Flip \| Hard Money Fix & Flip Lender](https://www.youtube.com/watch?v=aiHLHBTgun0)
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### Mt Holly, NJ Fix & Flip
**Loan Amount:** $127,000 \| **Rehab Amount:** $63,000
[See the Case Study](https://www.abl1.net/casestudy/mt-holly-nj-fix-flip-loan/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Brooklyn NY Fix & Flip Funded By Asset Based Lending - YouTube
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[Brooklyn NY Fix & Flip Funded By Asset Based Lending](https://www.youtube.com/watch?v=q1OrhiZGkJM)
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### Brooklyn, New York Fix & Flip
**Loan Amount:** $1,450,000 \| **Rehab Amount:** $400,000
[See the Case Study](https://www.abl1.net/casestudy/brooklyn-ny-fix-flip-hard-money-loan/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Hard Money Loan In Stony Brook NY \| Fix & Flip Before & After - YouTube
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[Hard Money Loan In Stony Brook NY \| Fix & Flip Before & After](https://www.youtube.com/watch?v=5ePt6LDZOCw)
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[Watch on YouTube](https://www.youtube.com/watch?v=5ePt6LDZOCw "Watch on YouTube")
### Stony Brook, NY Fix & Flip
**Loan Amount:** $178,000 \| **Rehab Amount:** $110,000
[See the Case Study](https://www.abl1.net/casestudy/stony-brook-ny-fix-flip-2/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Fix & Flip Before & After \| NJ Hard Money Lending Case Study - YouTube
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[Fix & Flip Before & After \| NJ Hard Money Lending Case Study](https://www.youtube.com/watch?v=WON-p4eaELs)
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### Rutherford, New Jersey Fix & Flip
**Loan Amount:** $448,000 \| **Rehab Amount:** $180,000
[See the Case Study](https://www.abl1.net/casestudy/rutherford-new-jersey-fix-flip/)
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Bloomfield New Jersey \| Hard Money Lending Case Study - YouTube
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[Bloomfield New Jersey \| Hard Money Lending Case Study](https://www.youtube.com/watch?v=JzaQwYuoi1E)
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### Bloomfield, New Jersey Fix & Flip
**Loan Amount:** $238,000 \| **Rehab Amount:** $85,000
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Piscataway NJ Fix & Flip \| Hard Money Lending Case Study - YouTube
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[Piscataway NJ Fix & Flip \| Hard Money Lending Case Study](https://www.youtube.com/watch?v=Own8N-i_CGg)
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### Piscataway, New Jersey Fix & Flip
**Loan Amount:** $156,000 \| **Rehab Amount:** $44,000
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
Before & After New Jersey Fix & Flip \| Hard Money Lending - YouTube
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[Before & After New Jersey Fix & Flip \| Hard Money Lending](https://www.youtube.com/watch?v=kT4sJ4tj-YM)
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### Rutherford, New Jersey Fix & Flip
**Loan Amount:** $388,000 \| **Rehab Amount:** $170,000
[Pre-Qualify Now](https://www.abl1.net/loan-programs/loan-pre-qualification/)
[Become Our Next Success Story](https://www.abl1.net/loan-programs/loan-pre-qualification/)
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Until then, please feel free to see some [deals we’ve recently funded](https://www.ablfunding.com/case-studies/recently-funded/), [case studies](https://www.ablfunding.com/case-studies/) in your area, or read what we’re up to on our [blog](https://www.ablfunding.com/blog/).
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# How To Succeed With A Hoarder House Fix & Flip
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 13, 2018 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
If you’ve been a [fix and flip investor](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) for any length of time, you’ve no doubt seen every manner and condition of property. A typical foreclosure often has some “junk” left behind, as well as damage, from holes punched in walls to graffiti or even more serious issues like electrical wires that have been cut or plumbing that’s been tampered with.
Most of these issues can be spotted during your showing and during follow-up walk-throughs with your contractor.
But have you ever considered flipping a hoarder house? With these properties, the rooms are typically filled floor to ceiling with stuff — books, clothing, furniture, boxes upon boxes, even trash. There may even be animal feces and rodents.
The problem is, when you can’t see the floors and walls you can’t spot most of the telltale signs you’d normally look for when analyzing a property. So what to do when flipping a hoarder’s house?
## When evaluating your next real estate investment, consider these tips for succeeding with a hoarder house fix and flip:
**Assume the worst for the renovation** Often, you need to clear the place out before you can get a contractor in for estimates. In this case, expect the worst.
Many [fix and flip](https://www.ablfunding.com/loan-programs/) investors will go so far as to assume a complete teardown. It may not come to that, but it is worth preparing for. Do, however, assume mold and water damage and expect to rip out sheetrock and tear up floors. Plan to take the house down to the studs and potentially the need for electrical repairs and upgrades, too.
Don’t forget to factor in the exterminator! Hopefully there aren’t termites, but there is likely to be all kinds of pests and rodents drawn in by the trash.
If you’re working directly with the seller, you might be able to put the house under contract and make the sale contingent on clearing out enough junk (don’t word it that way in the contract) to get a contractor inside for estimates.
Know that the seller may resist this, however, especially if they still live there. Hoarder houses pose a uniquely sensitive challenge because you are working with someone that may have a mental health condition (see more on that below).
**Outsource junk removal** There are companies that do this professionally, and they’ll probably be more cost-effective than your contractor. They will certainly take care of it much faster than you could.
Get several estimates and find out how much it will cost per dumpster — the largest size. You might be surprised how fast the tonnage adds up. Some rehabbers will also have metal scrappers come through to take what they can and help reduce the weight.
People are often tempted to wade through the mountains of trash looking for that treasure they can cash in on ebay. Resist this urge. The likelihood of finding gold is exceptionally slim, and you want to keep your eye on the bigger picture: the flip.
Remember that the profit on your rehab will far exceed anything you find in the house, and let it go. Take an hour or two walking through if you’d like — particularly if the items are in good shape or the person kept items new in boxes — but then focus on the real task.
**Factor in delays** Whether you’re working directly with a seller or are working with a Realtor, understand that hoarder houses are a special circumstance. Hoarding is a documented mental health condition in which the seller has an unhealthy attachment to all that stuff; it is very, very difficult for them to let go and they will often create all kinds of delays to the sale.
Anticipate issues and create incentives to close on time but understand that you’ll probably encounter at least one delay and possibly a cancellation.
**Understand what hoarding is** Above all, understand what hoarding is and be empathetic to it but don’t try to counsel the people involved. Hoarding disorder is a real condition and requires professional help, so leave that to the experts.
An understanding of the condition, however, will help you maneuver the negotiations and be better prepared throughout the process.
* * *
Because of its condition, a hoarder house fix and flip has the potential for significant profit with less competition from other investors. Many [fix and flip investors](https://www.ablfunding.com/case-studies/) can’t make it past the front door, and others simply don’t want to deal with it or take the risk.
But if you are extra conservative and have the patience and personality to deal with the uniqueness of the situation, a hoarder house can be a good option for a rehab — and make a huge impact on the neighborhood as well.
### Get financing for your fix and flip
When you’re ready to purchase and renovate your next property, [Asset Based Lending](https://www.ablfunding.com/) is here to help with 24-hours approvals and 5-10 day closings.
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
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# Build A Strong Foundation: 5 Tips For Selecting A Contractor For Your Next Fix And Flip
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Aug 9, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Are you wondering how to select and choose a general contractor? Hundreds of future and current real estate investors call our office each month to discuss a potential opportunity to work together. While it’s true that every deal is different – there are some components of a [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) that never change.
After originating over 800 [hard money loans](https://www.ablfunding.com/loan-programs/) in the last 5 years, one constant we’ve found is this: selecting a contractor is one of the riskiest decisions a flipper will make during the course of a deal. But fear not! Proper due diligence can help mitigate this risk. **Here are some tips on selecting a general contractor for your next flip.**
## Leverage Your Network
If you’re an experienced real estate investor or just starting out, chances are you’ve at least checked out one of your local real estate investor associations (or REIAs). If you haven’t, you should.
These networking groups and meetups are an excellent place to meet with like-minded investors, as well as the supporting companies you may need throughout your deals. Who better to give a referral for a fix and flip general contractor than someone who has just completed a fix and flip with said general contractor?
\[su\_frame align=”center”\]\[/su\_frame\]
## Check References
But don’t just check references. Really check references. Ask the contractor you’re interviewing for 3 local samples of his work, and then go visit them. Take a look first hand at the projects they’ve told you are [some of their best work](https://www.ablfunding.com/case-studies/). Walk the property, speak with the owner, and do your best to get a feel for the quality of their work and what it’s like to work with them.
## Interview Multiple Candidates
There is no rush to select a contractor. Treat hiring your GC like every business treats hiring a new employee. Don’t just hire the first person you meet. Instead, conduct professional interviews with several candidates to find the one that is best suited to your unique needs.
Just as you’re treating the contractor selection process like a professional interview, expect your candidates to do the same. Their professionalism during the hiring process should provide some insight into what you can expect from their professionalism and reliability throughout the renovation.
\[su\_frame align=”center”\]\[/su\_frame\]
## Get Specific
One of the most effective ways to compare contractors is to ask each for a detailed scope of work describing the work involved, cost, and time required. This will not only help you, as the project manager, get an idea for what the professionals think needs to be done but will also help you compare contractors on an even playing field. Without a detailed scope of work, it would be impossible to know if the multiple bids you’re receiving are actually comparing the same tasks.
## Get Comfortable With Draws
When it comes to [money management during a fix and flip](https://www.ablfunding.com/hard-money-loan-deal-calculator/), most [hard money lenders](https://www.ablfunding.com/) operate using the concept of draws. Draws done in arrears essentially means that the lender does not front the cost of renovations or construction, but rather reimburses the investor for the cost of work as it is completed.
While this process is common in the real estate investing industry, it’s important to make sure the contractor understands and agrees to this arrangement. The draw process not only helps keep you as an investor on time and within budget, but also helps reduce the risk of fraud or theft by a contractor.
* * *
Choosing a general contractor is just one of the many important decisions you’ll make throughout the course of a real estate investment. As a trusted source of local knowledge and expertise, we’re here to help guide you through the process. If you have a potential deal to discuss with a local loan officer, give us a call or **[pre-qualify online](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)**.
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
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- 
[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
- 
[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Jersey City, NJ
# Jersey City, NJ
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Jersey City, NJ
**Purchase Price:** $595,000
**Renovation Budget:**
**Loan Amount:** $386,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Property Purchase
**ARV:** $600,000
Situation:
Foreign national husband and wife investing team approached Asset Based Lending for a hard money loan to purchase a mixed use building in Jersey City New Jersey. The borrowers plan to refinance out of the loan within 9 months.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Loan Pre-Qualification
**Preliminary loan approval within 24 hours.**
Simply complete the loan pre-qualification form below online, or call: (201) 890-5925 to get pre-approved for a loan.
First Name(Required)
Last Name
Email Address(Required)
Phone Number(Required)
Loan Purpose(Required)
Purchase And RehabNew ConstructionLong Term DSCR LoanShort Term Cash Out/Refinance
Property Type
Single Family - AttachedSingle Family - DetachedCondoMulti Family 2-4Multi Family 5+Mixed UseTownhouse
Target Closing Date
MonthMonth123456789101112
DayDay12345678910111213141516171819202122232425262728293031
YearYear20262025202420232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920
Purchase Price
Rehab Or New Construction Budget
Estimated After Completion Value
City(Required)
State(Required)
AlabamaArizonaArkansasColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMississippiMissouriNew HampshireNew JerseyNew YorkNorth CarolinaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaTennesseeTexasVirginiaWashingtonWisconsin
NJ County
AtlanticBergenBurlingtonCamdenCape MayCumberlandEssexGloucesterHudsonHunterdonMercerMiddlesexMonmouthMorrisOceanPassaicSalemSommersetSussexUnionWarren
CT County
FairfieldHartfordLitchfieldMiddlesexNew HavenNew LondonTollandWindham
MA County
BarnstableBerkshireBristolDukesEssexFranklinHampdenHampshireMiddlesexNantucketNorfolkPlymouthSuffolkWorcester
NY County
BronxDutchessKingsNassauNew YorkOrangePutnamQueensRichmondRocklandSuffolkSullivanUlsterWestchester
PA County
BerksBucksChesterDelawareLehighMontgomeryNorthamptonPhiladelphia
MD County
Anne ArundelBaltimoreBaltimore CityHarfordHowardMontgomeryPrince George's
VA County
ArlingtonFairaxLoudounPrince William
FL County
AlachuaBakerBayBradfordBrevardBrowardCalhounCharlotteCitrusClayCollierColumbiaDe SotoDixieDuvalEscambiaFlaglerFranklinGadsdenGilchristGladesGulfHamiltonHardeeHendryHernandoHighlandsHillsboroughHolmesIndian RiverJacksonJeffersonLafayetteLakeLeeLeonLevyLibertyMadisonManateeMarionMartinMiami-DadeMonroeNassauOkaloosaOkeechobeeOrangeOsceolaPalm BeachPascoPinellasPolkPutnamSaint JohnsSaint LucieSanta RosaSarasotaSeminoleSumterSuwanneeTaylorUnionVolusiaWakullaWaltonWashington
DC County
District Of Columbia
Exit Strategy
RefinanceFlip
How Did You Hear About Us?
Consent To Contact
Yes, I consent to having ABL contact me via SMS messaging.
No, I do not consent to having ABL contact me via SMS messaging.
By providing your mobile phone number and clicking the "Yes, I consent" button, you consent to receive SMS messages from ABL for informational and promotional purposes. Message and data rates may apply, and you may opt out at any time by replying "STOP" to any of our messages. Your consent is not a condition of purchasing any goods or services. ABL does not share any information obtained from SMS consent with any third parties or affiliates. [Read full privacy policy.](https://www.ablfunding.com/loan-programs/loan-pre-qualification/#)
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[iframe](about:blank)
Q
## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
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## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/where-we-lend/virginia/construction-loans/#)
Review Title
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What our borrowers have to say
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4.9 star rating 525 Reviews
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
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Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/10/24
Got my deal done
A big thank you to Andrew and the whole team.
Thomas W.
5.0 star rating 06/10/24
Got my deal done
A big thank you to Andrew and the whole team.
Thomas W.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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## Virginia’s experienced investors deserve the best hard money lender for construction.
Investing in new construction is a dynamic opportunity that requires a lot of experience and planning. It also calls for specialized funding that meets the demands of your project – on time, every time. From Bergen County down to Gloucester County, Asset Based Lending has provided VA construction loans for over a decade. We offer [hard money new construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) for residential investment properties in Virginia, working with you to create the smoothest funding process – from closing through draw management – so you can access your money right when you need it.
We understand how complicated these projects can be, so our team of experts work hard to make your new construction loan process fast and simple- approval as fast as 24 hours and funding in 10 days or less. [Contact us](https://www.ablfunding.com/about/contact-us/) today to match your next construction project with the most reliable and flexible construction loans in VA.
### ABL’s Promise To You
#### Speed
We promise to move as quickly as you need us. Our team will jump through hoops to make your closing happen. Our record is 48 hours!
#### Access To Underwriters
Our underwriters work side-by-side with company owners to provide flexible terms tailored to your project; every borrower gets to speak directly to the person responsible for approving their loan.
#### Availability
We’re here for you when you need us – whenever that may be. That’s why our loan officers are always available to take your calls.
#### Local Support
With local experts on the ground, we apply common-sense underwriting that takes your area’s nuances into consideration. We know the market and have a trusted vendor network.
#### Relationships Matter
We’re not here to simply fund your deal and move on. We’re building relationships and transforming neighborhoods through superior service and advice.
#### Don't Take Our Word For It
Take a look at these [**verified reviews from real borrowers**](https://www.ablfunding.com/about/reviews/), and then give us a call to speak with a local loan specialist and feel the difference for yourself.
## Close In 10 Days Or Less. Rates Start As Low As 9.99%.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
### New construction needed in Virginia
With the housing supply remaining low in a high demand market, this seller’s market is the perfect time for your next construction project. While some real estate investors prefer to [fix and flip houses](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/fix-flip-loans/), new residential construction is the only way to increase the existing supply to match the growing demand, making it an excellent investment opportunity. According to Mashvisor, the median price for home sales in the area grew over 5% in June 2020 while supply continues to dwindle from 2019.
The desire for suburban living is reaching an all-time high, but people still want to live near major metropolitan areas and travel hubs. Asset Based Lending is dedicated to helping serious real estate investors meet this housing demand with accessible [new construction loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) in Virginia. Borrowing from ABL means you’re borrowing from a reputable construction loan lender with flexible draw schedules and dedicated experts, letting you focus on the project at hand. If you have the right property and the right plan of action, our team is ready to show you why we have the most reliable construction loans.
### Why use hard money loans for construction?
As a builder, you have several options for funding for your projects. Not all new construction lenders and loan programs are equal, so it is important to find the best option for you. Hard money loans are a form of short-term funding designed to provide the money you need to quickly purchase the land, build the property, and sell the home or roll into a long-term loan.
[VA hard money lenders](https://www.ablfunding.com/where-we-lend/virginia/) rely more on an evaluation of your project and real estate experience, instead of traditional underwriting criteria. This flexible criterion allows for faster approval and a smooth lending process that better fits the new construction business model. Investors and contractors should be able to prove that they have the appropriate experience for the deal and enough liquidity to carry out the project according to plan. This distinguishes new construction loans from conventional loans, for which you need to spend more time proving your personal creditworthiness.
When you apply for a hard money loan for new construction in Virginia, the process is structured significantly differently. Although you still must establish a few parameters such as the value of the land and your ability to make a down payment, the rest of the approval process is much quicker. Many investors find [hard money loans](https://www.ablfunding.com/loan-programs/) to be more efficient than other new construction lending options, allowing them to catch a great deal in the nick of time. Asset Based Lending is proud to be one of the premier [hard money lenders](https://www.ablfunding.com/) for new construction.
### The new construction loans VA investors trust
Experienced investors partner with Asset Based Lending — a lender that understands your project and provides you with the flexibility and reliability your business demands. Our loan officers and underwriters are experts in the local markets, so you can count on them to truly understand your deal scenario. Investors come back to us each time they need a new construction loan because of our ability to move quickly and efficiently. We can approve construction loans within 24 hours and close in 10 days or less.
In addition to our quick processing capabilities, our hard money loans for new construction in Virginia feature the following benefits:
- Loan sizes ranging from $100K to $3.5M
- Competitive interest rates starting at 9.99%
- 100% construction financing
- Loan terms averaging 12-18 month terms
- No prepayment penalty
- Professional draw management
The right kind of loan may be the difference between a successful project and a stressful one. If you’re ready to move forward with your project or want to learn more about the best new construction loans, contact Asset Based Lending today.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Westfield, NJ Fix & Flip
# Westfield, NJ Fix & Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Westfield, NJ
**Purchase Price:** $760,000
**Renovation Budget:** $200,000
**Loan Amount:** $816,000
**Loan Structure:** 12 months interest only
**Loan Purpose:** Purchase And Rehab
**ARV:** $1,275,000
Situation:
This brother sister investing team came to ABL looking for a hard money loan to finance the purchase and rehabilitation of a single family home in Westfield New Jersey. This was their first flip in New Jersey, but they’ve previously flipped several projects in other areas of the country.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Blog
[](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
## [Interview With Paul Ullman On The Best Ever Real Estate Advice Podcast](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 25, 2016 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
The best real estate investing advice ever. ABL's Managing Partner, Paul Ullman, recently sat down with Joe Fairless of "The Best Real Estate Investing Advice Ever Show" podcast to discuss what makes a successful real estate investor, why all hard money lenders are...
[read more](https://www.ablfunding.com/blog/paul-ullman-interview-best-real-estate-advice-hard-money-lender/)
[](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
## [Infographic: 4 Profit Killing Mistakes Made By New House Flippers](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 19, 2016 \| [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Benefit from the mistakes of other first time home flippers. No one is perfect. When it comes to real estate investing, even the savviest investors make mistakes their first time around. While we do our best to guide new investors through the process, there are still...
[read more](https://www.ablfunding.com/blog/infographic-4-profit-killing-mistakes-made-new-house-flippers/)
[](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
## [House Flipping Statistics All Real Estate Investors Should Know](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| May 4, 2016 \| [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
For real estate investors involved in flipping properties, having data from a house flipping report to support investment decisions allows for smarter and more profitable strategies. The 2015 US Home Flipping Report compiled by RealtyTrac provides detailed information...
[read more](https://www.ablfunding.com/blog/house-flipping-statistics-real-estate-investors-know/)
[](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
## [Bloomfield New Jersey Fix And Flip Case Study](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Apr 29, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
We always love to see when one of our fix and flip borrowers turns an investment opportunity into a gorgeous (and profitable) dream home. When Asset Based Lending's hard money borrowers got their hands on this fixer upper in Bloomfield New Jersey, they knew they had...
[read more](https://www.ablfunding.com/blog/bloomfield-nj-fix-flip-case-study/)
[](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
## [ABL Posts Record Month In March](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Apr 5, 2016 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/)
$11.75 Million In Hard Money Loans Funded! 2016 is off to a strong start for the Asset Based Lending team, posting several strong months and even breaking the company's record in March. Last month, ABL funded a record 33 real estate investment projects, distributing...
[read more](https://www.ablfunding.com/blog/abl-record-hard-money-lending-month/)
[](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
## [Fix & Flip Before & After In New Jersey](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 18, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
Our New Jersey fix and flip borrowers do some pretty amazing work. The real estate investors that borrow from Asset Based Lending do some pretty incredible work. This video showcases the before and after images of a house flip that took place in Rutherford New Jersey....
[read more](https://www.ablfunding.com/blog/fix-flip-new-jersey/)
[](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
## [Making Hard Money Work For Investors](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 10, 2016 \| [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
Written by Asset Based Lending's Managing Partner Paul Ullman, this article previously appeared in the Scotsman Guide . Private lenders offer rapid solutions to residential funding questions Private lenders, frequently known as hard-money lenders, have become a...
[read more](https://www.ablfunding.com/blog/making-hard-money-work-investors/)
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### Recent Posts
- 
[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
- 
[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
- 
[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
### Join Our Mailing List
### Categories
- [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/)
- [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/)
- [Blog](https://www.ablfunding.com/blog/category/blog/)
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- [DSCR Rental Loans](https://www.ablfunding.com/blog/category/dscr-rental-loans/)
- [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
- [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
- [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
- [Multifamily](https://www.ablfunding.com/blog/category/multifamily/)
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# 14 Experts Share Their Fix And Flip Secrets
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jul 5, 2017 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Flipping houses for a profit is harder than many people think. There are so many reality TV shows glamorizing the process of fixing and flipping, but in reality, flipping is a business. Just like any other business it requires hard work, strategy, and knowledge.
We are always working to ensure that our borrowers are as educated and successful as possible. To help accomplish this, we’ve asked 14 of the top experts in the real estate investing space to share tips and tricks that have made them successful over tshe years.
Read this article to gain real actionable insights into the processes and procedures of some of the very best fix and flippers in the country!
With each quote, you’ll find tweetables from each expert. If one expert’s tip really resonates with you, **thank them by tweeting their advice.** They’ll appreciate it, and so will your followers!
## What advice would you give to a fix and flip investor?
**Bill:** “Besides overpaying for a property, one of the biggest mistakes I see investors making when getting into flipping homes is using the wrong real estate agent. If you want a great experience as a real estate investor you should have someone on your team that can be a second set of eyes when purchasing flips. A seasoned realtor should have the skill set to be able to analyze an appropriate purchase price along with what the home can sell for after renovations.
The second skill the agent needs to have is a strong grasp for marketing. The agent needs to communicate effectively exactly what has been done to the property. The quality of the contractor’s workmanship along with features and amenities should be emphasized.”
\[bctt tweet=”Have someone on your team that can be a second set of eyes when purchasing flips” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Bill Gassett**
_Bill is a [Holliston Massachusetts Real Estate Agent](https://www.maxrealestateexposure.com/ma-re/middlesex-county/holliston-ma-real-estate/) who has been selling homes for the last thirty years and has operated in both seller’s and buyer’s markets multiple times.\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Justin:** “After coaching and working with some of the nation’s top house flippers and wholesalers it has become pretty clear that there is a key differentiator between those who are highly successful and those who are just getting by.
- Most investors “look for deals” and high level investors create systems to bring deals to them.
You will never hear a high level investor say they “can’t find any deals”, truth is they aren’t really even “looking for deals”. Their business is set up in a way where they have a constant and consistent lead flow. They have systems and people who sift through these leads for the gold with an automated follow up process to help. They run their business through KPI’s and a dashboard. Their goal is not to “find the next deal”, but rather to continue to empower and improve their teams and systems in their business.
