Renovate & Rent – One Stop Shop!
The borrower used ABL to fund 85% of the purchase and 100% of the renovation of a two family under our ZERO POINT hard money loan program. While the borrower is completing the renovation, ABL will simultaneously position the borrower with a 30-year rental loan around 5%/1pt. This program is also “hard money like” in that it requires minimal documentation and no income verification. Upon completion of the renovation, the borrower will close on a 30-year rental loan, all within 90 days. #onestopshop