Kentucky Fix and Flip Loans
The Most Reliable Kentucky And Flip Loans
Asset Based Lending provides fast and simple fix and flip loans for Kentucky real estate investors. These 12-month interest-only bridge loans are designed for fix and flip investors that need extra capital to purchase the property and complete their renovation before selling for a profit. Investors of all experience levels have access to this financing for flipping houses in Kentucky, whether you’re working on your first fix and flip in Lexington or you’re a seasoned pro flipping several homes a year in Louisville.
ABL flip loans are Kentucky’s favorite because of:
- Quick closing – as fast as 2 days with appropriate paperwork
- Flexible underwriting – products designed for investors
- No prepayment penalties – never punished for a fast flip
- Full service – a one-stop shop for all your lending needs
Fix and Flip Loans in Kentucky
| Experience | Credit Score Minimum | Interest Rate | Points | Advance Rate On Purchase | Advance Rate On Rehab | ARV | Property Types | Pre-Pay Penalty | Extensions | Blanket Loans | Loan Size | Loan Terms |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Any | 660 | 9.5%-15% | 0-2% | Up to 85% | 100% | Up to 70% | Single Family, Multi Family, Mixed Use | No | Available | Yes | $75K - $3.5M | 12 Months |
Closing Speed
Underwriting Flexibility
Competitive Rates
ABL funds fix and flip investments at interest rates starting at 9.5% with a little as 0–2% points, and repeat borrowers receive preferred pricing. Loan amounts range from $75K to $2.5M.
Same Day Pre-Approval. Up To 95% LTC.
Kentucky Fix And Flips Are Thriving
Kentucky is one of the many states experiencing a surge in its real estate markets due to low housing inventory and rising demand, which is helping fix and flip investors. The average revenue for Kentucky fix and flips reached $72,400 during 2021. As of May 2022, the average home sale price for Kentucky reached $249,900 which is a 14% increase year over year and highlights the real estate growth throughout the state. Homes are only spending an average of 14 days on market, which benefits fix and flip investors looking to unload their project quickly and move on to the next one.
Currently, only a one-month supply of homes are available throughout the state. For context, a healthy market typically has a minimum three-month supply of homes available, meaning the state is struggling to meet buyer demand. The most competitive markets right now for real estate investors are Elsmere, Oakbrook, Florence, and Southgate, so investors should check out these areas when thinking of their next project. Asset Based Lending offers quick and reliable fix and flip loans for Kentucky real estate investors, allowing them to remain competitive in these markets and secure deals they would otherwise miss out on.
How Kentucky Investors Finance Their Fix And Flips
There’s no shortage of ways for investors to finance their acquisition and rehab projects, however not all financing from fix and flip lenders in Kentucky 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 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 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 Kentucky fix and flips, then contact us today.
Kentucky Investors Trust ABL Fix And Flip Loans
Its important to do your research when looking for project funding, as choosing the right financing partner can make a big difference. Fix and flip investors know the phrase “time is money” is true- being able to close loans quickly and get their project moving means money in their pocket. That’s why Asset Based Lending focuses on fast and reliable closings, with loan approval within 24 hours and an average loan closing of only 10 days. By working to get deals done fast, we’re able to help real estate investors scale their business quicker than any other hard money lender.
Our Kentucky flip loans are borrower-friendly thanks to the flexible underwriting we use to provide the best loan terms to match your project, whether you’re looking for maximum leverage, lower interest rate, zero points, or something else. ABL’s mission is to help you keep more of your money with no prepayment penalties and offering better terms with every completed deal, scaling alongside you. With over $2B in loan originations and over 500 five-star reviews, its clear that investors love our hard money loans. Contact us today to get started with the best Kentucky fix and flip loans.