- High level investors surround themselves with and learn from other high level investors. Free podcasts, books, forums, and REI clubs will only get you so far. In fact, often hanging out with all new or struggling investors after a while can really slow you down.
I’m not saying you shouldn’t participate in any of these during your career but it’s important to know that if you want to get to the next level then you need to hang out with higher level players.
The level of investors you surround yourself with is usually the level to which you will rise in your success. High level house flippers and wholesalers recognize the importance in investing both time and money to surround themselves and be able to be coached by these kinds of groups. This is what keeps them on top and able to always implement the best systems to stay ahead of the game while continuing to prosper in a business where many others struggle just to get by.”
\[bctt tweet=”Most investors look for deals. High level investors create systems to bring deals to them” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Justin Williams** _Justin Williams has flipped over 500 homes and shares actionable advice on his site [HouseflippingHQ.com](https://houseflippinghq.com/).\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Paul:** “For those of you who are thinking about taking the plunge, allow me to offer some advice. Understand that finding, fixing and flipping a house is not an activity, it is a business. As such, approach it as a business person would approach any business – with a plan that is written and read by at least several other people. Your plan must describe how you will:
- Locate a house in your target area that is offered at a discount of at least 20% to the prevailing market.
- Determine what the house needs with respect to repair that will allow it to be sold at a price that will earn you at least a 15% return on total deal cost.
- Find a General Contractor that will manage the repair process at your budget.
- Find a Realtor who will give you consistent and unbiased access to knowledge about the value of homes in your target area. It will not necessarily be the case that your realtor will be the same for purchase as for sale.
- Find an Investor, and/or a Lender to help you capitalize the transaction if you do not have the necessary capital.
- Determine what return on capital your investor will require and/or what a lender will require with respect to interest on their loan. These costs should be considered as any other cost of the deal to determine total deal profitability.
- Build a budget, in a spreadsheet, that will list all your costs and calculate your return post sale.
Writing this all down can be a terrifying. I know, because I did it once and it wasn’t pretty. But, it was, and is, an essential exercise as it will show you what you know and what you do not. Any business is ultimately about making money, and those that proceed with knowledge, and a written plan will make money more frequently, and more consistently, than those who do not.
One last piece of advice. For less than $10 on Amazon, you can buy a book that will address the above. Find it, buy it and read it.
Good Luck!”
\[bctt tweet=”Understand that finding, fixing & flipping a house is not an activity, it is a business.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Paul Ullman** _Paul Ullman is a founder and Chief Investment Officer of [Asset Based Lending](https://www.ablfunding.com/). Paul continues to take great pride in helping ABLs borrowers make money and improve neighborhoods. As CIO, Paul reviews the overall loan exposures for the company. Since 2010, ABL has closed 1250+ transactions totaling over $250mm. \[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Joshua:** “Success with house flipping is all about three things:
- Knowing how much the house will be worth at the end (After Repair Value, aka “ARV”),
- Knowing how much to spend fixing it up (the Rehab Budget), and
- Making sure you buy the property at the right price.
Working with a great real estate agent who understands the market can help you with #1 and #3, and a great contractor can help with #2. After that, it’s all about managing all the moving parts to ensure you don’t go over budget and you get done on time!”
\[bctt tweet=”Success with house flipping is all about managing the moving parts” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Joshua Dorkin** _Joshua is founder and CEO of [Biggerpockets.com](https://www.biggerpockets.com/) – the top blog in all of real estate. His articles have been featured on_ _Reuters, Fox Business News and the Chicago Sun-Times._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Tom:**“We spend most of our efforts analyzing the deal up front. The old cliché “you make your money when you buy the house” really stands true. Spending the time to really look at the recent sales in the area and studying their finishes will determine what your flip should sell for after you are done. Only remodel to match the comps and don’t over improve. Like appraisers, we only look at sales 6 months back and within a half mile radius. In rapidly appreciating markets like we are experiencing now, it’s imperative to also consider the pending listings.
Once you are comfortable with an accurate exit price, it all comes down to having a solid renovation budget. If you don’t have experience in this area, get good help! Then we start backing out our numbers from the After Repaired Value exit price. We subtract renovation costs, carrying costs, selling costs and our profit. If you are using [hard money](https://www.ablfunding.com/loan-programs/) you must subtract these financing costs as well. Most investors shoot for a 10% minimum Net ROI.
Don’t cut corners on the repairs and always disclose everything you know to your new buyer. There is always risk involved but if you follow this guideline you should limit your exposure to a potential unprofitable flip.”
\[bctt tweet=”In rapidly appreciating markets, it’s imperative to consider the pending listings.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Tom Tarrant** _Tom Tarrant from Green Button Homes has been fixing and flipping full time for 13 years in San Diego, California and Texas._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Mark:**“Make sure you calculate all the costs! There are many more expenses than just the repairs. You will have:
- Carrying costs: insurance, utilities, taxes, HOA, maintenance.
- Buying costs: inspections, closings fees, recording fees.
- Loan costs: appraisal, points, interest, doc fees, flood certification fees.
- Selling costs: agent commissions, buyer closing costs, recording fees, closing fees, title insurance, inspection requests, appraisal repairs.
The repairs will always cost more and take longer than you think! When you rehab a house you will find things that need work that you did not know about. This will add time and money to the budget. You will also have contractors who over promise. Be prepared to hold houses longer than you think and pay more for repairs than you estimate.
Do not force a deal. The numbers will tell you if a deal is worth doing. Do not bid too high just because other investors are pushing their numbers or hope that prices will go up when you are ready to sell. Base your numbers on current market prices.
Do not list your home for too much money trying to make up for increased costs. The market does not care how much money you spent on repairs, and listing too high will cost you even more money.”
\[bctt tweet=”Be prepared to hold houses longer than you think & pay more for repairs than you estimate. ” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Mark Ferguson** _Mark Ferguson is the owner of the blog [investfourmore.com](https://investfourmore.com/). He has flipped over 100 homes and owns 16 rental properties. He has been featured on Zillow, Forbes, The Huffington Post, and Money Magazine._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Sean:** “Build Professional Relationships to Find Off-Market Deals.
The most challenging part of flipping houses in today’s market is finding the deal. I recommend investors build relationships with attorneys, paralegals, and mortgage brokers as a great way to get exclusive off-market deals. Identify these professionals in your target market, connect, and nurture the relationship. This creates win-win-win solutions when they have clients in distressed situations. It makes these professionals look good and may generate business they would have otherwise lost out on. It helps the client, and you can get paid for providing a valuable service to those in need. These sources can yield highly motivated sellers, who already trust you when you are introduced, while avoiding the pain of other deals which pitch investors against each other in bidding wars.
Be wary of wasting too much on wooing these lead sources with free lunches. Especially at first, and until you know you really have a shot at their business. Do start with a professionally drafted script, and know what you can bring to the table in value. Remember that one of the best ways to get referrals, is to give one first.”
\[bctt tweet=”Build Professional Relationships to Find Off-Market Deals.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Sean “Sensei” Gilliand** _Sean Gilliand is the founder of [_BlackBeltInvestors.com_](https://blackbeltinvestors.com/) _and_ _Remote Rehabs_ _, a national martial arts champion, national speaker, business coach, and real estate investor for over 22 years.__ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Marty:**“The most important piece of advice I can offer someone thinking about fixing and flipping houses is don’t treat it like a hobby. Hobbies are expensive.
Fixing and flipping houses is a business. And like any smart business owner, you need to understand supply and demand in your market. More importantly, you must know what the customer (homebuyer) wants.
A lot of people get into the [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) business because of what they see on HGTV. Or, they think because they know how to install tile and paint that rehabbing houses is easy.
However, there a number of other skills required. You must be a good negotiator, and an even better time manager, budget manager and people manager.
It doesn’t really matter how good you are with a hammer and skill saw if you don’t keep to a schedule and budget. You’re not doing this for fun, or charity. It’s to make money. And profit is difficult to earn if you overestimate the value of your property after the rehab is complete, and underestimate the repair costs.
Immerse yourself in the business of fixing and flipping houses. Read. Listen. Watch what other fix and flip investors in your real estate market are doing. There have never been more free resources, in books and online, available for you to learn how to fix and flip a house successfully.
To win, take advantage of this information, and take your business seriously.”
\[bctt tweet=”Doesn’t matter how good you are with a hammer & saw if you don’t keep to a schedule & budget.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Marty Boardman** _Marty is the owner of [fixandfliphub.com](https://fixandfliphub.com/). He has flipped over 150 houses and teaches others how to find, fund, fix, and flip properties on their own._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Doug: “** As active fix & flippers and wholesalers in this current market, we spend a LOT of money to get leads. More leads = More deals! Anyone who does this knows that those leads are extremely valuable! They are not only valuable because there could be a potential seller ready to sell you their property, but because you have literally spent hundreds, thousands, or even tens of thousands of dollars to get the phone to ring to create that lead. The lead is gold, so treat it like that.
The truth of the matter is, you aren’t going to be able to come to an agreement or make a “deal” with the vast majority of your leads during the initial negotiation. This is normal. The seller just likely isn’t quite motivated enough. However, time and circumstances can change a seller’s motivation and they very likely will be motivated to sell their house at some point in the future.
If you hope to be the investor that buys their house when they are ready to sell then you must make sure that you are FOLLOWING UP with your leads! Don’t take your follow-up lightly! Create the systems you need to continue to connect, reach out to, and follow-up with your cold leads even when you think there is no point. Last year 25% of our deals came from extended follow up. You won’t regret it, by doing relentless follow-up, your deal flow will increase!”
\[bctt tweet=”Last year, 25% of our deals came from extended follow up.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Doug, Spouses Flipping Houses** _Doug has over 10 years of full time experience in Real Estate sales, loans, and valuation. He has been an active Real Estate investor for the past 8 years. You can find more information about Doug & his business at:_ _SpousesFlippingHouses.com_ _&_ _[SoCalHomebuyers.com](https://socalhomebuyers.com/)_ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Stacey:** “When searching for a potential fix and flip property, make sure to take environmental issues into consideration –they can make or break a deal. If a house has an underground oil tank, do yourself a favor and do a tank sweep in case there is soil contamination. If there is, the deal may not be worth it. Soil remediation is pricey and will definitely affect the resale value of the property. Also, if the property is in a flood zone, you must factor in additional holding costs in case it takes longer than you expect to sell. Properties in flood zones require flood insurance and can burn a hole in your pocket if the property sits for too long.”
\[bctt tweet=”Environmental issues can make or break a deal” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Stacey Andreola** _Stacey has successfully helped fix and flip investors secure over 100 million dollars in financing in the booming NY/NJ metro area as Vice President of Sales at Asset Based Lending. She has a keen eye for deal profitability and high value investments._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Eric:** “Some people think that there are multiple steps needed to starting in real estate. In reality, there is only one. Your first step should be to start networking.
Regardless of how much you read online or in books, nothing will replace the knowledge gained by a one on one conversation with another investor. The best way to earn the valuable time of an experienced investor is to offer to buy them food.
Just about everyone will agree to have lunch or dinner if you’re buying. You can buy an hour of time with someone for $20-$30. To pay for that same hour, you may pay a consultant $200+. It’s a great value for the money! So, get out there, start networking, and follow up with the people you connect with and offer to take them to lunch!”
\[bctt tweet=”Nothing will replace the knowledge gained by a 1 on 1 conversation with another investor” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Eric Bowlin** _Eric Bowlin started investing in real estate in 2009 and quit working in 2015 when he was 30 years old. Eric is a founder of_ [_https://idealrei.com_](https://idealrei.com/) _, a site about achieving financial independence through passive income and real estate investing._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Sharon:**“In a lot of areas, investors are having a hard time finding properties to rehab. This is especially true for properties that will typically be sold to first time home buyers. These are entry level homes. This particular price point is where most investors will be working so it will be harder to find deals.
One way to solve this problem is to move up one notch in the type of house you rehab. Move out of the entry level property and into the “move up” property. It’s not a huge jump for the investor in their rehab costs, but there is a whole lot less competition from other investors for these houses.
When you are rehabbing your house, always do an above average job. Nobody likes average or ordinary. There are a lot of upgrades and finishes that won’t cost you a whole lot of extra money, but they will give your property a lot of “wow”.
My other tip has to do with selling your rehabbed properties. The best thing you can do to is to invest in staging your properties. They will sell faster and for more money every time, because they look great and people can imagine themselves in the home.
It’s not that hard to set yourself apart from the competition with a little extra effort. What does that mean to you? More dollars in your pocket.”
\[bctt tweet=”When rehabbing your house, always do an above average job. Nobody likes average or ordinary. ” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Sharon Vornholt** _Sharon has been investing in real estate since 1998. She owned and operated a successful home inspection company for 17 years. In January of 2008 she took the leap of closing her business to become a full time real estate investor. She blogs over at louisvillesgalrealestateblog.com_ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Ed:** “In my experience, the most important thing is to know what the area can support in terms of a final rehabbed property. You need to do your research on what properties are selling for and what they look like from the inside out. What features do they have? Do they have granite countertops? Hardwood floors? It’s important to match what the market dictates in terms of renovations. So many people buy properties because they are beat up and need rehab not realizing that the renovations might surpass what the market can support and eat away at a deal’s profit. Know that you make your profit on the purchase, not the sale and you will be in good shape going forward.”
\[bctt tweet=”Do your research on what properties are selling for & what they look like from the inside out” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Ed Hendrickson** _An avid real estate investor since 2013, and licensed Realtor, Ed is currently a Loan Officer at Asset Based Lending where he has helped fix and flip investors secure million of dollars in financing._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
**Michael:** “I get asked the question from new investors a lot. What do I do first? Find money or find a deal?
I always answer the same way. There is no right answer: do both when you are starting out and as you continue to grow in the business.
I say, if you find a real deal first without raising any money or if you don’t have a lender lined up to help close the deal, then don’t worry. The bottom line is, you can move it or wholesale it to another investor all day long and make a nice assignment fee depending on how well you negotiated the price up front.
Now if you get the money first, this will motivate you to find a deal. You will step up your networking and put the word out that you are ready to buy. Wholesalers will start sending you some possible properties to purchase and real estate agents you are working with will do the same. Also someone else might have a property with no funding -making a perfect opportunity for a partnership.
Take action and it will happen!”
\[bctt tweet=”What do I do first? Find money or find a deal? The answer is: both.” username=”ablending”\]
\[su\_note note\_color=”#fefefe” text\_color=”#4b4b4b” radius=”0″\]
**Michael LaCava** _Michael LaCava is a full time real estate investor, house flipping coach and the President of Hold Em Realty located in Wareham, MA. He runs the website [houseflippingschool.com](https://houseflippingschool.com/) to teach new real estate investors how to flip houses._ _\[/su\_note\]\[su\_divider top=”no” style=”dotted” divider\_color=”#e4e4e4″ size=”1″ margin=”10″\]_
Now that you are equipped with the advice of some of the best minds in the fix and flip world, it’s time to go to work.
Did our experts leave out a key piece of advice? **Share your own fix and flip secrets in the comments below!** What’s the most important piece of advice you would give to a fix and flip investor?
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# Post-Close FAQs
##### Interest Payments - FCI
You will be receiving information in the mail from our servicer, FCI Loan Services, within a few weeks of loan closing. You will be making your monthly interest payments directly to FCI and they will be sending you monthly statements.
FCI will send you information on how to create an account on [their website](https://www.trustfci.com/) and let you know the many convenient ways you can make your payment each month. The safest and most convenient method of payment is ACH, a monthly auto debit directly from your bank account. You should have already received the ACH Customer Authorization form from our Processing Team, but if you haven’t already filled it out and returned it to us, FCI will be sending you one as well which you can return directly to them. _\*If you have a construction loan put ‘Various’ in the Monthly Payment Amount field as your interest payment will change as you draw down your loan. FCI will send you notifications each month regarding the new payment amount and debit the proper amount of interest from your account._
If you need to reach out to FCI sooner, their customer service phone number is 800-931-2424.
If you wish to mail your payment the address is:
**FCI Lender Services** **PO Box 27370** **Anaheim, CA 92809-0112**
\*Please note your loan number on any payment or inquiry that you make to FCI. If you don’t know your loan number, you can find it in your [borrower portal account.](https://www.ablfunding.com/login/)
##### Draw Procedure
When you are ready to schedule your first draw inspection you may do so through your [borrower portal account](https://www.ablfunding.com/login/) or by emailing a request to [draws@abl1.net](mailto:draws@abl1.net) and and copying your Loan Officer. Please be sure to reference the property address on this email.
We will have the appraiser/inspector contact you to make an appointment to document the improvements you’ve made to the property. We will review the inspection report and if the work completed is consistent with the relevant draw we will release the draw money to your entity’s bank account. This draw process can take anywhere from 3-5 business days depending on your and the appraiser’s schedules, therefore, It is best to schedule the inspection several days before you feel you will need the draw.
##### Payoff Procedure
When you are ready to pay off your loan you may send a payoff request through your [borrower portal account](https://www.ablfunding.com/login/) or by sending an email to [payoffs@abl1.net](mailto:payoffs@abl1.net). Payoff requests can take up to 5 business days so please consider that as you near the closing date. When you make the request be sure to include the property address in the subject line and the closing date in the body of the email.
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# Reasonable Use Policy
Asset Based Lending, LLC has prepared this Reasonable Use Policy (“Policy”) as a guide for its customers to understand the intended and permissible uses of our service, and to prevent exploitation, fraud, and abuse of its unlimited [proof of funds offer](https://www.ablfunding.com/loan-programs/get-proof-of-funds-letter/).
**Normal, Reasonable Borrower Use**
Asset Based Lending, LLC’s service is intended to process and deliver proof of funds requests at levels of our typical borrowers’ patterns (hereafter also referred to as “normal” investor use). “Unlimited” refers to that type and level of usage. “Typical” refers to the request patterns of at least 80% of our customers on a particular loan processing file. Normal investor request profiles and utilization do not include excessive levels that may arise from business or fraudulent use. “Unlimited” does not refer to those types and levels of usage. Proof of funds utilization that is indicative of, or arising from, impermissible business or fraudulent use, as outlined herein and at the discretion of Asset Based Lending LLC’s Partners, may be declined.
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# Monroe CT Fix And Flip
# Monroe CT Fix And Flip
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Monroe, CT
**Borrower Profile:** Experienced Borrower And Builder.
**Work Description:** Heavy rehab of single family detached home in suburban stable neighborhood.
**Purchase Price:** $98,125
**Renovation Budget:** $67,650
**Loan Amount:** $140,000
**Cash Available for Purchase:** $72,350
**Cash Available for Renovation:** $67,650
**Loan Structure:** 12 Months Interest Only
**Loan Purpose:** Property Purchase And Rehabilitation
**ARV:** $240,000
**Sale Price:** $359,000
**Time To Pay Off:** 9 months
Front – After
Front – Before
Situation:
This [Connecticut fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) was the borrower’s fifth deal with us, and it’s a good thing he is an experienced investor because this project required a lot of rehab. It needed a new kitchen, roof, and doors, as well as permits for electrical and plumbing upgrades, and a new HVAC system and boiler.
Outcome:
This borrower did such good work that his finished product sold for over $100,000 more than expected! He more than doubled his investment – and paid off 3 months early. His talent as an investor is especially apparent in the before and after pictures of the living room: he preserved the aspects of the original house that gave it charm, like the brick fireplace and ceiling fan, but simplified and cleaned up the rest of the space to completely transform it. We’d say this is a model fix and flip!
Kitchen – Before
Interior – Before
Bathroom – Before
Kitchen – After
Interior – After
Bathroom – After
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# Qualifying For A Hard Money Loan
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jul 6, 2016 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
You’ve found the perfect house to [buy and flip](https://www.ablfunding.com/tag/fix-flip/). You’ve done your due-diligence, made your offer and got the property at a great price as long as you pay “cash” and close quickly, but you don’t quite have enough money on hand—now what?
[Hard money loans](https://www.ablfunding.com/loan-programs/) help flippers in this exact situation. They are meant to aid flippers who need to close quickly and not jump through the hoops of a traditional bank loan. So, how can you get a hard money loan? First, you’ll need to make sure your team and your project qualifies.
## **Who Can Qualify for Hard Money Loans?**
Unlike traditional bank loans, the [primary factor](https://retipster.com/hard-money-101-everything-need-know-getting-started-hard-money-loans/) hard money lenders are looking at is the overall profitability of the deal the investor is considering. Banks place tremendous focus on both the property as collateral and the buyer’s creditworthiness because they are lending as much as 97% of the property’s value. If the buyer fails to make their mortgage payments, the bank stands to lose money due to the high Loan-to-Value or LTV.
While a hard money lender wants to understand who they are lending to by reviewing the flipper’s experience, cash-on-hand, income and credit, their focus is more on the property itself. They will carefully review the value of the property, the extent of rehab that is planned for the home, and who the contractor is doing the work. As a result, hard money lenders will de-emphasize the credit and income profile of the borrower as a qualification for the loan.
## **What Types of Projects Qualify for Hard Money Loans?**
Generally, hard money lenders require their borrowers to form some sort of entity (usually an LLC), rather than borrowing as an individual consumer. So, it’s important that you make sure your purchase contract is assignable to an entity or the contract is originally in the name of an entity that you have previously formed. Additionally, almost all hard money lenders require the property to be non owner-occupied. This means that for the duration of the loan, the borrower cannot be living in the property covered by the loan. Next, you have to check with the hard money lender to see if they lend in the particular state that your property is located. Most hard money lenders do not lend nationwide and many only focus on one state.
The following are [good examples of programs](https://www.financialsamurai.com/what-is-the-best-way-to-make-money-fixing-and-flipping-homes/) that a great hard money lender will engage in:
- [Fix and Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [Cash-Out Refinance](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
The fix and flip is a popular revenue-generating strategy that involves the purchase of land or property, the development or renovation of it’s current status, and it’s resale at a price higher than the sum of the total project costs. Cash out refinance involves refinancing an existing mortgage loan, where the new mortgage loan is for a larger amount than the current loan – so you (or the borrower) receive the difference between the two loans in cash. The term “new construction” is typically used to describe a house that is currently being built or has been completed but has never had any occupants.
Each potential project contains its own set of circumstances, so it is important to contact the hard money lender to understand if your particular project will qualify. But, when you contact the lender, be sure to have all of the relevant facts of your deal readily available.
## **How Quickly Can I Get a Hard Money Loan?**
It is possible to score a hard money loan very quickly! This is one of the great benefits of choosing a hard money lender versus a traditional bank. The first step is to gather together all of your deal points and fill out an application. Within a 10-minute conversation with the lender, assuming you present the circumstances of your plan in a clear and organized fashion, they should be able to tell you whether or not it seems like a deal they are interested in funding. After submitting an initial application, and depending on the lender you are dealing with, your loan will go through an underwriting process in which the hard money lender will review the contract, the proposed scope of work, overall deal structure and value, and any other pertinent information you provide them with. The lender will want to involve an experienced appraiser to inspect and appraise your property as you proceed with the loan process, so as to avoid any misjudgments and to make your loan process more accurate and smooth.
Once the underwriter approves the loan, the hard money lender is able to push the loan into the closing process immediately, which will be held at a title company or attorney’s office. If you have all of your affairs in order, the typical hard money lender can get through the entire process and fund within two weeks, but some are capable of closing as quickly as 2-3 days.
## **How Much Money Can I Get with a Hard Money Loan?**
Lending amounts will vary from lender to lender. The overall amount of money in a hard money loan also varies depending on the details of your contract and specified need, but generally falls between $75,000 and $2,000,000 for a residential project. In addition to the amount you can expect, it is critical to understand what LTVs a hard money lender will go up to. A solid, trustworthy lender may lend an entity looking to fix and flip a property 80% of the acquisition cost and 100% of the rehab costs, up to a maximum loan to After Repair Value of 65%.
For example, imagine you find a property to purchase for $100,000 that will be worth $180,000 after investing $30,000 into the rehab. You can expect the lender to lend you $80,000 to purchase the property and another $30,000 to rehab it. However, since a lender like ABL has the loan amount capped at 65% of the ARV, the total loan proceeds will be a max of $117,000. Remember that hard money lenders will generally want flippers to have some of their own cash in the deal to insure that everyone has “skin in the game” regardless of how great of a deal you find.
## **Key** Takeaways
All in all, when considering a hard money loan for your project, it’s important to keep in mind whether yourself, your project, and your time frame will qualify your for a hard money loan. If for some reason you do not meet some of the qualifications discussed above, it may be time to look into other funding options. Hard money loans are well known for their speed and flexibility, and they may be the perfect leverage for you to use in order to avoid the predicament that many house flippers find themselves in when they don’t have enough funding on hand for their desired project.
