loading
reading
writing
saving
searching
Rates have dropped! Get a quote on a rehab or long term loan today! (Norfolk)
QR Code Link to This Post
An overview of our popular lending solutions:
✦Fix and flip loans and lines of credit
9.99-11.99% Interest only, no prepayment penalty
Up to 90% LTV for purchase and 100% rehab provided
Minimum purchase price $62,500
Minimum credit score 600
✦ Unsecured business line of credit: FICO 650+
12mos 0% introductory period for 1 year up to $200k
Closing in 3-5 days -No tax returns needed
✦Cash out refinance up to 75% LTV
Non-owner occupied, one to four unit
✦ Buy/Hold for Long term Rentals- fixed or ARM 3,5,7,30 years
30-year amortization available-Rates from 6.37%
✦Business Loan
Time in business must be 6+ months
Min. monthly deposits $10k
Min credit 600
DSCR Rates Just Dropped To Their Lowest in Almost A Year
DSCR rental loan rates to as low as 6.375%*. That’s the lowest rate in nearly a year, so now’s the perfect time to refinance their recent flips and increase cash flow
Here are some of the top reasons to do rental property financing with Abel:
Cash-out refinances after a property is owned for 90 days or is free and clear
Flexible DSCRs as low as 0.8X
No hard credit pulls
No leases or capex reserves/minimum liquidity required
Flexible prepayment options with varying term lengths and step-downs
5/1 ARM, 7/1 ARM, 30-year fixed, and interest-only options
Purchase, delayed purchase, rate/term refinance, and cash-out refinance options
Single-family homes, attached/detached PUDs, 2-4 units, and condos
Whether you’re buying your first rental property, growing your portfolio, or simply refinance with a lower rate (finally!), We can help! Take advantage of these lower rates before the market moves back up – lock in today!
Ask for Bennett at Abel Commercial Funding-301-200-9801
www.abelfunding.com