* * *
If you’re looking for a hard money lender, talk to us at [Asset Based Lending](https://www.ablfunding.com/). We are a hard money lender that provides fast bridge financing to real estate investors for the purchase and renovation of single family, multi-family, and mixed use properties. Contact us today to see if you [qualify](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)!
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# Private Money vs. Hard Money: When You Need Funds Fast
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 28, 2024 \| [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
As a real estate investor, you need reliable funding to seize deal opportunities. But what if you’ve exhausted all your traditional financing options?
When considering private money vs hard money loans, both can be valuable resources for securing your next deal. But what’s the difference between the two or are they the same?
## Hard Money Loans Defined
A [hard money loan](https://www.ablfunding.com/loan-programs/) gets its name from being backed by an asset. In real estate, this is almost always the property being financed. In other words, if the deal goes south and the borrower is unable to repay the loan, the lender can seize the collateralized property to mitigate their losses.
Of course, most conventional mortgages work this way. What distinguishes hard money loans is that the collateral is the main lending criterion. The borrower’s income and creditworthiness may still be factors, but they are less important than the value of the asset itself.
## Private Money Loans Defined
A private money loan is a loan issued by a private entity instead of a conventional bank. This could be an individual or a company. The key difference is that the lender is not subject to the same regulations as traditional banks.
As a result, private money loan terms and lending criteria can vary widely. For example, a private money lender could base lending decisions on creditworthiness, asset value, [debt-to-income (DTI) ratio](https://www.consumerfinance.gov/ask-cfpb/what-is-a-debt-to-income-ratio-en-1791/), or a combination of factors.
## How Do Hard Money and Private Money Loans Differ?
Ultimately, hard money loans and private money loans are more alike than different—which is why many use the terms interchangeably.
However, the main difference is that private money loans refer to a broader category of financing under which hard money loans are a subset. Private money loans refer to any loan issued by a non-institutional lender, while hard money loans are private money loans with a specific loan structure, in which the asset value serves as the main lending criterion.
## Benefits of Private Money Loans
Now that you know what private money loans are, here are the benefits of choosing them over traditional financing:
**Flexible loan terms.** Subject to fewer lending regulations, private money lenders offer more flexible loan terms, including asset-based loans. Don’t have a W2 or regular income? No problem. Private money lenders care most about the viability of the underlying deal.
**Quick loan approval.** Unlike conventional banks that take 30-60 days to close, private money lenders typically close in a week or even a few days since the underwriting process involves less paperwork and red tape.
**Interest-only periods.** Many private money lenders offer interest-only periods for short-term bridge loans. This helps minimize payments during the most capital-intensive phase of a remodel or construction project.
**Faster portfolio growth.** Private money loans are a great way to leverage property equity to grow your portfolio—especially if you’ve already exhausted other financing options. As long as the numbers work, private money lenders are willing to fund your next project.
## Potential Drawbacks of Private Money Loans
That said, here are some potential drawbacks of private money loans:
**Higher interest rates.** Because they take on more risk, private money loans have higher interest rates than conventional mortgages. However, you can often refinance short-term bridge loans into longer-term mortgages with lower rates without penalty.
**Potential relationship damage.** If a private money lender is a friend or family member, you risk damaging the relationship if you’re unable to repay the debt. However, you don’t need to borrow from an individual. Many private money lenders are companies like ABL that thoroughly vet deals to help ensure borrowers succeed.
## 6 Tips for Securing a Good Private Money Loan
Before you take out a private money loan, here are some tips to follow:
1. **Prepare exit strategies.** Private money lenders want to see that you have a solid plan to repay the loan—whether that’s by selling, refinancing, or renting out the property. Additional backup plans can further reassure lenders and help you mitigate potential risks.
2. **Compare lenders.** Look for private money lenders with experience funding your type of project. Then get quotes on interest rates and other loan terms and check online reviews and ratings from past borrowers.
3. **Have skin in the game.** Show private money lenders that you are personally invested in the project by putting up collateral and highlighting your reputation as an investor, including how many successful (financing) round trips you’ve made.
4. **Negotiate loan terms.** Don’t be afraid to discuss interest rates, fees, and other loan terms. Compared to traditional mortgages, private money loan terms are more negotiable. For example, you can often leverage your experience to sweeten the deal.
5. **Consider the full loan cost.** Beyond the interest rate, factor in any fees, points, or prepayment penalties—which could make or break a deal.
6. **Be transparent.** A private money lender invests in your success. So be open with them about your project plans and any potential challenges or risks. This builds trust and helps you find solutions together.
## The Bottom Line
At the end of the day, hard money loans and private money loans can both be valuable tools in your real estate investor toolkit—especially if you’re serious about scaling your business. Unlike traditional mortgages, private money loans offer flexible loan terms, can close in days (not months), and aren’t as tied to your income or creditworthiness.
Ready to take your business to the next level? Consider partnering with ABL. We offer the only true zero-point program in the industry, close loans in as few as three days, and work with you from start to finish to ensure your project succeeds. [Get pre-approved](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) within the next 24 hours!
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[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# The Introductory Rental Property Loan Financing Guide
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 9, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
While a [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) can be a great source of income and a good strategy for your real estate investing business, it does include one major challenge: it isn’t passive. You and your team need to continue finding deals, rehabbing properties, and making sales in order to keep income flowing. That’s why a lot of investors add rentals to their portfolios, whether from the start of their careers or as they go. You can also, of course, do both.
Rentals are a solid component to building long-term wealth and financial stability. Though the real estate market has ebbs and flows, it has always appreciated over time — even after the dramatic crash of 2008. Some periods of recovery simply take longer than others.
The U.S. Census Bureau website includes data on national median home prices for every month since Jan. 1963 (when the median sales price of a new home was $17,200). Though prices naturally fluctuate on a month-by-month and year-by-year basis, they rise consistently over time. The exception is a large dip after the crash of 2008 (as well as a high in April 1990 that preceded a milder recession), though median sales prices did increase again.
Of course, this is an oversimplified look at a complex market. Sales prices vary by region and within states themselves, and a number of other factors are at play in any given investment scenario.
Regardless, the takeaway is this: when you hold property for years rather than months, it tends to appreciate. And as a general rule, the buy-and-hold strategy — assuming you hold for the proper amount of time — lends itself to monthly cash flow as well as a means to build equity. Rentals are in demand in every market — whether that means “market” as in location, or “market” as in time period. City dwellers and suburbanites alike need rentals, and they need them regardless of whether the economy is good or bad.
## Introduction To Rental Properties
### Rental demand is high, vacancies low
About 35 percent of U.S. households are renters, with the largest group being those ages 30-44. They edge out the 45-64 age group by a slim margin: the former make up 33 percent of total renters compared to 30 percent for the latter.
U.S. Census data shows that the demand for rentals continues to be strong — resulting in low vacancies. Census data for 2019 showed a national rental vacancy rate of 6.4 percent; in the Northeast, it was 5.2 percent (second lowest). Vacancies were on the decline for single-family properties as well as multi-families.
Perhaps not surprisingly, Maine — with more rural areas — ranked lowest for rental vacancy rate in the Northeast at 2.9 percent in the fourth quarter 2019. New York was at 5.1 percent and New Jersey, 4.6 percent.
How much do renters pay? While the rate obviously fluctuates dramatically between an urban area like New York City and a rural or suburban space, in 2019, the median asking rent in the Northeast was $1,215. Nationally that figure was $1,005.
### Other benefits to owning rentals
Here’s one more advantage to consider with rentals: rent prices don’t tend to fluctuate as wildly as home prices sometimes do, making the rental business model more predictable and reliable on the whole.
You can be confident that the numbers you run today will hold true six months or even a year from now (you’d of course re-run them). A two-bedroom apartment in a specific neighborhood in your area doesn’t jump from $1,000 to $1,500 in a year, nor does it fall that quickly, either — not that rents tend to fall.
> Of the 382 metropolitan areas in the United States, the median gross rents did not change in 156 of them between 2007 and 2011, and also 2012 to 2016.
Census data backs this up: of the 382 metropolitan areas in the United States, the median gross rents did not change in 156 of them between 2007 and 2011, and also 2012 to 2016. (Median gross rent includes contract rent plus the estimated average monthly cost of utilities and fuels.) Seven areas couldn’t be compared because of boundary changes, and of the remaining, **increases outnumbered decreases four to one.**
Rentals can be conducive to favorable tax breaks, particularly depreciation — always consult your CPA on matters like this. In short, the federal government allows you to take deductions for wear and tear on rental properties and to write off a certain portion against the income you’ve generated. This can significantly reduce your tax burden, though again, consult your CPA to make sure you calculate properly and keep things legal. (And by the way, depreciation does not apply to your primary residence.)And times have changed. Whereas societal attitudes once favored homeownership as the gold standard, that’s not necessarily the case anymore. It’s no longer the norm for someone to buy a house and remain there for 40 years. According to an article on the National Association of Realtors’ website, the median duration of homeownership in the U.S as of 2018 was 13 years — which is up several years from a decade earlier.
Many people decide _against_ buying a home even if they can afford to purchase, and there are valid reasons for people to choose to rent rather than buy. Consider these scenarios:
- They have a job where they get relocated regularly
- They’d rather use the downpayment money to invest elsewhere
- They don’t want to commit to a location for an extended period of time
- They want someone else to be in charge of capital repairs and other tasks that go with owning a home
- They’re self-employed and earn a good income but don’t qualify for a traditional home loan
- Some apartment or condo buildings have desirable amenities like fitness centers, pools, or lounge areas
### The passive income fallacy
Many investors find rentals appealing as a way to build passive income. Purchase a property, get it move-in ready, find tenants, then sit back and collect rent checks every month.
**Not so fast.** In the long term, rentals can indeed be a lot more hands-off than a flip — but that doesn’t mean they’re entirely passive. After the purchase and possible renovation period, rentals include quite a bit of hands-on work. Before you buy a property and call yourself a landlord, be sure you fully understand the commitment. These include, but are far from limited to:
- **Find and screen tenants.** Not only do you need to decide upon your marketing strategy, but you need to comply with the law. Make sure you know what language you can and cannot use in your ads as well as the criteria that’s allowed — or not — when ruling potential tenants out.
- **Collect rent.** Will you have tenants mail you a check or will you collect rent electronically? Do you have a late fee policy in place and a procedure for collecting past-due rents or starting on eviction proceedings? Do you understand the tenant-landlord laws in your state?
- **Repairs.** Everyone mentions the hypothetical clogged toilet scenario, but it’s a serious question: What happens when a tenant calls about a clogged toilet at midnight or on the weekend? Who’s going to field the call and who’s going to head out in a timely manner to fix it?
- **Maintenance.** Even if you hand off mowing and shoveling snow to your tenants, you’ll have maintenance concerns. These range from having the septic system pumped to maintaining the furnace or keeping smoke detectors in working order.
The list goes on. These shouldn’t be deterrents, but to serve as a reminder to have systems in place to handle these situations. As your portfolio grows — or even from the first rental, if the budget allows — you may want to hire a property manager.
### What type of rental should I start with?
There’s no one-size-fits-all answer to this question. But a good rule of thumb: start small and build your way up.
How small? That depends. You can rent out a lone single-family house at a profit, though many investors choose to start with duplexes or fourplexes. With a multifamily property, you learn to manage multiple units and tenants but still keep things manageable.
You might also consider whether to specialize in Section 8 housing. Section 8 is a housing choice voucher program that is a form of government rent assistance. ProPublica reported that nearly 5 million people nationwide lived in a household that used a voucher to help pay some or all of their rent. Section 8 rentals have their own sets of rules — including inspections prior to a tenant moving in and regular inspections thereafter — and the law can vary from state to state, so be sure to do your research and due diligence before diving in. Also be aware that, as of Dec. 2019, 14 states had passed laws banning landlords from rejecting tenants based on their source of rent income, including Section 8 vouchers.
When evaluating any real estate investment strategy, the key is to be honest about your level of experience and, perhaps, your learning curve. You have a lot less at stake with a six-unit building than you do with 20 or 50 units. There are also a lot fewer moving parts, allowing you to handle incoming issues, adjust, and develop a system to adapt to larger properties.
Whatever route you choose, it’s important to document your systems so you can make them repeatable. Write down every step of the tenant-screening process and use the same forms every time, for example. This helps you become more efficient and sets you up to hand off certain tasks along the way, and serves another important purpose as well: you stay on the right side of the law when you treat everyone the same (not to mention it’s ethically important as well).
Here are a handful of pros and cons to different property types:
**Single family**
- Pro: Easy to understand and get started. You’ve got one house, one set of tenants, one tax bill. Not too much multi-tasking happening here.
- Pro: More consistent tenant base. Tenants tend to stay in single-families longer than apartments or multi-families. Turnovers can be pricy, so a lower turnover rate can help your bottom line.
- Con: It’s the “all your eggs in one basket” scenario. If you happen upon a bad tenant or a pricy repair, it’s all absorbed by that one property.
**Multi Family (2-4 units)**
- Pro: You spread your expenses around: One roof, four tenants. Same for the driveway, the siding, the yard, etc.
- Pro: When a tenant moves out, you still have income from the remaining units. Ideally, you’d immediately replace a tenant with another tenant, not missing a month’s rent. In reality, you’ll likely experience a gap while you either search for a replacement and/or take care of turnover tasks like painting and other minor spruce-ups.
- Con: Pricier up-front investment than a single family, and it may take a little longer to fill all of the units unless you buy a property with existing tenants.
**Multi-Family (5+ units)**
- Pro: Continued economy of scale with the ability to spread expenses, and each vacancy makes less of a dent in your bottom line.
- Pro: You have a greater ability to control the value of the property, which, at five units and up, is considered commercial property and valued on its income-producing capabilities.
- Con: Higher purchase price than smaller properties can make this tricky for some investors to navigate.
- Con: While not necessarily a con, you’ve got a lot more on your plate and a lot more to keep track of. To return to an earlier point, did you make sure to document your systems so you have a process in place?
## [Rental Loan Financing](https://www.ablfunding.com/loan-programs/rental-loans/): An Overview
### Conventional financing for rental properties
There’s no denying it: investment properties have historically been tricky to finance with a conventional loan, especially for a new investor. Banks view investment properties as higher risk, and rightfully so, but they seek to mitigate that risk with strict criteria that can be incredibly difficult to surmount.
Investment property loans are different from primary or second home loans. By definition, an investment property is one you don’t live in — which is where the higher risk (and higher interest rates) comes in. It makes sense that a borrower would cut and run on an investment property before missing payments on a home they live in.
Understand also that conventional loans need to meet the lending standards of Fannie Mae or Freddie Mac, government-sponsored agencies that guarantee the mortgages if those standards are met. This is different than FHA or VA, in which the federal government itself backs the loans, but it nevertheless comes with mounds of red tape and paperwork.
**Translation: you won’t close quickly.** (FHA and VA loans may be available to investors, though you typically need to live in one of the units; VA loans are only available for primary residences.)
Anything up to four units is considered residential and falls under residential lending guidelines. Therefore, they are mortgaged the same way a single-family is. This has sometimes proved beneficial because an investor may qualify for FHA financing and as little as five percent down. Five units or more is considered commercial property. This means it’s valued based on the income it produces. As mentioned earlier, this gives you some level of control over the property value: increase the income, increase the value. (Or lower the expenses to achieve the same outcome.)
You’ll also need excellent credit and a squeaky clean record on any existing mortgages and loans. While the bank will evaluate the property itself, YOU are also under scrutiny. A conventional lender will want to know your debt-to-income ratio (DTI) and how much you have in reserves when deciding upon your downpayment amount and specific credit score requirements.
Your debt-to-income ratio is your total monthly debt payments (credit cards, loans, mortgage) divided by gross income. If you have $2,000 in monthly debt and $6,000 in gross income, your DTI is .33, or 33 percent. Lenders prefer a rate lower than 36 percent, with no more than 28 percent going toward rent or mortgage.
Projected rent may or may not count toward your income. Check the latest guidelines, but Freddie Mac currently requires a borrower to have two years of landlord experience (proven via tax filings) if they want to count projected rent as income; Fannie Mae does not have that guideline.
You’re also limited to 10 conventional mortgages at a time. This may sound like a lot at first, but if you’re serious about growing your rental portfolio, you can easily get to 10 properties within a couple of years.
**Typical Criteria**
With all that said, here’s a list with most of the typical criteria needed with conventional loans:
- **Downpayment**: At least 20 percent down, sometimes more. Mortgage insurance won’t cover investment properties so you’ll need at least 20 percent down for a traditional loan, usually 25 percent or more. And that’s for each loan you get.
- **Assets and Reserves:** This varies by lender but usually equals a minimum of three months’ worth of liquid reserves, often six. Multiple rental properties means reserves for each property.
- **Excellent Credit Score:** Anything less than a 740 credit score and you’re likely to pay points or higher interest rates. A point is 1 percent of the loan.
- **Strict DSCR rules:** This one pertains mainly to asset-based lenders, who evaluate the income a property will generate. DSCR stands for “debt service coverage ratio” and represents a business’ net operating income divided by its total debt service obligations. A “1” is essentially a break-even proposition, and no bank will loan on that. Most lenders want a DSCR of at least 1.25.
Once you get past all of the above, think you can fix a place up and refinance or get a line of credit? Think again. Many lenders have a “seasoning” period, which refers to the amount of time you must hang onto the note before you can do any of that.
## The Buy Rehab And Rent Strategy
Investors have a number of ways to build their rental portfolio. One route is to purchase a turnkey property — one that’s filled with existing tenants, has documentation regarding income and expenses, and is ready to go. This can be a great scenario if the property is profitable (verification is of the utmost importance), but also understand that you pay top dollar. An owner will understandably expect to receive a premium price for a property that simply needs to be handed over.
With a little more work and creativity, you could instead look for the diamond in the rough and potentially land an amazing deal that results in monthly income as well as long-term profit. Consider a buy, rehab, and rent. As the name suggests, this is a property that will need work before it’s tenant-ready. The extent of the rehab is up to you; as when exploring rentals, be honest about your experience in rehabs when going this route. Rehabs can spiral fast if you don’t know what you’re doing.
### Benefits of a buy rehab and rent strategy for building a rental portfolio:
- **Lower purchase price.** Any deficiencies should be reflected in the purchase price — and the more work, the bigger the discount. You will often find a lower cost of entry when you allow for a fixer-upper in your investment plans.
- **Less Competition.** Sometimes all it takes is stinky carpets to weed out the majority of the buying competition. Investors shouldn’t be put off by superficial issues, but with single families in particular, most buyers don’t know how — or simply don’t want to — look past issues that might look or smell gross but are easy to fix. In multi-families, a lot of investors seek the turnkey properties that come with a rent roll and solid bookkeeping. There’s less competition for the ones that need work and marketing before they’re ready.
- **Refinance Options.** If you buy at a discount and rehab properly, you should build equity in the property fairly quickly. This is a great benefit, as the option to refinance allows you to shop for your next rental a lot sooner than you might otherwise have. (You might have heard this referred to as the “ [BRRRR](https://www.ablfunding.com/brrrr-calculator/)” method — buy, rehab, rent, and refinance. Same principles!) In fact, ABL can help transition you from a [hard money loan](https://www.ablfunding.com/loan-programs/) to a long-term loan. No need to juggle lenders.
### How to finance a Buy, Rehab, and Rent Property
Ok, you’re convinced: rentals are a great strategy for producing income and the Buy, Rehab, and Rent method makes sense for your business model.
**Now what? Get your hard money financing!**
A great first step is to get pre-qualified for a loan. This allows you to know how much you can spend and helps tighten your search criteria. Note that although “pre-qualified” and “pre-approval” are often used interchangeably, they’re not exactly the same, and neither is final. The loan isn’t technically approved until later, when the property is under contract and you’re about to close. However, a pre-qualification helps you answer a number of questions up front, from the price point to any gaps you might need to fill in, i.e. working to improve your credit score or securing a bigger deposit. You’ll also get a peek at the process and likely build a relationship with a lender as well.
Next: Find a property.
Nothing happens without a good deal, so it’s time to get to work identifying one! With a pre-qualification in place, you’ve got a solid idea of what to look for. And when you work with a company like ABL, you’ll be educated, too. A local loan officer who understands your business will walk you through potential loan programs and deal economics. This is vital when you’re analyzing properties and negotiating with sellers.
You can search on the MLS with the help of a trusted real estate agent; look online via sites like Zillow, Trulia, or Redfin as well as Craigslist and For Sale By Owner sites; work with a wholesaler; use direct marketing — or all of the above. Most seasoned investors wind up working all of those angles throughout their careers.
When you’ve found a property you want to buy, it’s time to move things forward. One key figure to know is your loan-to-value ratio, which is what the loan is based upon. While conventional lenders typically consider only the property’s as-is condition when evaluating and processing a loan, a hard money lender will evaluate its potential and use a different set of criteria. In short, the hard money loan is essentially secured upon the value of the property more than your personal net worth or credit (though these still count).
This is considered higher risk and the interest rate reflects that. A hard money loan is also a short-term loan, generally due in a year, sometimes two. The idea is to fix the property and sell it or refinance into a traditional loan at a lower rate. What does this have to do with loan-to-value ratio? A hard money lender will take your After Repair Value (ARV) into consideration, while a conventional lender usually doesn’t. And you will likely be able to finance most of the rehab costs.
You’re still responsible for having some “skin in the game” and will need to produce some portion of the purchase. The amount varies by loan product and property. A lender will sometimes check your credit, but not always. Regardless, it’s imperative that you do your due diligence and have accurate numbers; this will go a long way toward helping you finance that first property and then establishing a reputation as a reliable borrower who a lender will want to do repeat business with.
Before final loan commitment, the lender will want to see the property to verify condition and repairs, and to confirm whether the purchase price and the estimated rehab figures are accurate. In non-traditional transactions, this can happen quickly; while a conventional purchase often takes four to six weeks to close, you can close in 10 days or less with a lender like ABL.
## Rental Property Loans and Financing With ABL
For many real estate investors, financing is the biggest headache — and hurdle — of all and threatens to take the fun (and sometimes the profit) out of your business. When you finally find a reputable hard money lender, you’re still only halfway there at best. Then you need a lender for the refinance.
At ABL, we can help you avoid the hassle of dealing with multiple lenders and points of contact in your Buy, Rehab, and Rent business because we’re built for investors.
Starting with the initial purchase, we can provide the quick close you need, unlike a conventional lender. As a [hard money lender](https://www.ablfunding.com/), we are agile and understand the rehab business, and we’re not weighed down by red tape when it comes to making loans. We’ll finance the purchase and renovation bridge loan at up to 90 percent of purchase and 100 percent of rehab, and close in 10 days or less.
Then if you choose to keep a rehabbed [rental property](https://www.ablfunding.com/loan-programs/rental-loans/), we can help with the [refinance](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/). As mentioned earlier, conventional lenders can make the road tough, whether it be seasoning requirements, strict DSCR rules, credit checks, or the like. Our special bank partnerships offer the best of both worlds, allowing you to refinance out of hard money loans without the hassle of typical bank financing.
Our rental loan programs offer options designed to suit the various business plans of investors including no doc loans, no income verification, and no seasoning requirements. With no minimum seasoning requirements, as soon as a property is in rentable condition, you can start the process of refinancing and pulling cash out at market value. This means you are out of a high interest hard money loan, and into a [lower interest rental loan](https://www.ablfunding.com/loan-programs/rental-loans/) and can likely leverage the new equity in the property to purchase your next investment.
* * *
We hope you’ll consider us when searching for a lender for your Buy, Rehab, and Rent. For more information, visit our website at www.ablfunding.com, email us at info@abl1.net, or give us a call at [(201) 942-9089](tel:2019429089).
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Property 4, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 4, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 4, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 4, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 4, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 4 Hazard Ins/Mo
Property 4 Flood Ins/Mo
Property 4 Taxes/Mo
Property 4 HOA Fees/Mo
### Property 5 Information
Property 5 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 5 Square Footage
Property 5 Estimated Value
Property 5 Purchase Price
Property 5 Lien Amount
Property 5 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 5, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 5, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 5, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 5, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 5, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 5, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 5, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 5, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 5 Hazard Ins/Mo
Property 5 Flood Ins/Mo
Property 5 Taxes/Mo
Property 5 HOA Fees/Mo
### Property 6 Information
Property 6 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 6 Square Footage
Property 6 Estimated Value
Property 6 Purchase Price
Property 6 Lien Amount
Property 6 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 6, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 6, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 6, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 6, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 6, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 6, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 6, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 6, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 6 Hazard Ins/Mo
Property 6 Flood Ins/Mo
Property 6 Taxes/Mo
Property 6 HOA Fees/Mo
### Property 7 Information
Property 7 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 7 Square Footage
Property 7 Estimated Value
Property 7 Purchase Price
Property 7 Lien Amount
Property 7 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 7, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 7, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 7, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 7, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 7, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 7, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 7, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 7, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 7 Hazard Ins/Mo
Property 7 Flood Ins/Mo
Property 7 Taxes/Mo
Property 7 HOA Fees/Mo
### Property 8 Information
Property 8 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 8 Square Footage
Property 8 Estimated Value
Property 8 Purchase Price
Property 8 Lien Amount
Property 8 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 8, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 8, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 8, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 8, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 8, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 8, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 8, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 8, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 8 Hazard Ins/Mo
Property 8 Flood Ins/Mo
Property 8 Taxes/Mo
Property 8 HOA Fees/Mo
### Property 9 Information
Property 9 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 9 Square Footage
Property 9 Estimated Value
Property 9 Purchase Price
Property 9 Lien Amount
Property 9 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 9, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 9, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 9, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 9, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 9, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 9, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 9, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 9, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 9 Hazard Ins/Mo
Property 9 Flood Ins/Mo
Property 9 Taxes/Mo
Property 9 HOA Fees/Mo
### Property 10 Information
Property 10 Type
Single FamilyMulti-Family 2Multi-Family 3Multi-Family 4Multi-Family 5+Other
Property 10 Square Footage
Property 10 Estimated Value
Property 10 Purchase Price
Property 10 Lien Amount
Property 10 Address
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Property 10, Unit 1 Rent
Please enter a number greater than or equal to **0**.
Property 10, Unit 1 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 10, Unit 2 Rent
Please enter a number greater than or equal to **0**.
Property 10, Unit 2 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 10, Unit 3 Rent
Please enter a number greater than or equal to **0**.
Property 10, Unit 3 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 10, Unit 4 Rent
Please enter a number greater than or equal to **0**.
Property 10, Unit 4 Lease Type(Required)
Occupied / Long Term LeaseOccupied / Short Term LeaseUnoccupied / Unleased
Property 10 Hazard Ins/Mo
Property 10 Flood Ins/Mo
Property 10 Taxes/Mo
Property 10 HOA Fees/Mo
Save and Continue Later
### Entity Information
Entity Name
Entity Type
LLCCorporationOther
If Other Entity Type:
EIN
Legal Address(Required)
Street AddressAddress Line 2CityAlabamaAlaskaAmerican SamoaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaGuamHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaNorthern Mariana IslandsOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahU.S. Virgin IslandsVermontVirginiaWashingtonWest VirginiaWisconsinWyomingArmed Forces AmericasArmed Forces EuropeArmed Forces PacificStateZIP Code
Save and Continue Later
### Signature
Name
I authorize ABL to make inquiries as necessary to verify the accuracy of the statements made and to determine my creditworthiness. I certify the above and the statements contained in any attachments are true and accurate as off the state date(s). These statements are made for the purpose of either obtaining a loan or guaranteeing a loan.
FirstLast
Date
MM slash DD slash YYYY
Any Additional Comments Relevant To Your Loan Application
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51964
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[By clicking submit you agree to be contacted by ABL according to our contact policy. Click to view contact policy.](https://www.ablfunding.com/term-loan-application/#)
Q
## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
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# Blog
[](https://www.ablfunding.com/blog/featured-real-estate-market-spotlight-long-island-ny/)
## [Featured Real Estate Market Spotlight: Long Island, NY](https://www.ablfunding.com/blog/featured-real-estate-market-spotlight-long-island-ny/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 26, 2021 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
Asset Based Lending is committed to helping our borrowers reach their financial goals through smart real estate investments, so our expert team has decided to highlight markets with lots of money-making potential. Each month we will do a deep dive into a real estate...
[read more](https://www.ablfunding.com/blog/featured-real-estate-market-spotlight-long-island-ny/)
[](https://www.ablfunding.com/blog/adapting-and-improving-with-truepic/)
## [Adapting And Improving with the Truepic App](https://www.ablfunding.com/blog/adapting-and-improving-with-truepic/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 18, 2021 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
2020 has been a turbulent year that required businesses to adapt to the digital world. Asset Based Lending is no different, looking into different technologies to keep staff and borrowers safe throughout the lending process. One of the ways ABL took precautions was by...
[read more](https://www.ablfunding.com/blog/adapting-and-improving-with-truepic/)
[](https://www.ablfunding.com/blog/susans-featured-deal-jersey-city-buy-rehab-rent/)
## [Susan’s Featured Deal: Jersey City NJ Buy Rehab Rent](https://www.ablfunding.com/blog/susans-featured-deal-jersey-city-buy-rehab-rent/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 11, 2021 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/susans-featured-deal-jersey-city-buy-rehab-rent/)
[](https://www.ablfunding.com/blog/zaks-deal-livingston-nj-new-construction/)
## [Zak’s Deal Of The Month: Livingston NJ New Construction](https://www.ablfunding.com/blog/zaks-deal-livingston-nj-new-construction/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 5, 2021 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/zaks-deal-livingston-nj-new-construction/)
[](https://www.ablfunding.com/blog/scotts-hard-money-loan-month-pa-cashout-rehab/)
## [Scott’s Hard Money Loan Of The Month: PA Cash Out And Rehab](https://www.ablfunding.com/blog/scotts-hard-money-loan-month-pa-cashout-rehab/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 29, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers' favorite deals each month, going through the details that made it a win and how...
[read more](https://www.ablfunding.com/blog/scotts-hard-money-loan-month-pa-cashout-rehab/)
[](https://www.ablfunding.com/blog/best-tools-for-finding-investment-properties/)
## [Best Tools For Finding Investment Properties](https://www.ablfunding.com/blog/best-tools-for-finding-investment-properties/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 23, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
Some of the best advice you will hear from successful real estate investors is to treat deal hunting as a full-time job, using all the tools and resources available to make fast and informed decisions. With how competitive the real estate market has become throughout...
[read more](https://www.ablfunding.com/blog/best-tools-for-finding-investment-properties/)
[](https://www.ablfunding.com/blog/zaks-deal-month-nj-new-construction/)
## [Zak’s Deal Of The Month: NJ New Construction](https://www.ablfunding.com/blog/zaks-deal-month-nj-new-construction/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 19, 2020 \| [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officer's favorite deal each month, going through the details that made it a win and how...
[read more](https://www.ablfunding.com/blog/zaks-deal-month-nj-new-construction/)
[](https://www.ablfunding.com/blog/niks-featured-deal-ny-construction/)
## [Case Study: Nik Gak’s $1.1M New Construction Loan in East Hampton, NY](https://www.ablfunding.com/blog/niks-featured-deal-ny-construction/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 16, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers' favorite deals each month, going through the details that made it a win and how...
[read more](https://www.ablfunding.com/blog/niks-featured-deal-ny-construction/)
[](https://www.ablfunding.com/blog/impact-covid-19-real-estate-investing-analysis-lenders-investors/)
## [The Impact On COVID-19 On Real Estate Investing: An Analysis From Lenders & Investors](https://www.ablfunding.com/blog/impact-covid-19-real-estate-investing-analysis-lenders-investors/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 14, 2020 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
2020 has been a rollercoaster year, to say the least. Unprecedented times, new normal- all became cliché in a matter of weeks due to a shared experience occurring worldwide. Asset Based Lending, both its staff and its borrowers, certainly felt the effects of this...
[read more](https://www.ablfunding.com/blog/impact-covid-19-real-estate-investing-analysis-lenders-investors/)
[](https://www.ablfunding.com/blog/susans-deal-month-nj-new-construction/)
## [Susan’s Deal Of The Month: NJ New Construction](https://www.ablfunding.com/blog/susans-deal-month-nj-new-construction/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 10, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/susans-deal-month-nj-new-construction/)
[](https://www.ablfunding.com/blog/market-spotlight-greater-boston/)
## [Market Spotlight: Greater Boston](https://www.ablfunding.com/blog/market-spotlight-greater-boston/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 7, 2020 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
Asset Based Lending is committed to helping our borrowers reach their financial goals through smart real estate investments, so our expert team has decided to highlight markets with lots of money-making potential. Each month we will do a deep dive into a real estate...
[read more](https://www.ablfunding.com/blog/market-spotlight-greater-boston/)
[](https://www.ablfunding.com/blog/paul-lewis-deal-month-sarasota-fl-fix-flip/)
## [Paul Lewis’ Deal Of The Month: Sarasota FL Fix & Flip](https://www.ablfunding.com/blog/paul-lewis-deal-month-sarasota-fl-fix-flip/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 4, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/paul-lewis-deal-month-sarasota-fl-fix-flip/)
[](https://www.ablfunding.com/blog/low-roi-renovations-for-flips/)
## [6 Low ROI Renovations to Avoid in Your Next Fix and Flip](https://www.ablfunding.com/blog/low-roi-renovations-for-flips/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Dec 1, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Not all renovations are created equal- putting more money into a rehab doesn’t always mean you’ll see a comparable increase in the property’s resale value. In fact, some renovations barely impact the resale value compared to how much they cost and could even deter...
[read more](https://www.ablfunding.com/blog/low-roi-renovations-for-flips/)
[](https://www.ablfunding.com/blog/what-to-research-before-deciding-where-to-invest/)
## [What to Research Before Deciding Where to Invest?](https://www.ablfunding.com/blog/what-to-research-before-deciding-where-to-invest/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 24, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
Not everyone likes doing research, but every successful real estate investor understands that knowledge is money. Fully understanding the neighborhood and county you want to invest in will help you find the best deals and ensure that you’ll be able to find a buyer or...
[read more](https://www.ablfunding.com/blog/what-to-research-before-deciding-where-to-invest/)
[](https://www.ablfunding.com/blog/market-spotlight-ocean-county-nj/)
## [Market Spotlight: Ocean County, NJ](https://www.ablfunding.com/blog/market-spotlight-ocean-county-nj/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Nov 2, 2020 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
Asset Based Lending is committed to helping our borrowers reach their financial goals through smart real estate investments, so our expert team has decided to highlight markets with lots of money-making potential. Each month we will do a deep dive into a real estate...
[read more](https://www.ablfunding.com/blog/market-spotlight-ocean-county-nj/)
[](https://www.ablfunding.com/blog/susans-deal-of-the-month-ct-construction/)
## [Susan’s Deal Of The Month: CT New Construction](https://www.ablfunding.com/blog/susans-deal-of-the-month-ct-construction/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 29, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [New Construction](https://www.ablfunding.com/blog/category/new-construction/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/susans-deal-of-the-month-ct-construction/)
[](https://www.ablfunding.com/blog/short-or-long-term-real-estate-investing/)
## [Choosing Short-Term Or Long-Term Real Estate Investments](https://www.ablfunding.com/blog/short-or-long-term-real-estate-investing/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 28, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
Real estate investing comes in different forms and serves different purposes depending on your starting capital, previous experience, and financial goals. Short-term real estate investments such as fix and flips have a lower barrier to entry and are provide easier...
[read more](https://www.ablfunding.com/blog/short-or-long-term-real-estate-investing/)
[](https://www.ablfunding.com/blog/pauls-deal-of-the-month-september-2020/)
## [Paul’s Deal Of The Month: September 2020](https://www.ablfunding.com/blog/pauls-deal-of-the-month-september-2020/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 25, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/pauls-deal-of-the-month-september-2020/)
[](https://www.ablfunding.com/blog/zaks-deal-of-the-month-september-2020/)
## [Zak’s Deal Of The Month: Fix & Flip In Seymour CT](https://www.ablfunding.com/blog/zaks-deal-of-the-month-september-2020/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 23, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officers favorite deal each month, going through the details that made it a win and how our...
[read more](https://www.ablfunding.com/blog/zaks-deal-of-the-month-september-2020/)
[](https://www.ablfunding.com/blog/high-roi-renovations/)
## [3 Renovations That Pack The Most Bang For Your Buck](https://www.ablfunding.com/blog/high-roi-renovations/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 21, 2020 \| [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
When you’re looking to maximize the resale value of your fix and flip property, you want to make sure you’re putting your money into the right places. Not all renovations are created equal in terms of the amount of value they add to the home’s ultimate resale price....
[read more](https://www.ablfunding.com/blog/high-roi-renovations/)
[](https://www.ablfunding.com/blog/market-spotlight-philadelphia/)
## [Market Spotlight: Philadelphia](https://www.ablfunding.com/blog/market-spotlight-philadelphia/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 15, 2020 \| [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
Asset Based Lending is committed to helping our borrowers reach their financial goals through smart real estate investments, so our expert team has decided to highlight markets with exciting money-making potential. Each month we will do a deep dive into a real estate...
[read more](https://www.ablfunding.com/blog/market-spotlight-philadelphia/)
[](https://www.ablfunding.com/blog/niks-hard-money-loan-of-the-month-september-2020/)
## [Nik’s Hard Money Loan Of The Month – Fix & Flip In Tuxedo Park NY](https://www.ablfunding.com/blog/niks-hard-money-loan-of-the-month-september-2020/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Oct 9, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Borrower Case Studies](https://www.ablfunding.com/blog/category/blog/borrower-case-studies/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/)
Asset Based Lending is proud to celebrate our borrower’s successful real estate investments and our loan officers who facilitate that success. ABL will be highlighting our loan officer's favorite deal each month, going through the details that made it a win and how...
[read more](https://www.ablfunding.com/blog/niks-hard-money-loan-of-the-month-september-2020/)
[](https://www.ablfunding.com/blog/an-update-from-the-abl-team-regarding-covid-19/)
## [An Update From The ABL Team Regarding COVID-19](https://www.ablfunding.com/blog/an-update-from-the-abl-team-regarding-covid-19/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 26, 2020 \| [ABL News](https://www.ablfunding.com/blog/category/blog/abl-news/), [Blog](https://www.ablfunding.com/blog/category/blog/)
We hope you and your family are staying safe and healthy during these trying times. People are scared and the future seems uncertain, so we’re writing to you to do our best to alleviate some of that uncertainty as it relates to your current and future real estate...
[read more](https://www.ablfunding.com/blog/an-update-from-the-abl-team-regarding-covid-19/)
[](https://www.ablfunding.com/blog/intro-rental-loan-financing/)
## [The Introductory Rental Property Loan Financing Guide](https://www.ablfunding.com/blog/intro-rental-loan-financing/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Mar 9, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
While a fix and flip can be a great source of income and a good strategy for your real estate investing business, it does include one major challenge: it isn’t passive. You and your team need to continue finding deals, rehabbing properties, and making sales in...
[read more](https://www.ablfunding.com/blog/intro-rental-loan-financing/)
[](https://www.ablfunding.com/blog/what-makes-a-real-estate-investor-elite/)
## [What Makes A Real Estate Investor Elite?](https://www.ablfunding.com/blog/what-makes-a-real-estate-investor-elite/)
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jan 28, 2020 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/), [Real Estate Tips](https://www.ablfunding.com/blog/category/real-estate-tips/)
What distinguishes the hobbyist from the professional, or the wannabe real estate investor from the elite real estate investor? It can be difficult to quantify. To begin with, what is "elite"? Certainly, elite implies a top tier in a given endeavor. Yet real estate...
[read more](https://www.ablfunding.com/blog/what-makes-a-real-estate-investor-elite/)
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### Recent Posts
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[Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/) February 3, 2025
Charlotte, North Carolina is one of the fastest-growing housing markets… [Read more: Charlotte 2025 Housing Market Analysis & Forecast](https://www.ablfunding.com/blog/charlotte-north-carolina-real-estate-market/)
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[Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/) January 27, 2025
Illinois is a prime location for flipping houses. In Q3… [Read more: Top Tips for Flipping Houses in Illinois: What Investors Need to Know](https://www.ablfunding.com/blog/flipping-houses-in-illinois/)
- 
[What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/) January 20, 2025
To get a rental loan from a private lender like… [Read more: What Is a Good DSCR Ratio for Your Investment Property?](https://www.ablfunding.com/blog/what-is-a-good-dscr-ratio/)
- 
[A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/) January 13, 2025
Building or flipping a home can be a lucrative investment,… [Read more: A Guide to Building a Residential Construction Draw Schedule Template](https://www.ablfunding.com/blog/residential-construction-draw-schedule-template/)
- 
[The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/) January 6, 2025
There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# Fix And Flip 101 Ebook
## **Fix N’ Flip Real Estate 101: Getting Financed**
**Let’s talk fix and flips.** The number of real estate investors getting into the flipping business is as high as it has been in over a decade. For most investors, flipping houses requires financing – usually [hard money financing](https://www.ablfunding.com/) that’s geared towards real estate investors’ needs with quick closings and flexible underwriting.
### Familiarize yourself with hard money lending, and how you can use it to launch your real estate investing business in our free eBook!
**In this free eBook we discuss:**
- What is Hard Money Lending?
- How to Select Your Fix & Flip Property
- Conducting Thorough Due Diligence
- Finding the Right Contractor
- Qualifying For A Hard Money Loan
- Proving You Have the Funds to Close
- The Hard Money Loan Process
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[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Private Hard Money Loan Deal Calculator for Investments
## Dig into your deal financials with ABL’s fix and flip loan calculator for real estate investors leveraging private hard money loans.
The success of your investment project starts with knowing your numbers. Asset Based Lending’s fix and flip hard money loan calculator helps investors develop a high-level understanding of the financial involved in their project, so they can plan and execute investments accordingly.
_\*For best functionality, please do not use commas when entering numbers in the investment loan calculator._
### Look like a promising deal?
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
## Before You Invest, Try This Hard Money Profit Calculator
_\*Note: While we believe this [hard money lending](https://www.ablfunding.com/) calculator provides reasonably accurate estimates of a deal’s costs and returns, **please remember that these are just estimates**. These variables are subject to underwriting, as well as unforeseen expenses that may occur during the course of a deal._
_\*These calculations are estimates and do not include closing costs. Costs may vary based on property location._
## Where We Lend
[Alabama](https://www.ablfunding.com/where-we-lend/alabama-hard-money-lenders/)
[Colorado](https://www.ablfunding.com/where-we-lend/hard-money-lenders-colorado/)
[Georgia](https://www.ablfunding.com/where-we-lend/hard-money-lenders-georgia/)
[Kansas](https://www.ablfunding.com/loan-programs/)
[Maryland](https://www.ablfunding.com/where-we-lend/hard-money-lending-maryland/)
[Mississippi](https://www.ablfunding.com/where-we-lend/mississippi/)
[New Hampshire](https://www.ablfunding.com/where-we-lend/new-hampshire-hard-money-lender/)
[Ohio](https://www.ablfunding.com/where-we-lend/ohio/)
[Rhode Island](https://www.ablfunding.com/where-we-lend/hard-money-lending-rhode-island/)
[Virginia](https://www.ablfunding.com/where-we-lend/virginia/)
[Wisconsin](https://www.ablfunding.com/where-we-lend/wisconsin/)
[Arizona](https://www.ablfunding.com/where-we-lend/arizona-hard-money-lender/)
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[Idaho](https://www.ablfunding.com/loan-programs/)
[Kentucky](https://www.ablfunding.com/where-we-lend/kentucky/)
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[Washington](https://www.ablfunding.com/where-we-lend/washington/)
[Washington DC](https://www.ablfunding.com/where-we-lend/washington-dc/)
[Arkansas](https://www.ablfunding.com/where-we-lend/arkansas/)
[Delaware](https://www.ablfunding.com/where-we-lend/delaware-hard-money-lenders/)
[Illinois](https://www.ablfunding.com/where-we-lend/illinois/)
[Louisiana](https://www.ablfunding.com/where-we-lend/louisiana-hard-money-lenders/)
[Michigan](https://www.ablfunding.com/where-we-lend/michigan/)
[Nebraska](https://www.ablfunding.com/loan-programs/)
[New York](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-york/)
[Oregon](https://www.ablfunding.com/where-we-lend/oregon-hard-money-lenders/)
[Tennessee](https://www.ablfunding.com/where-we-lend/tennessee/)
[West Virginia](https://www.ablfunding.com/loan-programs/)
[California](https://www.ablfunding.com/where-we-lend/california/)
[Florida](https://www.ablfunding.com/where-we-lend/hard-money-lending-florida/)
[Indiana](https://www.ablfunding.com/where-we-lend/indiana/)
[Maine](https://www.ablfunding.com/where-we-lend/hard-money-lenders-maine/)
[Minnesota](https://www.ablfunding.com/where-we-lend/minnesota-hard-money-lenders/)
[New Mexico](https://www.ablfunding.com/loan-programs/)
[North Carolina](https://www.ablfunding.com/where-we-lend/north-carolina-hard-money-lender/)
[Pennsylvania](https://www.ablfunding.com/where-we-lend/hard-money-lending-pennsylvania/)
[Texas](https://www.ablfunding.com/where-we-lend/texas-hard-money-lenders/)
[Wyoming](https://www.ablfunding.com/loan-programs/)
[](https://www.ablfunding.com/where-we-lend/)
House flipping, or buying and renovating a home for profit, is an investment strategy that has been highly publicized in the media as of late. Television shows dedicated to the subject show successful transactions being conducted using over-simplified math, if any at all. However, flipping houses is an investment that not only carries risk but demands your time, energy, and attention to detail. Many new house flippers make the mistake of overlooking certain deal expenses that may impact their net profit–leaving them with results that deviate from what they originally anticipated.
This is why it’s important to spend a few minutes calculating the various deal economics before delving into such a project with an investment loan calculator. As an investor, you want to uncover as much information as possible that will help you weigh the risk and reward of the project. To help guide you in this process and give you a better perspective on your next [fix and flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) project, use this free house flipping cost calculator and property cost estimator to determine what kind of results you can expect from your next house flip.
## Hard Money Loan Examples and Frequently Asked Questions
### What is a hard money loan?
[Hard money loans](https://www.ablfunding.com/loan-programs/) are used by fix and flip investors, as well as [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) investors, to cover the costs of purchase and renovation/construction costs for high ROI investments. Hard money works fast and has limited restrictions, so investors use hard money loans to quickly provide the capital they need to move forward with an investment opportunity.
### What are the interest rates for hard money loans?
Hard money loans come with different interest rates depending on the hard money lender and the borrower’s qualifications including borrower’s experience level, credit score, project type, and the property’s estimated value. The typical interest rate level is between 8% and 11%.
### How do hard money loan interest payments work?
Each month the borrower will have a flat amount due based on the agreed upon interest rate. For example, if you took a $100,000 loan at a 8% interest rate, you would owe a total of $8,000 in interest. Divide that $8,000 by the 12 months of the loan, and your minimum monthly interest payment would be $666.66 per month. For certain construction loans, interest may only be charged on ‘drawn’ funds instead of the full construction escrow. In this situation, your monthly payment would increase as you progress further into the project.
### How much money down do hard money loans require?
Most hard money lenders are looking for 20% down so the borrower has enough of their own capital invested into the deal. This number can range depending on the deal, but 15%-20% is the most common down payment required.
### What are points for hard money loans?
Also known as the loan origination fee, points are a one-time fee due at the time of loan closing. It is an expense the lender charges to cover the costs associated with initiating and processing the loan. For example: if your loan is $100,000 and 1 point, then you would pay 1% or $1,000. Depending on the lender’s capital structure and liquidity, borrowers may be able to negotiate lower points for higher interest rate or lower interest rate for higher points, depending on how long their project will take. Asset Based Lending currently offers the industry’s only true zero-point option.
### Can you refinance a hard money loan?
Yes! Hard money loans can be refinanced into other loan products. Many ABL borrowers will refinance their fix and flip loan to hold the property as an income-producing asset with our rental [refinance program](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/).
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# REI Networking: Flips & Funding
## March 28, 2024 @ 6:00 pm \- 10:00 pm
## Calling All NJ Real Estate Investors!
Join Asset Based Lending on March 28th for a great evening of food, drink, and real estate networking. Whether you want to chat with loan officers about existing deals you need funded, or simply mingle with other investors and industry professionals, this event has you covered.
Capacity is limited! RSVP to reserve your spot.
- Meet your local real estate investing Dream Team
- Speak with ABL underwriters and decision-makers
- Enjoy great food and drinks with a gorgeous view
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## Details
Date: March 28, 2024 Time:
6:00 pm - 10:00 pm
## Venue
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# The Best Places To Invest In Connecticut 2021 Edition
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jul 26, 2021 \| [Best Areas for Real Estate](https://www.ablfunding.com/blog/category/blog/best-areas-for-real-estate/), [Blog](https://www.ablfunding.com/blog/category/blog/), [Fix And Flip](https://www.ablfunding.com/blog/category/blog/fix-and-flip/), [Fix And Rent](https://www.ablfunding.com/blog/category/blog/fix-and-rent/)
There are several factors to consider when looking for the best spots to invest in real estate. Population shifts, unemployment rates, and of course the prices of homes or the monthly rent a property could realistically achieve are some of the most important stats to follow. We’ve compiled reliable data to help highlight some of the best cities in Connecticut to invest in real estate based on their economic growth and current real estate market.
## An Overview Of The Connecticut Real Estate Market
[Connecticut](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/) received a large influx of new wealthy residents coming from New York City and other cramped metro areas throughout the neighboring states, contributing to the real estate boom and bringing upwards of millions of dollars in purchasing power. While the average home in the area doesn’t need that much money, it has benefited sellers by having buyers offer above asking price and sometimes bring cash to the table. With a population of 3.5 million, not including the rapid growth that occurred over the last year, there’s plenty of people looking to either purchase homes or rent property.
For the fix and flip investors- there were approximately 449 flips during 2020 with an average revenue of $98,950. Across the state sales of single-family homes were up 21% in Q1 of 2021 while condominium sales rose by 33%. Currently, inventory is scarce compared to 2020, but the moratorium on evictions is supposed to end on June 30th which will start to slowly lead to an inventory increase for the rest of 2021. These stats bode well for investors looking to fix and flip in Connecticut, if they can prepare for the tough competition when evictions begin.
Building permits for single-family homes rose to a 5-year-high for the state with 1,971 permits being issued throughout 2020. Due to supply cost increases and delays on construction materials, multi-family permits were slightly down from the previous year, but not from lack of demand or lack of quality builders in the area. For real estate investors looking at [new construction](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/new-construction/) opportunities, Connecticut needs single-family homes as they can’t be built fast enough to keep up with the market demand. To put it in perspective, the state has 16% less inventory than the previous year with 18% higher average sale prices.
Owners of rental property have also benefited over the last year, as the housing shortage has caused more demand for quality rentals, which has driven up the average rental price throughout Connecticut. Fairfield County alone has seen a 45% drop in available rental units from the previous year while average rental prices rose by 44%, with the rest of the state experiencing similar trends with less drastic number differences. For buy and hold investors that are looking for profitable rental property, using the BRRRR strategy in Connecticut could be a great investment plan.
Each state was impacted differently throughout the health crisis, leading to a record-breaking loss of jobs and economic downturn. While each state is recovering, some are recovering faster than others, and Connecticut is one of them. According to Connecticut’s Economic Digest, the state has already recovered 59% of jobs lost since April 2020, which is slightly outpacing the country recovery rate of 58%. Business, health, and construction sectors are growing across the state with expected employment growth of 13.5% up through Q2 2022. This means well-paid and in-demand jobs are being created in the economy and will continue to drive up housing prices for the area. Understanding the market conditions for the area you want to invest in will help you plan your investment strategy and maximize your returns.
Now, let’s focus on the best places to invest in Connecticut real estate.
2021 Hottest Towns In Connecticut For Real Estate Investors - YouTube
Asset Based Lending, LLC
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[2021 Hottest Towns In Connecticut For Real Estate Investors](https://www.youtube.com/watch?v=VPJABhE_NAc)
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## Bridgeport
Formerly an overlooked real estate market, Bridgeport has become one of the centerpieces for New England real estate investors. As one of the largest cities in Connecticut with a population of 145,000, it’s been trickling upward since 2016 as people around the tristate area began looking for more affordable alternatives to places like New York City. It’s also home to the only zoo in Connecticut- a minor selling point in the grand scheme but much more appealing to growing families looking for their starter home. With the nearby towns of Fairfield and Trumbull being more affluent and expensive areas, it makes Bridgeport even more attractive and attainable for real estate investors looking for distressed properties to flip or new homes to build.
Pre-pandemic the area had a soft market for both sales and rentals. Sales are currently red hot for the city, with [fix and flips](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) and [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) flourishing. While rentals aren’t necessarily exploding in the current market, it’s much better than it used to be with a healthy vacancy rate and gradually climbing average rental prices.
As of May 2021, the average home sale prices for the area reached $279,000 which is a 23% increase year over year. Homes are spending an average of 60 days on market, with 137 homes selling throughout the month. This indicates a healthy seller’s market, since days on market is in the sweet spot between 45-90 days. The most common trait you’ll see is that inventory is scarce, with only 135 properties on the market including single-family and condos/townhomes, which is a 28% drop in available inventory from the previous year.
The most common traits in homes sold for the area are home office, finished basement, and pool. These traits give an idea of the kind of home buyers in the area: working middle-class families that are looking for a permanent residence to grow and comfortably work-from-home. By adjusting your flip or construction plans to involve amenities such as this, you can ensure that your investment is sold quickly and at a premium price for the area.
## Fairfield
Fairfield is one of the wealthier towns in Connecticut, with nearly double the average household income of the United States average. The largest job sectors in the town are financial services, scientific services, and health care, which explains the higher individual incomes and especially the higher price points for homes in the area. With a population of 62,000 that is made up mostly of married couples or long-term couples planning on marriage, Fairfield is a top tier city for fix and flips and new construction projects. Since much of the purchasing power from home buyers in this town comes from these young couples looking for permanent residences, it’s a great opportunity for investors to provide them quality starter homes aimed at a wealthier crowd.
The average home sale price for the area reached $490,000, which is a 20% year over year increase. 1,318 homes sold during the month of April 2021, with homes spending an average of 38 days on market, indicating a very hot seller’s market. What’s more important to note is that this level of growth was starting before the global health crisis, so while these price surges are certainly inflated based on the current demand and low inventory, its not like the prices are expected to fall significantly in the coming years. In fact, experts believe all of Fairfield County will remain a hot spot for real estate for quite some time, which should excite real estate investors that know how to find the right opportunity.
As mentioned earlier in the article, the [Fairfield rental market](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/connecticut-rental-loans/) is the strongest it’s been in years. Only 24% of the population rents instead of owns, but the market has seen rising demand (and therefore rising rent prices) due to the lack of available housing inventory. Currently the vacancy rate is less than 7%, which is on par with the national average and indicates a healthy rental market. One-bedrooms are renting for an average of $1,800, which is a 29% increase from the previous year and highlights where the negotiating power currently lies. Since home ownership is lagged for many people due to inventory shortages, the need for reliable rental property is strong, making Fairfield Connecticut a great choice for investors practicing the BRRRR strategy.
## Milford
Situated on the eastern border of the state and part of Connecticut’s coastal community, Milford has become an excellent area for both new construction and rental property. The town is a little smaller than Fairfield with a population of 55,000 and a little less wealthy, although still with a much higher average household income than the national average. Plus, the sales tax is lower than the national average, boosting the potential spending power for residents in the area and helping to drive up the average home prices.
The average home sale price for the area reached $371,000 which is a 20% increase year over year. Typical homes are spending an average of 46 days on the market, with hot homes selling in 20 days on average. Nearly all the homes sold in Milford are being sold for above the initial listing price, ranging from 2% more to 7% more, which is indicative of the level of market demand as well as the purchasing power that Milford residents hold.
New construction boomed in Milford during 2020 and continues to grow rapidly up through 2021, delayed only by the occasional lumber shortages and supply transportation issues. During 2020 there was a stretch of five months in a row where the new single-family homes being built reached over 400 per month, which is a record for the area. The first 8 months of 2020 saw an 11% increase in new housing permits, with residential new construction hitting a 5-year-high for the town. Any time there is such critically low levels of inventory, experienced builders and developers can take advantage of hard money loans for new construction and reap the benefits of the inventory gap.
The most popular home trends in homes being sold quickly and above asking price include home office, outdoor pool, and finished basement. Like other areas around Connecticut, most of the home buyers are young families looking for their first primary residence and need the space to both work from home and grow their family in a relaxing environment. Making sure to understand the market’s demands and adjusting your flip or build accordingly will help you ensure the maximum profit when final sale comes around.
## Stratford
Stratford sits in the middle of southern Connecticut along the “Gold Coast” of the Long Island Sound. The town currently has a population of 52,000 and has grown 3% over the last 10 years. For comparison, Connecticut has only seen a 1% growth over the last 10 years, making Stratford one of the fastest growing cities in the entire state. Economically, the town exists alongside many of the national averages, including job growth and home appreciation. That said, the average household income in Stratford is well above the national average, and that high-end buying power is the kind of opportunity real estate investors love to see. As of May 2021, the average home prices in Stratford reached $325,000, which marks a 23% increase year over year. 54 homes sold during the month and typical homes are spending an average of 49 days on market. The very hot homes are selling on average for 6% above asking price and from listing day to final sale is taking only 24 days. Inventory for the area is continuing to drop rapidly month to month since new construction can’t keep up with the demand. From May to June there was an 85% drop in home resale inventory, indicating that builders who can acquire land could fill a much-needed gap in available inventory. As for the rental market in Stratford- only 21% of the city rents versus owns, which is well below the state’s average renter population. That said, the limited rental availability has driven monthly rent prices up. Currently one-bedroom apartments are renting for an average of $1,400 per month, which is an 8% increase from the previous year. Additionally, the current rental vacancy rate is 6.9% which is below the national average and indicative of a healthy rental market. Even though a smaller percent of the population rents, having access to this niche market with a desirable property can produce serious gains over time for Connecticut buy & hold investors.
## Waterbury
Waterbury occasionally gets a bad rep from the locals- mismanagement from the city officials coupled with higher taxes than neighboring cities has left a sour taste in some residents’ mouths. That said, as a real estate investor, Waterbury is a great location for both fix and flips as well as long-term rental property. Waterbury is one of the biggest cities in Connecticut, boasting a population of over 107,000, and has a consistently healthy working economy with a large stable population, making investing in the area a safe choice. Most of the jobs are centered around retail trade, manufacturing, and education with a healthy predicted job growth rate of 22%. This blue-collar work force represents lower buying power than some of the wealthier Connecticut towns, but that’s part of Waterbury’s strength for investors. This is a primary residence or primary rental type of city, so the need for reliable inventory isn’t a passing interest. While there’s a slightly higher unemployment rate than the national average, the entire state is on a rapid road to economic recovery, so this number should be dropping significantly within the following year. As of May 2021, the average home price is $188,000 which is a 31% increase from the previous year. Homes are spending an average of 50 days on market, which is indicative of a healthy and stable real estate market. Especially desirable homes can sell up to 7% above listing price and can go as quickly as 13 days from listing date to final sale. More importantly, 116 homes sold throughout the month which is an impressive 60% increase year over year and highlights the large increased activity that Connecticut markets like Waterbury are seeing. The most common home traits for homes that are selling quickly and above asking price include- you guessed it- home office, finished basement, and outdoor pool. These trends exist for a reason and should be considered by any real estate investor interested in these markets. Investments are about maximizing your profits, and the best way to maximize profit is to have a product that buyers are willing to pay premium price for.
## Litchfield
Litchfield is one of the smaller towns on the list, with a population of only 8,000 people. However, it’s a powerful investment area thanks to the purchasing power of its residents and the economic growth that the town is seeing. Most of the jobs in the area center around construction, finance, and manufacturing, dictating an upper-middle class economy with more average buying power than a city like Waterbury. The unemployment rate and job growth rate are practically on par with the national average, making Litchfield a healthy and safe investment. Where it shines above average is its average income per household, which is much higher than the national average. As of May 2021, the average home sale price for the town reached $580,000, marking a 38% increase from the previous year and a 5-year high for the town. 17 homes sold during the month, which is a 32% decrease from the previous year and atypical for many of the towns on this list. However, given the low population, activity in this town will fluctuate more than others and therefore number changes in either direction will seem more dramatic than they are. Homes are spending an average of 61 days on the market, which is 32% less time than homes were on market the previous year. The rental market isn’t spectacular in either direction- it’s extremely average, and that can be a great thing for risk-averse investors. The average rent for a one-bedroom apartment is $1,200 and has seen almost zero growth or decline in the last two years, fluctuating between a few percentage points difference at the very most. If you’re an investor looking for stability and finding a property that will appreciate while paying for itself with this level of stagnant rent, then Litchfield could be a good option for you. Many of the new residents to Litchfield were coming from parts of New York City such as Brooklyn and consisted of many young to middle-aged parents that needed the space and Wi-Fi strength for a full family to use Zoom calls. Given that was the type of buyer looking at homes in Litchfield, the most common traits amongst desirable homes were home office, finished basement, and large master bedroom. Focusing your Litchfield real estate investment efforts onto these three parts of the home will help maximize interest from potential buyers and have them offering above asking price compared to homes lacking in these areas.
## Norfolk
Norfolk is a perfect example of the Connecticut real estate markets that boomed due to people leaving New York City and other nearby crowded cities. It’s a small town with a population of only 1,628, which means this won’t become an investment mecca, but the population saw a growth of 16% over the last year, which is unheard of. The average household income is far above the national average, as many older wealthy Connecticut residents enjoy their privacy in this tucked-away town.
More impressive than the population rise is the average price for homes in the town. As of May 2020, the average home price for Norfolk reached $415,000, which is a staggering 1085% increase from the previous year! That kind of rapid growth can only occur with a perfect storm of influence- the pandemic forcing people to purchase a home they could feel comfortable being at all day, inventory in the state reaching critical lows, and an affluent population that can afford to flex their wallet and drive the numbers up.
There will always be outliers like this during real estate booms, which is why investors need to keep their finger on the pulse of economic and residential shifts to predict and capitalize on these growth spurts. In our [previous report that looked at Florida](https://www.ablfunding.com/blog/the-best-places-to-invest-in-florida-updated-2021/), we saw that average home prices in Ocala jumped up 22133.3%. Places like Ocala and Norfolk are obviously unusual, but it highlights the importance of being ahead of the curve through market research and understanding the potential of upcoming shifts.
## Final Thoughts
Connecticut has transformed from an underwater real estate market that no one wanted to touch, to one of the best performing markets for real estate investors in the northeast. While the health crisis definitely gave Connecticut a surge to its markets, this growth phase was starting as early as three years ago, so this doesn’t seem to be a flash in the pan that will come crashing down next year. People have realized the value of Connecticut real estate, and investors are looking to seize the opportunities. By keeping track of market trends and understanding the reason behind demand growth, savvy investors can take advantage of these market conditions and walk away with lucrative deals.
As always, Asset Based Lending is ready to finance your next real estate investment in Connecticut. Whether you’re looking to [fix and flip in Bridgeport](https://www.ablfunding.com/where-we-lend/hard-money-lending-connecticut/bridgeport-hard-money-lenders/) or want to begin your rental portfolio in Fairfield, our team can tailor a loan that matches your specific project. We continue to offer the fastest and most reliable hard money loans for real estate investments, including the only true zero-point program in the industry. If you’re looking for a hard money loan in Connecticut, give us a call at 201-942-9089 or email us at [info@abl1.net](mailto:info@abl1.net).
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There are many ways to fund a rehab project, including… [Read more: The Pros and Cons of 100 Percent Fix and Flip Loans for Investors](https://www.ablfunding.com/blog/100-percent-fix-and-flip-loans/)
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# Real Estate Funding: What Are My Options?
by [Asset Based Lending](https://www.ablfunding.com/blog/author/abl_admin/ "Posts by Asset Based Lending") \| Jun 12, 2017 \| [Blog](https://www.ablfunding.com/blog/category/blog/), [Hard Money Lending](https://www.ablfunding.com/blog/category/blog/hard-money-lending/)
So you have the perfect plan: you’ve identified the best property on the market, determined a high potential for profit, and established [your team to help get you started](https://www.ablfunding.com/infographic-4-profit-killing-mistakes-made-new-house-flippers/). Congrats! You’re off to a great start. What you need now is a source of real estate funding.
Remember, for the most part: no money = no deal.
There is no shortage of options to consider when evaluating different sources of financing for real estate investments.
If you are a new real estate investor or one who has completed many deals, having a clear understanding of your options for real estate funding can only benefit you in future transactions. Knowing which funding options work best will increase your profit potential in any type of deal: whether it be a [fix and flip property or a buy and hold investment](https://www.ablfunding.com/fix-and-flip-or-buy-and-hold/).
If you have friends or family who might benefit from this information, please feel free to share it with them!
```
[addtoany]
```
## Funding Option \#1: Private Money Loans
Private money loans are often the first source that real estate entrepreneurs turn to for funding their investments, but this turn may be misguided. Most private loans come directly from a friend or family member– someone in your immediate circle. While these loans might seem like the easiest route to secure funding for your purchase and rehab costs, these providers come with their own potential concerns: they may not understand the intricacies of real estate investments, and are not bound by any sort of set company policies. Often times these lenders lack adequate [knowledge to recognize a bad deal](https://www.ablfunding.com/hard-money-loan-deal-calculator/), even though they are assuming much of the risk. The personal nature of your relationship puts more than just financial risk at stake.
Private lenders’ interest rates vary. The private lender creates rates at his own discretion. That is to say, a friend may give you exceptionally low interest rates, or another may try to charge as much as possible. Loans from private lenders are often secured by a promissory note or mortgage on the property. In simple terms: if you don’t pay, they take your investment away from you. For some private lenders, foreclosing and taking ownership of the property is a more profitable business model for them, so be sure to do your research before deciding who you do business with.
## Funding Option \#2: Partnerships
Some real estate investors may form a legal partnership with a fellow investor. These types of arrangements take the form of what is known as an [equity partnership](https://smallbusiness.chron.com/partnership-equity-64265.html) . Unlike private funding, there is no promissory note or lien on the property. In this type of agreement, when one partner fails or succeeds, so does the other.
In a partnership, you are not responsible for making interest payments to your financing partner. Instead, they receive a piece of the deal’s profit.
Partnerships do not come without their issues, though. First: finding a partner that is both trustworthy and financially successful enough to fund a real estate investment may be difficult. Also, think twice before partnering up with a real estate investing partner who has no knowledge of, or interest in learning the industry unless you’re prepared to be responsible for the entirety of the execution.
To be on the same page, it is important that both you and your partner are aware of all possible risks and rewards associated with taking on an investment property. One way to help make this happen is to create a formal operating agreement that states all of the risks, responsibilities, and compensation structures for everyone involved.
### A problem you might run into with a real estate partnership
Consider you and a partner team up on a fix and flip deal. The exterior structure of the house is fine and only requires an interior rehab. In the initial budget, the two of you only account for the interior renovation. However, once completed, you realize that the condition of the exterior, while acceptable, does not reflect the quality of the interior renovation. You might ask your partner for more money to clean up the exterior of the property to [increase its curb appeal](https://www.hgtv.com/design/outdoor-design/landscaping-and-hardscaping/10-curb-appeal-tips-from-the-pros-pictures) .
As a knowledgeable fix and flipper, you know that curb appeal is one of the most important factors in selling a home quickly. As a savvy investor, you understand the importance of getting in and out of a deal fast. However, your partner may see this as a useless investment and refuse to advance more cash. Avoid these issues by partnering with an investor who has a strong background in real estate investments, or clearly outlining roles and responsibilities.
## Funding Option \#3: Home Equity Loans & Lines of Credit
As an investor, you also have the choice to leverage the equity in your primary home to purchase a new property. A popular bank offering is the Home Equity Line of Credit, or HELOC.
Home Equity Credit Lines can sometimes offer a Loan To Value (LTV) of up to 90% of the equity in your existing home. For example: if your home is worth $1,000,000 and the bank is willing to lend 80% of your home’s value you would qualify for a loan of up to $800,000. However, if the mortgage on your primary residence is not paid off, the bank will deduct it from the loan amount. So, if in the above instance you have $50,000 left on your mortgage, you would only qualify for a loan of up to $750,000.
### Pros and Cons
If you have an established primary residence with a solid market value, the bank will be willing to lend you money for a real estate investment project. The bank, for the most part, is completely disinterested in the value of your investment property in this loan scenario. Rather, they are more interested in the value of your home as collateral. Not only are these loans easy to get approved for, their interest rates are also lower than other real estate lending options.
However, taking out a home equity line of credit to fund a speculative real estate investment project like a fix and flip is extremely risky. Although the loan is easy to acquire and interest rates are low, fix and flips and real estate investmenting in general can be a risky endeavor. Putting your primary residence on the line is a lot of added pressure and risk, should the deal go south.
## Funding Option \#4: Conventional Mortgages
When determining how to get money for a real estate investment, conventional mortgages are also a popular option. Most traditional mortgages come from a bank with a requirement of a minimum 20% down. Interest rates are low for conventional mortgages hovering around 5%.
These mortgages seem great on paper, but may be extremely difficult to qualify for. Banks often require:
- A Credit Score above 700
- At least a 2 Year Profitable Track Record in Fix and Flip Deals
- No recent bankruptcies or foreclosures
Additionally, banks take a very long time to approve loans due to their extensive underwriting process. As an investor in fix and flips, this may be a deal breaker due to the speed and changing nature of the real estate market. Once an investor identifies a profitable property, most look to move quickly to acquire the property before another investor beats them to it.
That leaves us with last, but not least….
## Funding Option \#5: Hard Money Lenders
Many real estate investments (and fix and flip properties specifically) are funded with [hard money](https://www.ablfunding.com/what-is-hard-money-lending-top-10-hard-money-loan-questions/). Hard money lenders are private lending firms that specialize in financing real estate investments.
While hard money interest rates may be slightly higher than other avenues, this type of loan is geared toward real estate investors, and therefore easier to secure. These lenders care less about a potential investor’s income and credit score, and more about facilitating a profitable deal. For this reason: [hard money lenders](https://www.ablfunding.com/) are highly invested in helping borrowers identify high value properties and proceed through any necessary rehab.
Both new and experienced investors can secure financing through a hard money loan. For newer investors specifically, a good lender can be a trusted advisor and keep you from taking on a deal with too much risk or not enough profitability. Also, unlike conventional mortgages, hard money loans can be approved in anywhere from 5-10 days (but our record is just 48 hours!).
If you think hard money is the best route for your next investment, fill out our quick pre-qualification and chat with one of our experienced loan officers!
[Pre-Qualify Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
**How did you fund your last deal? Share Below.**
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# Hard Money Lenders in Indiana
## Fix and Flip, New Construction, And Rental Financing In Indiana
Asset Based Lending is the premier hard money lender in Indiana, offering real estate investors various loan options for fix and flips, new construction, [cash out refinancing](https://www.ablfunding.com/loan-programs/rental-loans/), and loans for rental property. With over a decade of experience and more than $2B in originations, our team are experts in [hard money loans](https://www.ablfunding.com/loan-programs/), boasting hundreds of verified five-star reviews across all of our loan programs. We use flexible underwriting to tailor loans to match your specific project, offering lower interest rates, maximum leverage, zero points, or other considerations you may have.
ABL specializes in closing deals quickly, with loan approval as fast as 24 hours and loan closings in 10 days on average. As investors ourselves, we understand the wants and needs of our borrowers, focusing on a simple loan process with reliable financing. With dedicated in-house teams that service every step of the loan process, our goal is to help you scale your business with hard money loans made easy. Whether you’re working on fix and flips in Fort Wayne or new construction in Indianapolis, ABL is ready to finance your next success. Contact us today to experience the best Indiana hard money lender.
## The Most Reliable Hard Money Lender in Indiana
Asset Based Lending started in 2010 as a local hard money lender in Jersey City, [New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/). More than a decade later and over $2B in originations, ABL is now the premier direct lender for real estate investors across the United States, including The Hoosier State . As long-standing hard money lenders in Indiana who focus on providing a simple loan process, we pride ourselves on the strong business relationships we’ve developed with local appraisers, attorneys, and title agents across our lending areas. These relationships allow us to offer an easy loan process from start to finish, letting our borrowers focus their attention on the project at hand.
ABL is dedicated to providing the best hard money loans to Indiana real estate investors, whether you’re a first-time investor or a seasoned professional that’s ready to scale up. With over 500 five-star reviews and more than half of our borrowers returning to us, it’s clear that Asset Based Lending is the best hard money lender Indiana has to offer.
**Prequalify Today** [Get approved for your next project](https://archive.abl1.net/loan-programs/loan-pre-qualification/), or learn more about our various loan programs below:
- [Fix and Flip](https://www.ablfunding.com/where-we-lend/indiana/indiana-fix-and-flip-loans/)
- [New Construction](https://www.ablfunding.com/where-we-lend/indiana/indiana-new-construction-loans/)
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Seth Blumenthal
Loan Officer, Inside Sales
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/indiana/#)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/indiana/#)
**ABL Lends in:**
ABL lends in all of non-rural Indiana, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
Maryem Haddoumi
Loan Officer, Inside Sales
Coming Soon.
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IN Real Estate Market Highlights
#### AVG HOME SALE PRICE
$254,700
+12% YOY, May 2022
#### AVG DAYS ON MARKET
8 Days
May 2022
#### INCREASE IN SINGLE-FAMILY BUILDS
\+ 20%
YOY Increase, Q1 2022
#### AVG FIX & FLIP REVENUE
$63,279
2020
#### POPULATION GROWTH
\+ 5%
2010 – 2020
#### HOMES SOLD
4,699
May 2022
Recently Funded Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Smoke Rise, GA Fix & Flip](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Gut Renovation — Single-Family Detached
**Purchase Price:** $667,000
**Renovation Budget:** $201,000
**Loan Amount:** $753,500
**Loan Purpose:** Purchase & Rehab
**ARV:** $1,130,000
[View Deal Info](https://www.ablfunding.com/casestudy/smoke-rise-georgia-hard-money-fix-and-flip-loan/)
## [Summerville, South Carolina Fix & Flip](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
**Borrower Profile:** Repeat Borrower – Full-Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Single-Family Detached
**Purchase Price:** $165,000
**Renovation Budget:** $74,500
**Loan Amount:** $214,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $370,000
[View Deal Info](https://www.ablfunding.com/casestudy/summerville-south-carolina-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/where-we-lend/indiana/#) [Next](https://www.ablfunding.com/where-we-lend/indiana/#)
[1](https://www.ablfunding.com/where-we-lend/indiana/#) [2](https://www.ablfunding.com/where-we-lend/indiana/#) [3](https://www.ablfunding.com/where-we-lend/indiana/#) [4](https://www.ablfunding.com/where-we-lend/indiana/#)
Indiana Hard Money Loans For Real Estate Investors
### Quick Closing Fix and Flip Loans
Asset Based Lending works with real estate investors that know how to transform a mundane or distressed property into a work of art and sell it for a higher value. We offer 12-month, interest-only [fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) that are designed to help investors purchase the property and complete the renovation before selling it for a profit and paying down their loan so they can move on to their next project. These flip loans provide funding up to 90% of the purchase price and cover 100% of the renovation costs, with interest rates starting as low as 9.5%—15% .
We work with investors of all experience levels, whether it’s your first fix and flip or you’re a seasoned pro. Our team evaluates each property and deal on its own, which lets us tailor loans to match the specific project and help to enhance the exit strategy of our borrowers. With loan approval as fast as 24 hours and an average loan closing of just 10 days, its no wonder why ABL has the best Indiana fix and flip loans.
### Reliable New Construction Loans for Experienced Indiana Investors
New construction offers a strategic advantage for Indiana real estate investors facing record-low housing inventory. As experienced hard money lenders in Indiana, Asset Based Lending provides flexible financing solutions that include up to 90% of land value and 100% of construction costs. Our new construction loans are specifically designed for experienced investors and developers looking to scale their business efficiently in Indiana’s competitive market.
We understand that every project has unique requirements, which is why ABL’s hard money loans in Indiana feature customizable terms and streamlined underwriting. Our experienced team works closely with borrowers to structure loans that align with their exit strategy, whether prioritizing lower interest rates, maximum leverage, or zero-point options. Connect with our local lending experts to discuss your Indiana [new construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/) project and secure fast, reliable funding.
### Rental Loans For BRRRR Investors
Asset Based Lending offers reliable and simple rental loans for [BRRRR](https://www.ablfunding.com/brrrr-calculator/) and Indiana real estate investors. These private rental loans are designed for buy and hold investors who want to secure 1-8 family properties, whether it’s a single rental loan or an entire portfolio. We offer competitive terms with interest rates starting as low as 5% and leverage up to 80% .
ABL is a direct lender, which allows us the ability to offer single rental loans up to $3M and portfolio loans up to $3M. Our rental loans are available to investors of all experience levels, as we assess each rental loan on the viability of the property to be an income-producing asset. If you’re ready to start the process for your Indiana rental loan, then contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
[« All Events](https://www.ablfunding.com/events-calendar/)
- This event has passed.
# Flips & Funding – Austin Texas
## February 29, 2024 @ 6:00 pm \- 10:00 pm
Free
## Calling All Austin Texas Real Estate Investors!
Join Asset Based Lending on Thursday, February 29th for a great evening of food, drink, and real estate networking. Whether you want to chat with loan officers about existing deals you need funded, or simply mingle with other investors and industry professionals, this event has you covered.
Event will be held at The Dogwood at The Domain, starting at 6:00pm.
Capacity is limited! RSVP to reserve your spot.
- Meet your local real estate investing Dream Team
- Speak with ABL loan officers and decision-makers
- Enjoy great food & open bar in the middle of Austin
### Meet Your Host:
| | |
| --- | --- |
|  | _Asset Based Lending is a direct hard money lender with over 13 years and $2 Billion in projects financed. ABL specializes in fast closings and reliable service for fix and flips, new construction, cash out refinancing, and DSCR rental loans._ |
Space Is Limited! **RSVP To Join.**
* * *
Add to calendar
- [Google Calendar](https://www.google.com/calendar/event?action=TEMPLATE&dates=20240229T180000/20240229T220000&text=Flips%20%26%23038%3B%20Funding%20%E2%80%93%20Austin%20Texas&details=%5Bet_pb_section+fb_built%3D%221%22+_builder_version%3D%224.17.4%22+background_enable_image%3D%22off%22+custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22+custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row+column_structure%3D%223_5%2C2_5%22+_builder_version%3D%224.17.4%22+background_size%3D%22initial%22+background_position%3D%22top_left%22+background_repeat%3D%22repeat%22+width%3D%22100%25%22+custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column+type%3D%223_5%22+_builder_version%3D%224.17.4%22+custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22+global_colors_info%3D%22%7B%7D%22+custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text+admin_label%3D%22Text%22+_builder_version%3D%224.23.1%22+background_size%3D%22initial%22+background_position%3D%22top_left%22+background_repeat%3D%22repeat%22+hover_enabled%3D%220%22+global_colors_info%3D%22%7B%7D%22+sticky_enabled%3D%220%22%5D%3Ch2%3ECalling+All+Austin+Texas+Real+Estate+Investors%21%3C%2Fh2%3E%3Cp%3EJoin+Asset+Based+Lending+on+Thursday%2C+February+29th+for+a+great+evening+of+food%2C+drink%2C+and+real+estate+networking.+Whether+you+want+to+chat+with+loan+officers+about+existing+deals+you+need+funded%2C%3C%2Fp%3E+%28View+Full+event+Description+Here%3A+https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-austin%2F%29&location=The%20Dogwood,%2011420%20Rock%20Rose%20Ave%20#130,%20Austin,%20NJ,%2078758,%20United%20States&trp=false&ctz=UTC+0&sprop=website:https://www.ablfunding.com)
- [iCalendar](webcal://www.ablfunding.com/event/flips-funding-austin/?ical=1)
- [Outlook 365](https://outlook.office.com/owa/?path=/calendar/action/compose&rrv=addevent&startdt=2024-02-29T18%3A00%3A00%2B00%3A00&enddt=2024-02-29T22%3A00%3A00%2B00%3A00&location=The%20Dogwood,%2011420%20Rock%20Rose%20Ave%20#130,%20Austin,%20NJ,%2078758,%20United%20States&subject=Flips%20%26%20Funding%20%E2%80%93%20Austin%20Texas&body=%5Bet_pb_section%20fb_built%3D%221%22%20_builder_version%3D%224.17.4%22%20background_enable_image%3D%22off%22%20custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row%20column_structure%3D%223_5%2C2_5%22%20_builder_version%3D%224.17.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20width%3D%22100%25%22%20custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column%20type%3D%223_5%22%20_builder_version%3D%224.17.4%22%20custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%20custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text%20admin_label%3D%22Text%22%20_builder_version%3D%224.23.1%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20hover_enabled%3D%220%22%20global_colors_info%3D%22%7B%7D%22%20sticky_enabled%3D%220%22%5DCalling%20All%20Austin%20Texas%20Real%20Estate%20Investors%21%3Cp%3EJoin%20Asset%20Based%20Lending%20on%20Thursday%2C%20February%2029th%20for%20a%20great%20evening%20of%20food%2C%20drink%2C%20and%20real%20estate%20networ%20%28View%20Full%20Event%20Description%20Here%3A%20https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-austin%2F%29)
- [Outlook Live](https://outlook.live.com/owa/?path=/calendar/action/compose&rrv=addevent&startdt=2024-02-29T18%3A00%3A00%2B00%3A00&enddt=2024-02-29T22%3A00%3A00%2B00%3A00&location=The%20Dogwood,%2011420%20Rock%20Rose%20Ave%20#130,%20Austin,%20NJ,%2078758,%20United%20States&subject=Flips%20%26%20Funding%20%E2%80%93%20Austin%20Texas&body=%5Bet_pb_section%20fb_built%3D%221%22%20_builder_version%3D%224.17.4%22%20background_enable_image%3D%22off%22%20custom_margin%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20custom_padding%3D%220px%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_row%20column_structure%3D%223_5%2C2_5%22%20_builder_version%3D%224.17.4%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20width%3D%22100%25%22%20custom_padding%3D%22%7C%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%5D%5Bet_pb_column%20type%3D%223_5%22%20_builder_version%3D%224.17.4%22%20custom_padding%3D%22%7C10px%7C%7C%7Cfalse%7Cfalse%22%20global_colors_info%3D%22%7B%7D%22%20custom_padding__hover%3D%22%7C%7C%7C%22%5D%5Bet_pb_text%20admin_label%3D%22Text%22%20_builder_version%3D%224.23.1%22%20background_size%3D%22initial%22%20background_position%3D%22top_left%22%20background_repeat%3D%22repeat%22%20hover_enabled%3D%220%22%20global_colors_info%3D%22%7B%7D%22%20sticky_enabled%3D%220%22%5DCalling%20All%20Austin%20Texas%20Real%20Estate%20Investors%21%3Cp%3EJoin%20Asset%20Based%20Lending%20on%20Thursday%2C%20February%2029th%20for%20a%20great%20evening%20of%20food%2C%20drink%2C%20and%20real%20estate%20networ%20%28View%20Full%20Event%20Description%20Here%3A%20https%3A%2F%2Fwww.ablfunding.com%2Fevent%2Fflips-funding-austin%2F%29)
## Details
Date: February 29, 2024 Time:
6:00 pm - 10:00 pm
Cost: Free
## Organizer
[Scott Ward](https://www.ablfunding.com/organizer/scott-ward/ "Scott Ward")
## Venue
[The Dogwood](https://www.ablfunding.com/venue/the-dogwood/)11420 Rock Rose Ave #130
Austin,NJ78758United States[\+ Google Map](https://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=11420+Rock+Rose+Ave+%23130+Austin+NJ+78758+United+States "Click to view a Google Map") Phone (512) 330-4554
To navigate, press the arrow keys.
BESbswy
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Legitimate Asset Based Lending
## Features of ABL’s Lending
Established in 2010, ABL has funded more than $2 Billion to real estate investors across the country. Since Asset Based Lending’s inception, we have committed ourselves to our borrowers, priding ourselves on being their trusted partners along their investment journey.
Our commitment to our borrowers translates to flexible loan programs, fast funding, and unbeatable servicing. As real estate investors ourselves, we understand the responsibility to ensure our borrowers receive the most profitable loan program for their investment strategy.
ABL boasts a return business rate of over 60%, a direct result of our transparent process and five-star service. Asset Based Lending for real estate investors remains the leading hard money lenders.
ADD\_THIS\_TEXT
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Real Reviews From Real Borrowers
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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## ABL’s Loan Choices
Asset Based Lending’s legitimate and comprehensive loan programs offer something for every investment strategy. ABL provides hard money loans for investors of all experience levels. Our offerings include fix and flip, new construction for real estate developers, cash out refinance, and DSCR loans for rental property investors.
## Thinking Locally, Lending Nationally
In more than a decade of private money lending, the lending professionals at ABL have seen how important it is to work with local appraisers and attorneys. Asset Based Lending lacks the data and insight that boots on the ground professionals offer.
The appraisal process is critical to the livelihood of an investor’s deal. Working with individuals who are familiar with the local market and can provide accurate reporting is essential to the loan terms. As with our borrowers, ABL forges relationships with local real estate professionals, creating a team of knowledgeable and dedicated individuals for each loan written.
## What Sets Us Apart
At Asset Based Lending, communication remains the top priority. From origination to payoff, we believe that once a project is funded it is necessary to stay connected to our borrowers. Our expert lending specialists check in on our borrowers’ progress, and make sure that they receive the five-star service they deserve.
At each stage of the loan process, from origination through underwriting, servicing, and payoff, our borrowers have an open line of communication. Each person who touches a loan has a duty to be transparent with our customers and do their best to guide each borrower through the loan process. With that overview, you can trust that Asset Based Lending LLC is legitimate.
Recently Funded New Construction Projects
## [Avon North Carolina New Construction](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
**Borrower Profile:** Repeat Borrower – Experienced Investor
**Work Description:** New Construction – Single Family + Guest House
**Purchase Price:** $419,000
**Construction Budget:** $754,000
**Loan Amount:** $997,000
**Loan Purpose:** Land Purchase & New Construction
**ARV:** $2,483,000
[View Deal Info](https://www.ablfunding.com/casestudy/avon-north-carolina-new-construction-loan/)
## [Cape Coral, FL Cash Out & Construction](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Experienced Real Estate Investor
**Work Description:** New Construction – 3 Single-Family Homes
**Purchase Price:** $285,000
**Renovation Budget:** $579,793 (Construction)
**Loan Amount:** $735,000
**Loan Purpose:** Cash Out & New Construction
**ARV:** $1,216,000
[View Deal Info](https://www.ablfunding.com/casestudy/cape-coral-florida-hard-money-new-construction-loan/)
## [Knoxville, TN New Construction](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
**Borrower Profile:** First-Time Borrower – Full-Time Real Estate Investor
**Work Description:** New Construction – 4 Single-Family Homes
**Purchase Price:** $85,000
**Renovation Budget:** $680,000 (Construction)
**Loan Amount:** $650,000
**Loan Purpose:** Property New Construction
**ARV:** $1,360,000
[View Deal Info](https://www.ablfunding.com/casestudy/knoxville-tennessee-new-construction-loan/)
## [Atlanta, GA New Construction](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
**Borrower Profile:** First-Time Borrower – Newer Real Estate Investor
**Work Description:** New Construction – Single-Family Home
**Purchase Price:** $40,000
**Renovation Budget:** $425,000 (Construction)
**Loan Amount:** $395,000
**Loan Purpose:** Property New Construction
**ARV:** $680,000
[View Deal Info](https://www.ablfunding.com/casestudy/atlanta-georgia-hard-money-new-construction-loan-2/)
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Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Memphis Tennessee DSCR Rental Loan
# Memphis Tennessee DSCR Rental Loan
[Back to All Case Studies](https://www.ablfunding.com/case-studies/ "Back to All Case Studies")
**Address:** Memphis, Tennessee
**Borrower Profile:** First Time Borrower — Real Estate Investor
**Purchase Price:** $67,500
**Appraised Value:** $207,000
**Loan Amount:** $155,250
**Loan Structure:** Fully Amortizing 30-Year
**Loan Purpose:** Rate and Term Refinance
**DSCR:** 1.21
Situation:
Asset Based Lending recently funded a [DSCR loan](https://www.ablfunding.com/loan-programs/rental-loans/) for a first-time borrower in Memphis Tennessee. This borrower contacted ABL for a rate and term refinance on a rental property already in their portfolio. There is already a tenant in place in this rental property and the borrower is collected monthly market rate rent. With a DSCR of 1.21, this property is generating positive cashflow for this borrower’s portfolio. Memphis is the second largest city in Tennessee and offers residents great career opportunities as well as recreational activities and deep cultural heritage. This is a great area for rental property investors as 53% of residents rent versus own their homes.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# California
## The Premier California Hard Money Lender
Asset Based lending offers quick and simple financing for real estate investors across the state of California. We lend on fix and flips, new construction, cash out refinances, and buy & hold rental property. Our loans in California are fully serviced in-house, so you’ll be under the ABL banner from your first phone call through your final loan payoff, ensuring you receive a five-star experience. We partner with the best local appraisers, attorneys, and title agents in our lending areas, so our borrowers are working with the best in the industry. After you experience the ABL Difference, you’ll never use another hard money lender.
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
## Prequalify Today
Prequalify for your loan today or call us at (201) 942-9090. We approve loans as fast as 24 hours. Our California private money loans can fund the following projects:
- [Fix & Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Maryem Haddoumi
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/california/#)
Torin Francis
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/california/#)
**ABL Lends in:** ABL lends in all of non-rural California, pending property and borrower underwriting
Maryem Haddoumi
Loan Officer
Coming Soon.
Torin Francis
Loan Officer
Coming Soon.
ABL Borrower Review - Harry A - YouTube
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[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
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“Anyone who wants to get into this business, **go with ABL. They’re the best.**“
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
CA Real Estate Market Highlights
#### MED HOME SALE PRICE
$794,000 August 2023
#### AVG DAYS ON MARKET
27 Days
August 2023
#### HOME OWNERSHIP RATE
55.3%
Q3 2022
#### AVG FIX & FLIP PROFIT
$92,500
September 2023
#### MEDIAN RENT
$2,895 October 2023
#### UNEMPLOYMENT RATE
4.6%
August 2023
## Local Information For California Real Estate Investors
As one of the most expensive real estate markets in the US, the Golden State remains healthy in its various regions including savvy Bay Area and diverse Southern California. As California is adjusting to higher mortgage rates and rising inflation, trends in several metro areas are in the early stages of transitioning from a seller’s mark to a neutral setting. Although home prices vary across California, property remains expensive for more buyers. The California real estate markets have grown exponentially in the last few years, with popular cities seeing more population growth and therefore higher demand on rental and permanent housing. In August 2023, home prices in California were up 5% compared to last year, selling for a median price of $794,300. Demand for housing in the state is likely to remain steady and prices are forecasted to be at some of the lowest since the pandemic and real estate boom began. Moving fast paced is important in the California real estate market, that’s why working with a [hard money lender](https://www.ablfunding.com/) like Asset Based Lending that closes in two weeks or less is perfect for growing your business.
## Recommended Areas For California Real Estate Investing
**Bay Area** The housing market in the Bay Area has been a competitive area for quite some time but has seen several factors in recent years that make it desirable for investors. Since the pandemic onset in 2020 all nine counties in the Bay Area have experienced population declines, which has allowed homeowners to move to more affordable areas and work remotely. Renter demand is still high compared to the national average, and the environment is still extremely sought after for its popularity and diversity. With the Bay Area’s economics and property values, it’s a double-edged sword that remains a strong market for real estate investors. While the cost of living remains high, the young workforce and long-term sustainability contribute to its potential success. The average home value in the Bay Area stands at $1.1 million, reflecting a 7.8% decrease from September 2022, and spending approximately 14 days on the market. Because inventory remains low, potential buyers are bidding competitively. 44% of homes in San Francisco close over list price in Q4 of 2022. Even during post pandemic pricing, homes in the Bay Area are still a prime target area for investors. Sellers in the area have pricing power despite slower (but stable!) buyer demand. Additionally, rising California mortgage rates have pressured high-priced markets to cool off. Home affordability is predicted to level out into 2024, keeping the Bay Area a healthy merry-go-round for jobs, housing, and architecture.
**San Jose** As the largest city in Northern California, it’s a sector for high-tech industry where the housing market plays a crucial role in the area’s economic growth. Giant companies like Adobe, Apple, Facebook, and Google make San Jose the biggest driving factor for the real estate market. The region is hot and competitive with a strong demand for homes and low inventory; all the reason to keep the home of Silicon Valley on your real estate radar. 2023 is seeing a significant housing shortage in San Jose, which is common for major metropolitan areas. The San Jose market is characterized for its fast pace. Existing Single-family homes in this region sell for a median of $1.8 million in approximately 11 days, far quicker than the national average. Because there is not enough supply to meet demand, there are bidding wars as the prices of homes soar. Overall, home prices are up 12.5% year-over-year and the average home receives 6 offers. This means if you strike while the iron is hot, you could have a golden egg opportunity as an investor. Despite the median sale price being 221% higher than the national average and the cost of living 75% higher than national average, people still flock to San Jose and trends indicate continued appreciation in the long run. In the context of budget and affordability, investors should consider their individual project next to these rising prices. Overall employment has increased in San Jose as of October 2023, which means optimism for builders and new construction jobs.
**San Diego** With major healthcare, education, and tourism employers, San Diego has a diversified economy with desirable investment opportunities. Housing market trends in San Diego are very competitive and have some of the highest rent and price appreciation in the country’s history, making properties here extremely valuable. San Diego also has a robust economy thanks to the real estate market. In recent months, rising interest rates have had major effects on the housing market. Despite this, homes still get multiple offers because of the low inventory and create massive demand for rental properties. If you’re thinking about flipping a home to rent out in San Diego, you could be making a huge profit from those who simply cannot afford to buy homes. The median rent in San Diego is $2700, which would be much higher in a rental single-family property. Increased competition is attributed to the shortage of housing amid strong population growth in San Diego. Q2 of 2023 reported 57.8% of sales in San Diego area were sold over the list price and a growth rate of 5.1% is predicted for the August 2024 housing market, presenting strategic opportunities for investors. It’s important to evaluate your financial situation and long-term goals before making the decision to invest in San Diego.
California Fix And Flip Hard Money Loans
## Financing Your California Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with flexible loan options that cover a variety of rehab projects. On average, ABL rehab loans close in just 10 days and approve loans in 24 hours, so our borrowers never miss an opportunity. These 12-month interest-only bridge loans allow investors to acquire property and begin renovations using the most competitive rates on the market. Whether its multifamily flips or single family rehab, our hard money fix and flip loans can be underwritten to match any investment project that meets our minimum loan criteria. ABL flip loans provide funding up to 85% of property purchase price and 100% of the rehab costs. Click here to learn more about our California [fix and flip loans](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/).
## Why California Investors Choose Fix And Flips
Fix and flips are the standard real estate investment and for a good reason, as these fast-paced projects can put tens of thousands of dollars into an investors pocket and allow them to move on to bigger and better investment opportunities. September 2023 California fix and flips are producing an average profit of $92,500 and with homes staying on the market for an average of 27 days, fix and flip investors can chain together several deals to walk away with healthy profits. With the fast moving markets, investors need fast moving loans. Our fix and flip loans focus on closing in 10 days on average, so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is [here to help](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
## Using Hard Money Loans For Fix And Flips
More real estate investors are choosing hard money loans for real estate investments than ever before, and there’s a few reasons behind that. Conventional mortgages have very restrictive criteria and offer the same level of flexibility as hard money loans, making them difficult for fix and flips and other real estate investments. Some investors turn to private money loans due to their direct lending and relaxed loan criteria, but the problem with private money lenders is their lack of hard commitment and potential to not follow through when funding is needed most. California hard money lenders offer the same level of security and reliability as traditional financial institutions while providing the speed and flexibility of a private money lender. By having full control of their own funds, a hard money lender can assess each borrower on the merit of their investment and determine loan viability based on the individual project. If the hard money fix and flip loan is coming from ABL, the loan is handled completely in-house which allows fast deal closings and professional draw management that funds your project on your schedule. When it comes to all types of real estate investments, but especially fix and flips, the best choice are ABL hard money loans.
California New Construction Hard Money Loans
### Loans For California New Construction
Asset based Lending works with experienced builders and developers to finance their new construction investments. Investors use these 12-month interest-only bridge loans to cover the financial hurdles that can prohibit certain deals from going through. Rates for our new construction loans start as low as 9.99% and we provide loan amount ranging from $100K to $3.5M. We never charge prepayment penalties and offer a transparent loan process from start to finish, so you don’t have to worry about hidden fees. With more than half our borrowers returning for repeat business and hundreds of verified five-star reviews, it’s clear that Asset Based Lending has the best loans for [California new constructions loans](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/).
### California New Construction Investment Info
Steady population growth combined with limited housing inventory has made California new construction a strategic decision for investors. As of August 2023, most people are no longer interested in investing in land and getting regulatory approval to increase the supply. The shortage of housing in California has caused constraints on the construction of new housing. Factors like single-family zoning and high land cost has contributed to the lack of new construction in California.
### Choosing Asset Based Lending For New Construction Loans
As real estate investing becomes more popular, more investors are looking for additional capital and finding out it’s not as easy as it sounds. Many people first turn to banks, but banks are very risk-averse and tend to avoid new construction loans by having extremely restrictive criteria or flat out denying the loans. This has investors looking at private money lenders due to their relaxed criteria and more flexible loans, but private money loans don’t offer the same reliability and security of a financial institution which can cause major problems during construction. Luckily, private [hard money lenders](https://www.ablfunding.com/) in California are somewhere in the middle and the hard money loans they offer are perfect for new construction projects. A hard money loan combines the security and reliability of a conventional bank loan with the speed and flexibility of a private money loan, allowing borrowers to rest assured that their funding will be guaranteed and delivered on time. Knowing you can trust the financing and that the loan will be tailored to match your specific project means you can focus on the important work- like finishing that gorgeous suburban home that you plan to sell for a profit! Whether you’re looking to build a few homes a year or you’re ready to scale to multifamily development, then [contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to discuss your upcoming projects.
California Rental Loans & Cash Out Refinancing
### Loans for California Rental Property
Asset Based Lending offers fast and easy rental loans for California real estate investors. These term rental loans are designed for buy and hold investors that want to secure properties between 1-9 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $3M. We assess each project based on the income-producing viability of the property, allowing us to work with investors of all experience levels. ABL also provides the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for California real estate investors. Click to learn more about our [rental loan programs.](https://www.ablfunding.com/loan-programs/rental-loans/)
### California Rental Markets
The severity of the current housing shortage will continue to push prices up for the rest of 2023. However, the California Association of Realtors has forecasted a significant increase of home sales in 2024 of 22.9% to 327,100 units. High mortgage rates for longer means many homeowners will choose to avoid selling and in turn, face much higher mortgage payments. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short-term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our California rental loans, [then contact us today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/).
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Hard Money Loan Application
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### Deal Information
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### Signature
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## Contact Policy
Privacy Policy
Last updated: May 7, 2024
This Privacy Policy describes Our policies and procedures on the collection, use and disclosure of Your information when You use the Service and tells You about Your privacy rights and how the law protects You.
We use Your Personal data to provide and improve the Service. By using the Service, You agree to the collection and use of information in accordance with this Privacy Policy.
## Interpretation and Definitions
### Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.
### Definitions
For the purposes of this Privacy Policy:
**Account** means a unique account created for You to access our Service or parts of our Service.
**Affiliate** means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
**Business**, for the purpose of CCPA/CPRA, refers to the Company as the legal entity that collects Consumers' personal information and determines the purposes and means of the processing of Consumers' personal information, or on behalf of which such information is collected and that alone, or jointly with others, determines the purposes and means of the processing of consumers' personal information, that does business in the State of California.
**CCPA** and/or **CPRA** refers to the California Consumer Privacy Act (the "CCPA") as amended by the California Privacy Rights Act of 2020 (the "CPRA").
**Company** (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to Asset Based Lending, 30 Montgomery St. Ste. 150, Jersey City, NJ 07032.
For the purpose of the GDPR, the Company is the Data Controller.
**Consumer**, for the purpose of the CCPA/CPRA, means a natural person who is a California resident. A resident, as defined in the law, includes (1) every individual who is in the USA for other than a temporary or transitory purpose, and (2) every individual who is domiciled in the USA who is outside the USA for a temporary or transitory purpose.
**Cookies** are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
**Country** refers to: New Jersey, United States
**Data Controller**, for the purposes of the GDPR (General Data Protection Regulation), refers to the Company as the legal person which alone or jointly with others determines the purposes and means of the processing of Personal Data.
**Device** means any device that can access the Service such as a computer, a cellphone or a digital tablet.
**Do Not Track** (DNT) is a concept that has been promoted by US regulatory authorities, in particular the U.S. Federal Trade Commission (FTC), for the Internet industry to develop and implement a mechanism for allowing internet users to control the tracking of their online activities across websites.
**GDPR** refers to EU General Data Protection Regulation.
**Personal Data** is any information that relates to an identified or identifiable individual.
For the purposes of GDPR, Personal Data means any information relating to You such as a name, an identification number, location data, online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity.
For the purposes of the CCPA/CPRA, Personal Data means any information that identifies, relates to, describes or is capable of being associated with, or could reasonably be linked, directly or indirectly, with You.
**Service** refers to the Website.
**Service Provider** means any natural or legal person who processes the data on behalf of the Company. It refers to third-party companies or individuals employed by the Company to facilitate the Service, to provide the Service on behalf of the Company, to perform services related to the Service or to assist the Company in analyzing how the Service is used. For the purpose of the GDPR, Service Providers are considered Data Processors.
**Usage Data** refers to data collected automatically, either generated by the use of the Service or from the Service infrastructure itself (for example, the duration of a page visit).
**Website** refers to Asset Based Lending, accessible from [https://www.ablfunding.com](https://www.ablfunding.com/)
**You** means the individual accessing or using the Service, or the company, or other legal entity on behalf of which such individual is accessing or using the Service, as applicable.
Under GDPR, You can be referred to as the Data Subject or as the User as you are the individual using the Service.
## Collecting and Using Your Personal Data
### Types of Data Collected
#### Personal Data
While using Our Service, We may ask You to provide Us with certain personally identifiable information that can be used to contact or identify You. Personally identifiable information may include, but is not limited to:
Email address
First name and last name
Phone number
Address, State, Province, ZIP/Postal code, City
Bank account information in order to pay for products and/or services within the Service
Usage Data
When You pay for a product and/or a service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity. Such information may include, without limitation:
- Date of birth
- Passport or National ID card
- Bank card statement
- Other information linking You to an address
#### Usage Data
Usage Data is collected automatically when using the Service.
Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers and other diagnostic data.
When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers and other diagnostic data.
We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.
#### Tracking Technologies and Cookies
We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We use may include:
- **Cookies or Browser Cookies.** A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted Your browser setting so that it will refuse Cookies, our Service may use Cookies.
- **Web Beacons.** Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).
Cookies can be "Persistent" or "Session" Cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the [Free Privacy Policy website](https://www.freeprivacypolicy.com/blog/sample-privacy-policy-template/#Use_Of_Cookies_And_Tracking) article.
We use both Session and Persistent Cookies for the purposes set out below:
**Necessary / Essential Cookies**
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.
**Cookies Policy / Notice Acceptance Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies identify if users have accepted the use of cookies on the Website.
**Functionality Cookies**
Type: Persistent Cookies
Administered by: Us
Purpose: These Cookies allow us to remember choices You make when You use the Website, such as remembering your login details or language preference. The purpose of these Cookies is to provide You with a more personal experience and to avoid You having to re-enter your preferences every time You use the Website.
**Tracking and Performance Cookies**
Type: Persistent Cookies
Administered by: Third-Parties
Purpose: These Cookies are used to track information about traffic to the Website and how users use the Website. The information gathered via these Cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the Website. We may also use these Cookies to test new pages, features or new functionality of the Website to see how our users react to them.
For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.
### Use of Your Personal Data
The Company may use Personal Data for the following purposes:
- **To provide and maintain our Service**, including to monitor the usage of our Service.
- **To manage Your Account:** to manage Your registration as a user of the Service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
- **For the performance of a contract:** the development, compliance and undertaking of the purchase contract for the products, items or services You have purchased or of any other contract with Us through the Service.
- **To contact You:** To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
- **To provide You** with news, special offers and general information about other goods, services and events which we offer that are similar to those that you have already purchased or enquired about unless You have opted not to receive such information.
- **To manage Your requests:** To attend and manage Your requests to Us.
- **To deliver targeted advertising to You**: We may use Your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to Your interests and/or location and to measure its effectiveness.
- **For business transfers:** We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
- **For other purposes**: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns and to evaluate and improve our Service, products, services, marketing and your experience.
We may share Your personal information in the following situations:
- **With Service Providers:** We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to advertise on third party websites to You after You visited our Service, for payment processing, to contact You.
- **For business transfers:** We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
- **With Affiliates:** We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
- **With business partners:** We may share Your information with Our business partners to offer You certain products, services or promotions.
- **With other users:** when You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
- **With Your consent**: We may disclose Your personal information for any other purpose with Your consent.
- Notwithstanding the foregoing, your consent to receive SMS messages from ABL shall not be assigned to our Affiliates or business partners.
### Retention of Your Personal Data
The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.
The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.
### Transfer of Your Personal Data
Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.
Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.
The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of Your data and other personal information.
### Delete Your Personal Data
You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.
Our Service may give You the ability to delete certain information about You from within the Service.
You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage Your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.
Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.
### Disclosure of Your Personal Data
#### Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.
#### Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).
#### Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:
- Comply with a legal obligation
- Protect and defend the rights or property of the Company
- Prevent or investigate possible wrongdoing in connection with the Service
- Protect the personal safety of Users of the Service or the public
- Protect against legal liability
### Security of Your Personal Data
The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.
## Detailed Information on the Processing of Your Personal Data
The Service Providers We use may have access to Your Personal Data. These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies.
### Analytics
We may use third-party Service providers to monitor and analyze the use of our Service.
**Google Analytics**
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our Service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the Service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
### Email Marketing
We may use Your Personal Data to contact You with newsletters, marketing or promotional materials and other information that may be of interest to You. You may opt-out of receiving any, or all, of these communications from Us by following the unsubscribe link or instructions provided in any email We send or by contacting Us.
We may use Email Marketing Service Providers to manage and send emails to You.
**Mailchimp**
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their Privacy policy: [https://mailchimp.com/legal/privacy/](https://mailchimp.com/legal/privacy/)
### SMS Marketing
We may use Your Personal Data to contact You with informational, marketing or promotional materials, communications on specific transactions and other information that may be of interest to You.
We may use SMS Marketing Service Providers to manage and send SMS messages to You.
**RingCentral**
RingCentral is an SMS text sending service provided by RingCentral, Inc..
For more information on the privacy practices of RingCentral, please visit their Privacy policy: https://www.ringcentral.com/legal/last-update-august-7-2023/privacy-notice.html
By providing your mobile number and clicking the “Yes, I consent” button, you consent to receiving text messages from ABL for informational and marketing purposes. Message and data rates may apply, and you may opt-out at any time by texting “STOP” in response to any text message. Your consent is not a condition of purchasing any goods or services. For a detailed listing of the type of personal information requested for our various products, please refer to the application page. Information obtained as a part of SMS consent is not shared with third parties or Affiliates
### Payments
We may provide paid products and/or services within the Service. In that case, we may use third-party services for payment processing (e.g. payment processors).
We will not store or collect Your payment card details. That information is provided directly to Our third-party payment processors whose use of Your personal information is governed by their Privacy Policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.
**NMI**
Their Privacy Policy can be viewed at [https://www.nmi.com/privacy-policy/](https://www.nmi.com/privacy-policy/)
When You use Our Service to pay a product and/or service via bank transfer, We may ask You to provide information to facilitate this transaction and to verify Your identity.
### Behavioral Remarketing
The Company uses remarketing services to advertise to You after You accessed or visited our Service. We and Our third-party vendors use cookies and non-cookie technologies to help Us recognize Your Device and understand how You use our Service so that We can improve our Service to reflect Your interests and serve You advertisements that are likely to be of more interest to You.
These third-party vendors collect, store, use, process and transfer information about Your activity on Our Service in accordance with their Privacy Policies and to enable Us to:
- Measure and analyze traffic and browsing activity on Our Service
- Show advertisements for our products and/or services to You on third-party websites or apps
- Measure and analyze the performance of Our advertising campaigns
Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit You to block such technologies. You can use the following third-party tools to decline the collection and use of information for the purpose of serving You interest-based advertising:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
You may opt-out of all personalized advertising by enabling privacy features on Your mobile device such as Limit Ad Tracking (iOS) and Opt Out of Ads Personalization (Android). See Your mobile device Help system for more information.
We may share information, such as hashed email addresses (if available) or other online identifiers collected on Our Service with these third-party vendors. This allows Our third-party vendors to recognize and deliver You ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the Privacy Policy of each vendor listed below.
The third-party vendors We use are:
**Google Ads (AdWords)**
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: [http://www.google.com/settings/ads](https://www.google.com/settings/ads)
Google also recommends installing the Google Analytics Opt-out Browser Add-on - [https://tools.google.com/dlpage/gaoptout](https://tools.google.com/dlpage/gaoptout) \- for your web browser. Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: [https://policies.google.com/privacy](https://policies.google.com/privacy)
## GDPR Privacy
### Legal Basis for Processing Personal Data under GDPR
We may process Personal Data under the following conditions:
- **Consent:** You have given Your consent for processing Personal Data for one or more specific purposes.
- **Performance of a contract:** Provision of Personal Data is necessary for the performance of an agreement with You and/or for any pre-contractual obligations thereof.
- **Legal obligations:** Processing Personal Data is necessary for compliance with a legal obligation to which the Company is subject.
- **Vital interests:** Processing Personal Data is necessary in order to protect Your vital interests or of another natural person.
- **Public interests:** Processing Personal Data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
- **Legitimate interests:** Processing Personal Data is necessary for the purposes of the legitimate interests pursued by the Company.
In any case, the Company will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of Personal Data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.
### Your Rights under the GDPR
The Company undertakes to respect the confidentiality of Your Personal Data and to guarantee You can exercise Your rights.
You have the right under this Privacy Policy, and by law if You are within the EU, to:
- **Request access to Your Personal Data.** The right to access, update or delete the information We have on You. Whenever made possible, you can access, update or request deletion of Your Personal Data directly within Your account settings section. If you are unable to perform these actions yourself, please contact Us to assist You. This also enables You to receive a copy of the Personal Data We hold about You.
- **Request correction of the Personal Data that We hold about You.** You have the right to have any incomplete or inaccurate information We hold about You corrected.
- **Object to processing of Your Personal Data.** This right exists where We are relying on a legitimate interest as the legal basis for Our processing and there is something about Your particular situation, which makes You want to object to our processing of Your Personal Data on this ground. You also have the right to object where We are processing Your Personal Data for direct marketing purposes.
- **Request erasure of Your Personal Data.** You have the right to ask Us to delete or remove Personal Data when there is no good reason for Us to continue processing it.
- **Request the transfer of Your Personal Data.** We will provide to You, or to a third-party You have chosen, Your Personal Data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which You initially provided consent for Us to use or where We used the information to perform a contract with You.
- **Withdraw Your consent.** You have the right to withdraw Your consent on using your Personal Data. If You withdraw Your consent, We may not be able to provide You with access to certain specific functionalities of the Service.
### Exercising of Your GDPR Data Protection Rights
You may exercise Your rights of access, rectification, cancellation and opposition by contacting Us. Please note that we may ask You to verify Your identity before responding to such requests. If You make a request, We will try our best to respond to You as soon as possible.
You have the right to complain to a Data Protection Authority about Our collection and use of Your Personal Data. For more information, if You are in the European Economic Area (EEA), please contact Your local data protection authority in the EEA.
## CCPA/CPRA Privacy Notice
This privacy notice section for California residents supplements the information contained in Our Privacy Policy and it applies solely to all visitors, users, and others who reside in the State of California.
### Categories of Personal Information Collected
We collect information that identifies, relates to, describes, references, is capable of being associated with, or could reasonably be linked, directly or indirectly, with a particular Consumer or Device. The following is a list of categories of personal information which we may collect or may have been collected from California residents within the last twelve (12) months.
Please note that the categories and examples provided in the list below are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact collected by Us, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been collected. For example, certain categories of personal information would only be collected if You provided such personal information directly to Us.
**Category A: Identifiers.**
Examples: A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, driver's license number, passport number, or other similar identifiers.
Collected: Yes.
**Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)).**
Examples: A name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information, medical information, or health insurance information. Some personal information included in this category may overlap with other categories.
Collected: Yes.
**Category C: Protected classification characteristics under California or federal law.**
Examples: Age (40 years or older), race, color, ancestry, national origin, citizenship, religion or creed, marital status, medical condition, physical or mental disability, sex (including gender, gender identity, gender expression, pregnancy or childbirth and related medical conditions), sexual orientation, veteran or military status, genetic information (including familial genetic information).
Collected: No.
**Category D: Commercial information.**
Examples: Records and history of products or services purchased or considered.
Collected: Yes.
**Category E: Biometric information.**
Examples: Genetic, physiological, behavioral, and biological characteristics, or activity patterns used to extract a template or other identifier or identifying information, such as, fingerprints, faceprints, and voiceprints, iris or retina scans, keystroke, gait, or other physical patterns, and sleep, health, or exercise data.
Collected: No.
**Category F: Internet or other similar network activity.**
Examples: Interaction with our Service or advertisement.
Collected: Yes.
**Category G: Geolocation data.**
Examples: Approximate physical location.
Collected: No.
**Category H: Sensory data.**
Examples: Audio, electronic, visual, thermal, olfactory, or similar information.
Collected: No.
**Category I: Professional or employment-related information.**
Examples: Current or past job history or performance evaluations.
Collected: No.
**Category J: Non-public education information (per the Family Educational Rights and Privacy Act (20 U.S.C. Section 1232g, 34 C.F.R. Part 99)).**
Examples: Education records directly related to a student maintained by an educational institution or party acting on its behalf, such as grades, transcripts, class lists, student schedules, student identification codes, student financial information, or student disciplinary records.
Collected: No.
**Category K: Inferences drawn from other personal information.**
Examples: Profile reflecting a person's preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.
Collected: No.
**Category L: Sensitive personal information.**
Examples: Account login and password information, geolocation data.
Collected: Yes.
Under CCPA/CPRA, personal information does not include:
- Publicly available information from government records
- Deidentified or aggregated consumer information
- Information excluded from the CCPA/CPRA's scope, such as:
- Health or medical information covered by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and the California Confidentiality of Medical Information Act (CMIA) or clinical trial data
- Personal Information covered by certain sector-specific privacy laws, including the Fair Credit Reporting Act (FRCA), the Gramm-Leach-Bliley Act (GLBA) or California Financial Information Privacy Act (FIPA), and the Driver's Privacy Protection Act of 1994
### Sources of Personal Information
We obtain the categories of personal information listed above from the following categories of sources:
- **Directly from You**. For example, from the forms You complete on our Service, preferences You express or provide through our Service, or from Your purchases on our Service.
- **Indirectly from You**. For example, from observing Your activity on our Service.
- **Automatically from You**. For example, through cookies We or our Service Providers set on Your Device as You navigate through our Service.
- **From Service Providers**. For example, third-party vendors to monitor and analyze the use of our Service, third-party vendors to deliver targeted advertising to You, third-party vendors for payment processing, or other third-party vendors that We use to provide the Service to You.
### Use of Personal Information
We may use or disclose personal information We collect for "business purposes" or "commercial purposes" (as defined under the CCPA/CPRA), which may include the following examples:
- To operate our Service and provide You with Our Service.
- To provide You with support and to respond to Your inquiries, including to investigate and address Your concerns and monitor and improve our Service.
- To fulfill or meet the reason You provided the information. For example, if You share Your contact information to ask a question about our Service, We will use that personal information to respond to Your inquiry. If You provide Your personal information to purchase a product or service, We will use that information to process Your payment and facilitate delivery.
- To respond to law enforcement requests and as required by applicable law, court order, or governmental regulations.
- As described to You when collecting Your personal information or as otherwise set forth in the CCPA/CPRA.
- For internal administrative and auditing purposes.
- To detect security incidents and protect against malicious, deceptive, fraudulent or illegal activity, including, when necessary, to prosecute those responsible for such activities.
- Other one-time uses.
Please note that the examples provided above are illustrative and not intended to be exhaustive. For more details on how we use this information, please refer to the "Use of Your Personal Data" section.
If We decide to collect additional categories of personal information or use the personal information We collected for materially different, unrelated, or incompatible purposes We will update this Privacy Policy.
### Disclosure of Personal Information
We may use or disclose and may have used or disclosed in the last twelve (12) months the following categories of personal information for business or commercial purposes:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact disclosed, but reflects our good faith belief to the best of our knowledge that some of that information from the applicable category may be and may have been disclosed.
When We disclose personal information for a business purpose or a commercial purpose, We enter a contract that describes the purpose and requires the recipient to both keep that personal information confidential and not use it for any purpose except performing the contract.
### Share of Personal Information
We may share, and have shared in the last twelve (12) months, Your personal information identified in the above categories with the following categories of third parties:
- Service Providers
- Payment processors
- Our affiliates
- Our business partners
- Third party vendors to whom You or Your agents authorize Us to disclose Your personal information in connection with products or services We provide to You
### Sale of Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
We may sell and may have sold in the last twelve (12) months the following categories of personal information:
- Category A: Identifiers
- Category B: Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e))
- Category D: Commercial information
- Category F: Internet or other similar network activity
Please note that the categories listed above are those defined in the CCPA/CPRA. This does not mean that all examples of that category of personal information were in fact sold, but reflects our good faith belief to the best of Our knowledge that some of that information from the applicable category may be and may have been shared for value in return.
### Sale of Personal Information of Minors Under 16 Years of Age
We do not knowingly collect personal information from minors under the age of 16 through our Service, although certain third party websites that we link to may do so. These third-party websites have their own terms of use and privacy policies and We encourage parents and legal guardians to monitor their children's Internet usage and instruct their children to never provide information on other websites without their permission.
We do not sell the personal information of Consumers We actually know are less than 16 years of age, unless We receive affirmative authorization (the "right to opt-in") from either the Consumer who is between 13 and 16 years of age, or the parent or guardian of a Consumer less than 13 years of age. Consumers who opt-in to the sale of personal information may opt-out of future sales at any time. To exercise the right to opt-out, You (or Your authorized representative) may submit a request to Us by contacting Us.
If You have reason to believe that a child under the age of 13 (or 16) has provided Us with personal information, please contact Us with sufficient detail to enable Us to delete that information.
### Your Rights under the CCPA/CPRA
The CCPA/CPRA provides California residents with specific rights regarding their personal information. If You are a resident of California, You have the following rights:
- **The right to notice.** You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
- **The right to know/access.** Under CCPA/CPRA, You have the right to request that We disclose information to You about Our collection, use, sale, disclosure for business purposes and share of personal information. Once We receive and confirm Your request, We will disclose to You:
- The categories of personal information We collected about You
- The categories of sources for the personal information We collected about You
- Our business or commercial purposes for collecting or selling that personal information
- The categories of third parties with whom We share that personal information
- The specific pieces of personal information We collected about You
- If we sold Your personal information or disclosed Your personal information for a business purpose, We will disclose to You:
- The categories of personal information categories sold
- The categories of personal information categories disclosed
- **The right to say no to the sale or sharing of Personal Data (opt-out).** You have the right to direct Us to not sell Your personal information. To submit an opt-out request, please see the "Do Not Sell My Personal Information" section or contact Us.
- **The right to correct Personal Data.** You have the right to correct or rectify any inaccurate personal information about You that We collected. Once We receive and confirm Your request, We will use commercially reasonable efforts to correct (and direct our Service Providers to correct) Your personal information, unless an exception applies.
- **The right to limit use and disclosure of sensitive Personal Data.** You have the right to request to limit the use or disclosure of certain sensitive personal information We collected about You, unless an exception applies. To submit, please see the "Limit the Use or Disclosure of My Sensitive Personal Information" section or contact Us.
- **The right to delete Personal Data.** You have the right to request the deletion of Your Personal Data under certain circumstances, subject to certain exceptions. Once We receive and confirm Your request, We will delete (and direct Our Service Providers to delete) Your personal information from our records, unless an exception applies. We may deny Your deletion request if retaining the information is necessary for Us or Our Service Providers to:
- Complete the transaction for which We collected the personal information, provide a good or service that You requested, take actions reasonably anticipated within the context of our ongoing business relationship with You, or otherwise perform our contract with You.
- Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities.
- Debug products to identify and repair errors that impair existing intended functionality.
- Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law.
- Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 et. seq.).
- Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if You previously provided informed consent.
- Enable solely internal uses that are reasonably aligned with consumer expectations based on Your relationship with Us.
- Comply with a legal obligation.
- Make other internal and lawful uses of that information that are compatible with the context in which You provided it.
- **The right not to be discriminated against.** You have the right not to be discriminated against for exercising any of Your consumer's rights, including by:
- Denying goods or services to You
- Charging different prices or rates for goods or services, including the use of discounts or other benefits or imposing penalties
- Providing a different level or quality of goods or services to You
- Suggesting that You will receive a different price or rate for goods or services or a different level or quality of goods or services
### Exercising Your CCPA/CPRA Data Protection Rights
Please see the "Do Not Sell My Personal Information" section and "Limit the Use or Disclosure of My Sensitive Personal Information" section for more information on how to opt out and limit the use of sensitive information collected.
Additionally, in order to exercise any of Your rights under the CCPA/CPRA, and if You are a California resident, You can contact Us:
- By email: legal@abl1.net
Only You, or a person registered with the California Secretary of State that You authorize to act on Your behalf, may make a verifiable request related to Your personal information.
Your request to Us must:
- Provide sufficient information that allows Us to reasonably verify You are the person about whom We collected personal information or an authorized representative
- Describe Your request with sufficient detail that allows Us to properly understand, evaluate, and respond to it
We cannot respond to Your request or provide You with the required information if We cannot:
- Verify Your identity or authority to make the request
- And confirm that the personal information relates to You
We will disclose and deliver the required information free of charge within 45 days of receiving Your verifiable request. The time period to provide the required information may be extended once by an additional 45 days when reasonably necessary and with prior notice.
Any disclosures We provide will only cover the 12-month period preceding the verifiable request's receipt.
For data portability requests, We will select a format to provide Your personal information that is readily usable and should allow You to transmit the information from one entity to another entity without hindrance.
### Do Not Sell My Personal Information
As defined in the CCPA/CPRA, "sell" and "sale" mean selling, renting, releasing, disclosing, disseminating, making available, transferring, or otherwise communicating orally, in writing, or by electronic or other means, a Consumer's personal information by the Business to a third party for valuable consideration. This means that We may have received some kind of benefit in return for sharing personal information, but not necessarily a monetary benefit.
We do not sell personal information as the term sell is commonly understood. We do allow Service Providers to use Your personal information for the business purposes described in Our Privacy Policy, for activities such as advertising, marketing, and analytics, and these may be deemed a sale under CCPA/CPRA.
You have the right to opt-out of the sale of Your personal information. Once We receive and confirm a verifiable consumer request from You, we will stop selling Your personal information. To exercise Your right to opt-out, please contact Us.
The Service Providers we partner with (for example, our analytics or advertising partners) may use technology on the Service that sells personal information as defined by the CCPA/CPRA law. If you wish to opt out of the use of Your personal information for interest-based advertising purposes and these potential sales as defined under CCPA/CPRA law, you may do so by following the instructions below.
Please note that any opt out is specific to the browser You use. You may need to opt out on every browser that You use.
#### Website
If applicable, click "Privacy Preferences", "Update Privacy Preferences" or "Do Not Sell My Personal Information" buttons listed on the Service to review your privacy preferences and opt out of cookies and other technologies that We may use. Please note that You will need to opt out from each browser that You use to access the Service.
Additionally, You can opt out of receiving ads that are personalized as served by our Service Providers by following our instructions presented on the Service:
- The NAI's opt-out platform: [http://www.networkadvertising.org/choices/](http://www.networkadvertising.org/choices/)
- The EDAA's opt-out platform [http://www.youronlinechoices.com/](http://www.youronlinechoices.com/)
- The DAA's opt-out platform: [http://optout.aboutads.info/?c=2&lang=EN](http://optout.aboutads.info/?c=2&lang=EN)
The opt out will place a cookie on Your computer that is unique to the browser You use to opt out. If you change browsers or delete the cookies saved by your browser, You will need to opt out again.
#### Mobile Devices
Your mobile device may give You the ability to opt out of the use of information about the apps You use in order to serve You ads that are targeted to Your interests:
- "Opt out of Interest-Based Ads" or "Opt out of Ads Personalization" on Android devices
- "Limit Ad Tracking" on iOS devices
You can also stop the collection of location information from Your mobile device by changing the preferences on Your mobile device.
### Limit the Use or Disclosure of My Sensitive Personal Information
If You are a California resident, You have the right to limit the use and disclosure of Your sensitive personal information to that use which is necessary to perform the services or provide the goods reasonably expected by an average Consumer who requests such services or goods.
We collect, use and disclose sensitive personal information in ways that are necessary to provide the Service. For more information on how We use Your personal information, please see the "Use of Your Personal Data" section or contact us.
## "Do Not Track" Policy as Required by California Online Privacy Protection Act (CalOPPA)
Our Service does not respond to Do Not Track signals.
However, some third party websites do keep track of Your browsing activities. If You are visiting such websites, You can set Your preferences in Your web browser to inform websites that You do not want to be tracked. You can enable or disable DNT by visiting the preferences or settings page of Your web browser.
## Your California Privacy Rights (California's Shine the Light law)
Under California Civil Code Section 1798 (California's Shine the Light law), California residents with an established business relationship with us can request information once a year about sharing their Personal Data with third parties for the third parties' direct marketing purposes.
If you'd like to request more information under the California Shine the Light law, and if You are a California resident, You can contact Us using the contact information provided below.
## California Privacy Rights for Minor Users (California Business and Professions Code Section 22581)
California Business and Professions Code Section 22581 allows California residents under the age of 18 who are registered users of online sites, services or applications to request and obtain removal of content or information they have publicly posted.
To request removal of such data, and if You are a California resident, You can contact Us using the contact information provided below, and include the email address associated with Your account.
Be aware that Your request does not guarantee complete or comprehensive removal of content or information posted online and that the law may not permit or require removal in certain circumstances.
## Children's Privacy
Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.
If We need to rely on consent as a legal basis for processing Your information and Your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.
## Links to Other Websites
Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.
We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.
## Changes to this Privacy Policy
We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.
We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.
You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.
## Contact Us
If you have any questions about this Privacy Policy, You can contact us:
- By email: legal@abl1.net
[Close](https://www.ablfunding.com/loan-application/#)
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")201-942-9089 [info@abl1.net](mailto:info@abl1.net)
# Hard Money Lenders for First Time Real Estate Investors
## New to real estate investing? _We’ve got you covered._
Asset Based Lending understands that everyone starts somewhere- that’s why we work with first time real estate investors. From [fix and flips](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/) to [rental property](https://www.ablfunding.com/loan-programs/rental-loans/), ABL specializes in helping investors of all experience levels. Most [hard money lenders](https://www.ablfunding.com/) won’t work with first timer investors because of the greater risk compared to lending to an experienced investor with a proven track record.
As investors ourselves, we have a deep understanding of what makes a good deal and whether an investor’s plan makes sense, including their budget, scope of work, time frame, etc. By focusing on the asset at hand and utilizing flexible underwriting instead of a one-size-fits-all loan approach, ABL feels comfortable partnering with new investors. As the best hard money lenders for first time investors, we believe that with the right plan and the right resources, first time real estate investors can grow alongside us and scale their business.
First Time Real Estate Investor? Here's How ABL Can Help! - YouTube
Asset Based Lending, LLC
584 subscribers
[First Time Real Estate Investor? Here's How ABL Can Help!](https://www.youtube.com/watch?v=5-SMsV6FyNk)
Asset Based Lending, LLC
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[Watch on](https://www.youtube.com/watch?v=5-SMsV6FyNk&embeds_referring_euri=https%3A%2F%2Fwww.ablfunding.com%2F)
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•
[Watch on YouTube](https://www.youtube.com/watch?v=5-SMsV6FyNk "Watch on YouTube")
How Does It Work?
### Initial Contact
First, you’ll speak to an experienced loan officer at Asset Based Lending. They’ll discuss the details of your upcoming project and ask about your current credit score and capital liquidity. If you need a proof of funds to acquire the property, we can assist with that as well. After a 10 minute conversation, we’ll be able to assess whether we can finance your investment or not. If things look good, we can take your information and move your loan into Underwriting.
### Underwriting
**If the loan request meets our basic underwriting criteria, we will ask the borrower to:**
- Fill out a loan application
- Provide a purchase contract for the property
- Provide a written anticipated scope of work for the property
Once the above is completed, we will schedule an appraiser to inspect and appraise the property. After we receive all paperwork, we can close your loan!
### Loan Closing
There are typically two closing transactions that occur – the property purchase and the loan settlement. With respect to the loan settlement, our borrowers will be required to sign a variety of loan related documents which will include (but are not limited to) a mortgage, note, security agreement, personal guarantee, investment affidavit and assignment of rents and leases. We will have already sent loan proceeds to the settlement agent, so after all the documents are signed and reviewed by the various parties to the loan, we will approve disbursement of loan proceeds to the appropriate party.
### Servicing (Draw Management)
On a rehabilitation or [new construction loan](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/), we will release the portion of the loan dedicated to the renovation or construction project in stages. Each installment will be released to the borrower’s (entity) bank account at the completion of a particular draw stage upon completed inspection of work. Generally, the period of time between initial draw request and money being wired is 3-4 days. In addition to draw management, ABL services the loan by providing support for requests related to insurance issues and interest payments.
[Loan Programs](https://www.ablfunding.com/loan-programs/)
## Free Resources For Real Estate Investors
### Hard Money Deal Calculator
Before jumping into a deal, it’s important to have a firm understanding of the entire deal scenario. Use our free fix and flip deal estimator to crunch the numbers and evaluate your potential deals.
[Use the calculator](https://www.ablfunding.com/hard-money-loan-deal-calculator/)
### Video Guide to ABL
We put together a video series that helps new real estate investors, or just investors new to ABL, understand our process and how to best utilize their new hard money lending team.
[Browse video guide](https://www.ablfunding.com/case-studies/faq/video-guide-to-abl/)
### Real Estate Blog
From interior design trends to real estate market analysis and everything in-between, the ABL blog covers a wide variety of real estate investing topics and industry news.
[Read the blog](https://www.ablfunding.com/blog/)
### FAQs
Get answers to the most commonly asked ABL and hard money lending related questions.
[View FAQs](https://www.ablfunding.com/case-studies/faq/)
### Case Studies
Get inspired by real estate investors before you. Review deal scenarios, outcomes, and before/after pictures.
[See case studies](https://www.ablfunding.com/case-studies/)
### Recently Funded
Updated every month with the deal economics & pictures from some of our recently funded hard money loans.
[See deals](https://www.ablfunding.com/case-studies/recently-funded/)
### Tips For Flips
Join over 1,000 real estate investors who get bite-sized fix and flip tips in their inbox each day! Smarter investing through 21 tips in 21 days.
[Sign up now](https://www.ablfunding.com/tips-for-flips/)
### Videos
Browse our extensive library of videos including partner interviews, before & afters, and educational sessions.
[Browse video library](https://www.youtube.com/channel/UC7jqn4VYsfPVOIVrfoUpP1w/videos)
### Ebooks & Whitepapers
Written by the expert team at ABL, with the help of top real estate professionals, these free educational materials provide a solid foundation for investors seeking to improve their business.
[Browse library](https://www.ablfunding.com/fix-flip-resources/real-estate-ebooks-whitepapers/)
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
Asset Based Lending, LLC
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•
[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
“They’re more than just a lender to me, **they’re a partner of mine.**“
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
ABL Borrower Review — Ameer - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review — Ameer](https://www.youtube.com/watch?v=yX550_W9v9g)
Asset Based Lending, LLC
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•
[Watch on YouTube](https://www.youtube.com/watch?v=yX550_W9v9g "Watch on YouTube")
“Anyone who wants to get into this business, **go with ABL. They’re the best.**“
Ameer is a police officer looking to retire early through real estate investing. Hear how ABL is helping him succeed with his plan.
### Experience The ABL Difference
See why thousands of local real estate investors trust ABL to be their real estate financing partner.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
Recently Funded First-Timer Projects
## [Rahway New Jersey Mixed Use Renovate-To-Rent](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
**Borrower Profile:** First-Time Borrower – First-Time Investor
**Work Description:** Cosmetic Renovation – Mixed Use
**Purchase Price:** $375,000
**Renovation Budget:** $65,000
**Loan Amount:** $185,000
**Loan Purpose:** Loan Refinance & Property Rehabilitation
**ARV:** $780,000
[View Deal Info](https://www.ablfunding.com/casestudy/rahway-new-jersey-mixed-use-fix-and-flip-loan/)
## [Middletown New York Fix And Flip](https://www.ablfunding.com/casestudy/middletown-new-york-fix-and-flip-loan/)
**Borrower Profile:** First Time Borrower – First Time Real Estate Investor
**Work Description:** Fix And Flip – 3 Single Family
**Purchase Price:** $190,000
**Renovation Budget:** $55,000
**Loan Amount:** $196,000
**Loan Purpose:** Property Purchase & Rehabilitation
**ARV:** $335,000
[View Deal Info](https://www.ablfunding.com/casestudy/middletown-new-york-fix-and-flip-loan/)
## [Durham North Carolina Fix And Flip](https://www.ablfunding.com/casestudy/durham-north-carolina-fix-and-flip-loan/)
**Borrower Profile:** First Time Borrower – First Time Real Estate Investor
**Work Description:** Fix And Flip — Single Family
**Purchase Price:** $310,000
**Renovation Budget:** $25,000
**Loan Amount:** $257,000
**Loan Purpose:** Property Purchase & Rehabilitation
**ARV:** $406,000
[View Deal Info](https://www.ablfunding.com/casestudy/durham-north-carolina-fix-and-flip-loan/)
## [Jacksonville Florida Renovate-To-Rent](https://www.ablfunding.com/casestudy/jacksonville-florida-fix-and-flip-loan/)
**Borrower Profile:** First Time Borrower – First Time Real Estate Investor
**Work Description:** Cosmetic Renovation — Triplex
**Purchase Price:** $85,000
**Renovation Budget:** $32,760
**Loan Amount:** $98,000
**Loan Purpose:** Purchase & Rehab
**ARV:** $156,000
[View Deal Info](https://www.ablfunding.com/casestudy/jacksonville-florida-fix-and-flip-loan/)
[Previous](https://www.ablfunding.com/first-time-real-estate-investors/#) [Next](https://www.ablfunding.com/first-time-real-estate-investors/#)
[1](https://www.ablfunding.com/first-time-real-estate-investors/#) [2](https://www.ablfunding.com/first-time-real-estate-investors/#) [3](https://www.ablfunding.com/first-time-real-estate-investors/#) [4](https://www.ablfunding.com/first-time-real-estate-investors/#)
Review Title
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4.9 star rating 525 Reviews
[See All Reviews](https://www.ablfunding.com/about/reviews/)
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 07/18/24
Awesome to work with
Kyle, Tyler, and the entire team has been super easy to work with. I look hard for good people to work with and stay loyal once I ...
Read More
Paul R.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
ABL Funding & Support
The ABL team is a very customer/client centric team with great response to the needs of their clients and flawless execution for b...
Read More
MarcNelson S.
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Professional and quick lender
Working with ABL has been rather easy and straightforward. We have worked with several lenders, but for our new venture of buildin...
Read More
Meritproperties
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Feedback on ABL
I've been working with ABL for 5-7 years, and my recent experience with Paul Lewis was exceptional. Paul demonstrated a high level...
Read More
Paul
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/04/24
Developer & Builder
This firm gets all my business! I've worked with a few other lenders but none as efficient, effective and consistent as ABL. They'...
Read More
Ty G.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 06/03/24
Smooth and easy
I have been working with ABL for the past 1.5 years, they are great people to work with. Andrew Whitmire is my loan officer who is...
Read More
Pradip D.
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/05/24
Managing Director
Working with Seth has been a breath of fresh air compared to other lenders we've worked with in the past. Responsive and attentive...
Read More
SWD
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
5.0 star rating 08/03/24
Seth is great!
It's always a pleasure working with Seth. I highly recommend Asset Based Lending.
Jamila
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## Why Choose ABL?
ABL isn’t just a hard money lender- we’re also real estate investors. We understand what investors are looking for in their hard money loans, needing quick and reliable financing to ensure their projects are successful and allowing them the ability to scale their business. Our team is fully in-house, from underwriting to draw management, which lets us guarantee a five-star experience for every borrower.
## Are These Private Money Loans?
These are private hard money loans, and we are a private hard money lender. As a private lender, we use flexible underwriting to help a wider range of real estate investors than other lenders limited by outside factors. This allows us to work with investors of all experience levels.
## How Do I Get Better Interest Rates For My Loan?
New investors aren’t eligible for our best possible rates and terms, as the increased risk means more conservative lending. However, ABL scales with our investors, offering better rates and leverage after completing round-trip deals with us which helps our borrowers to continuously grow their business. The more deals you do with us, the better your loan terms become, so you’ll always receive better rates on your next project!
## How Does ABL Work With First Timers?
As a direct hard money lender with full control of our capital, we’re able to thoroughly examine every deal and determine its viability. We make sure our minimum loan criteria is met, as well as our minimum requirement for credit score and borrower liquidity, and ensure that the project’s scope of work is reasonable. If the deal checks all of these boxes, we’re ready to move forward, regardless of experience level.
## Hard Money Loans For First Time Investors
Many hard money lenders avoid working with first time investors due to the increased risk- no proven experience makes the loans more unpredictable than lending to an experienced investor. At Asset Based Lending, we understand that everyone starts somewhere, and we structured a program that allows us to offer first time investors the same hard money loans that our experienced borrowers receive, along with the same five-star experience. Whether its bridge loans for fix and flips or buy & hold rental loans, we offer programs that help real estate investors finance their first project.
Getting through your first project is a major accomplishment, and choosing the right lender can make the difference between a financial success and a huge headache. Our hard money loans for first time real estate investors are designed to be as fast and easy as possible, offering flexible terms to match the project at hand. Whether you need higher leverage, lower interest rate, zero points, or something else, ABL can structure our deals to provide you the most profitable loan. If you’re a first time investor seeking hard money lending, then contact us today.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")
# Wisconsin
## Wisconsin Fix and Flip, New Construction, & Rental Financing
Asset Based Lending is the premier Wisconsin hard money lender, bringing over a decade of loan experience and thousands of projects funded for a totaling $2B. We offer hard money loans in Wisconsin for fix and flips and new construction, as well as [cash out refinances](https://www.ablfunding.com/loan-programs/cash-out-refinance-hard-money-loans/) and term rental loans. ABL specializes in quick closings, approving loans as fast as 24 hours and closing as little as two days with the appropriate paperwork. We focus on flexible underwriting to provide a variety of hard money loan options to best suit your project, whether you’re looking for lowest interest rate, maximum leverage, zero points, or something else.
ABL loans are fully serviced in-house, from the underwriting to the draw management, guaranteeing every ABL borrower a five-star experience from the first call to the final payoff. Our team are experts in local WI real estate, understanding the investment needs of a fix and flip in Madison are much different than a Milwaukee new construction loan. We assess each deal off the viability of the property along with the borrower’s experience level to determine the best rates for your hard money loan. Fast closings, flexible underwriting, local knowledge, and a streamlined loan process- that’s the ABL Difference. Contact us today to be approved for your Wisconsin hard money loan.
## The Most Reliable Hard Money Lender in Wisconsin
Asset Based Lending started in 2010 as a local hard money lender in Jersey City, [New Jersey](https://www.ablfunding.com/where-we-lend/hard-money-lending-new-jersey/). After 14 years and more than $2B in projects funded, ABL is now the premier direct lender for real estate investors across the country. As trusted and experienced lenders, we pride ourselves on the strong business relationships we’ve built with the best local appraisers, attorneys, and title agents in the Wisconsin real estate markets. These relationships help us deliver a smooth and easy loan process from start to finish, so you can focus on your project while we focus on everything else.
As investors ourselves, we understand what borrowers need to close their loans and complete a successful real estate investment. ABL uses flexible underwriting and quick closings to provide the most reliable hard money loans for WI real estate investors. We value transparency, with no hidden fees or surprise costs at any point of the loan and direct access to decision makers whenever you have a question or concern. With hundreds of and more than half of our borrowers returning for repeat business, its clear that Asset Based Lending is the best hard money lender Wisconsin has to offer.
**Prequalify Today** [Get approved for your next project](https://archive.abl1.net/loan-programs/loan-pre-qualification/), or learn more about our various loan programs below:
- [Fix and Flip](https://www.ablfunding.com/loan-programs/fix-flip-hard-money-loans/)
- [New Construction](https://www.ablfunding.com/loan-programs/hard-money-loans-new-construction/)
- [Rental Loans](https://www.ablfunding.com/loan-programs/rental-loans/)
Seth Blumenthal
Loan Officer
[(201) 942-9089](tel:(201) 942-9089) [sales@abl1.net](mailto:sales@abl1.net) [View Bio](https://www.ablfunding.com/where-we-lend/wisconsin/#)
**ABL Lends in:**
ABL lends in all of Wisconsin, pending property and borrower underwriting
Seth Blumenthal
Loan Officer
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
ABL Borrower Review - Harry A - YouTube
Asset Based Lending, LLC
584 subscribers
[ABL Borrower Review - Harry A](https://www.youtube.com/watch?v=81_7T1msqzk)
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[Watch on](https://www.youtube.com/watch?v=81_7T1msqzk&embeds_referring_euri=https%3A%2F%2Fwww.ablfunding.com%2F)
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[Watch on YouTube](https://www.youtube.com/watch?v=81_7T1msqzk "Watch on YouTube")
“They’re more than just a lender to me,
They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
[Get Started Today](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
WI Real Estate Market Highlights
#### AVG HOME SALE PRICE
$332,000
+8.1% YOY, June 2024
#### AVG DAYS ON MARKET
42 Days
June 2024
#### INCREASE IN SINGLE FAMILY BUILDS
\+ 19%
YOY Increase, Q2 2024
#### AVG FIX & FLIP REVENUE
$59,000
2024
#### POPULATION GROWTH
\+ 3.5%
2010 – 2024
#### HOMES SOLD
3,505
June 2024
Wisconsin Hard Money Loans For Real Estate Investors
### Quick Closing Fix and Flip Loans
Asset Based Lending partners with real estate investors that know how to transform a distressed or mundane property into a gorgeous home and sell it for a higher value. We understand that most investors don’t have the capital to fund these major rehab projects, so we offer hard money fix and flip loans for real estate investors in Wisconsin. These 12-month [bridge loans](https://www.ablfunding.com/loan-programs/stabilized-bridge-loans/) are meant to finance the purchase and rehab of the property, allowing investors to complete their project and earn a profit based on the final sale of the property. ABL flip loans provide funding up to 90% of property purchase price and 100% of the rehab costs. Whether you’re flipping your first property or are a full-time flipper, ABL is ready to finance your next success.
ABL understands that speed and reliability are what investors need from hard money lenders so we specialize in closing deals as quickly as 10 days or less, with loan approval in just 24 hours. We offer flexible underwriting for our flip loans so borrowers can choose lower interest rates, maximum leverage, zero points, or another option that suits their needs. Our team are experts in local real estate in Wisconsin, understanding that a single-family flip in Milwaukee needs different criteria than a multi-family flip in Madison. Whether you’re flipping your first property or are a full-time flipper, ABL is ready to finance your next success. Click here to learn more about our Wisconsin [fix and flip loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-fix-and-flip-loans/).
### Reliable New Construction Loans for Experienced Investors
Housing inventory is at record-lows across Wisconsin, which means demand for residential new construction is peaking. ABL provides [hard money loans](https://www.ablfunding.com/loan-programs/) for new construction to real estate investors that want competitive interest rates, flexible underwriting, and fast draw turnarounds. Our hard money new construction loans are only available to experienced investors, builders, and contractors who have recent experience with new construction. These new construction loans allow investors to borrow up to 90% of the land value and 100% of the construction costs.
ABL tailors each new construction loan to match the specific project, providing loan flexibility that’s unmatched by other hard money lenders. We assess the investor’s experience level and viability of the proposed build to ensure the deal is profitable for all parties. Click here to learn more details about our WI [new construction loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-new-construction-loans/).
### Rental Loans For BRRRR Investors
Asset Based Lending offers the most reliable and straightforward rental loans Wisconsin has to offer. These private rental loans are meant for buy and hold investors that want to secure 1-8 family properties. We offer competitive terms with rates starting as low as 5% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options.
We provide single rental loans up to a cap of $3M and rental portfolio loans up to $3M. These loans for rental property are available to real estate investors of all experience levels, assessing each deal based on the income-producing viability of the property. The ABL team are experts in the local Wisconsin real estate markets, which helps us deliver a five-star experience to each of our borrowers throughout the loan process. If you’re ready to grow your real estate business with our WI [rental loans](https://www.ablfunding.com/where-we-lend/wisconsin/wisconsin-rental-loans/), contact us today.
Why Choose ABL?
#### We are Local Private Hard Money Lenders
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
#### We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
#### We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
#### We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
[Asset Based Lending, LLC](https://www.ablfunding.com/) was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently [received praise](https://www.ablfunding.com/about/testimonials/) from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our [Pre-Qualification form](https://www.ablfunding.com/loan-programs/loan-pre-qualification/) to start the process.
Get Started
[Prequalify Now](https://www.ablfunding.com/loan-programs/loan-pre-qualification/)
[Call Us Now](tel:1-201-942-9089)
[Email Us Now](https://www.ablfunding.com/about/contact-us/)
[PREQUALIFY TODAY](https://www.ablfunding.com/loan-programs/loan-pre-qualification/ "Prequalify Today")