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, economists grew concerned about inflation remaining stubbornly high or, worse, picking up speed in part due to a labor market that’s still too hot. This underscores the need for investors to stay vigilant and adapt their strategies accordingly, as fluctuations in interest rates can have a profound impact on borrowing costs and re ..read more

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 after completing the first 50% of construction with their own capital, came to ABL seeking leverage to finish the project. The borrower is a high-end investor in Miami with extensive real estate experience and specializes in large scale flips from start to finish using their own capital. Paul explained to the investor that instead ..read more

Multifamily Refinance and Renovation in Chicago, Illinois Greg Dietz, Asset Based Lending’s Vice President of Lending, recently closed a multifamily refinance and renovation in Chicago, Illinois for a first-time borrower and experienced real estate investor. Greg has known the borrower for 13 years, representing them on land purchases for multifamily acquisitions. The borrower is a prolific Chicago multifamily developer and operator, and they met when Greg was a commercial real estate broker. This real estate investor trusted Greg to help scale his real estate business using ABL’s multifamily ..read more

TX New Construction Featured Deal in Northeast Houston, Texas Seth Blumenthal, one of Asset Based Lending’s leading loan officers, recently closed a ground up new construction loan for a 4-unit townhome development in Northeast Houston, Texas. This deal was brought to ABL by a real estate investment broker looking to finance a client with fast capital for a new construction project, and Seth was ready to help. The borrower purchased a parcel of land in 2022 for $110,000 and contacted ABL to refinance and obtain a loan for the construction of four townhomes. To accomplish this project ABL offe ..read more

Stabilized Bridge Loan Featured Deal in New Bedford, Massachusetts Torin Francis, one of Asset Based Lending’s leading loan officers, recently closed a stabilized bridge loan in New Bedford, Massachusetts with a new borrower. This acquisition of a 5-unit property, marks a significant milestone for the investor who has added four properties to his portfolio within the last 48 months. Previously, the investor was working with a broker who was limited to working with lenders that can only finance 1-4 units. Since they needed financing on a larger property, the investor found another broker and e ..read more

New Construction Featured Deal in Franklin Lakes, New Jerset Kevin Mohollen, one of Asset Based Lending’s Loan Officers for New Jersey, New York and Connecticut, recently funded a land purchase and single-family new construction deal in Franklin Lakes New Jersey. Kevin’s client on this project is one of ABL’s stellar repeat borrowers who has closed 5 new construction projects as well as more than 5 fix and flips with ABL in the last three years. Front First Floor Second Floor Back For this project, this borrower contacted ABL to purchase a parcel of land on which they will constru ..read more

Top 6 Kitchen Design Trends The kitchen is many people’s favorite room in the house- it’s where you host guests, bond with family and friends, and of course it’s where you can find your favorite snacks. It’s no wonder that kitchens have a major impact on a home’s overall value! Statista reported in 2022 that 45% of people who wanted to remodel their kitchen have been waiting for awhile but didn’t have the means to, and 28% wanted to personalize a recently purchased home. As a real estate investor, understanding and capitalizing on the latest kitchen trends is a strategic necessity that will m ..read more

Flip Volume Down, But Profits Up, Especially in Southern Markets Since the first quarter of 2022 when the percentage of flipped homes sold peaked at 9.9%, the flipping market experienced a slowdown. Flipping rates dropped down to 8% in the second quarter of 2023, lower than they have dropped in the last three years. Though the historical patterns of flip rates were considerably below Q2 2023 numbers, the overall trends have demonstrated an upward trajectory and took a large jump at the start of the pandemic. However, the pandemic years proved challenging for fix and flip investors as rising c ..read more

Top 6 Bathroom Design Trends of 2024 Bathrooms are one of the rooms that receives the most attention from homeowners, fix and flippers, and new construction investors. Even when an investor or homeowner is looking to “spruce up” the place, the bathroom is always part of the plans. This is partly due to design trends that move swiftly in and out of fashion. Nobody wants to feel like they are stepping back in time in their bathroom (we’re looking at you, retro pink tiles). And for end buyers, an outdated bathroom is often a deal breaker. Luckily for us, The National Kitchen + Bath Association t ..read more

Newly Built Homes Are Playing a Big Role in The Housing Market In recent weeks, there has been a noticeable decline in mortgage rates. However, the housing sector faced a setback with a peak near 8% last month, negatively affecting new home sales, according to the latest findings from the Commerce Department. The stats reveal a 5.6% drop in sales of new single-family homes in October, surpassing initial expectations. Nevertheless, there is a silver lining, as these sales still show an impressive increase of nearly 18% compared to the previous year. Interestingly, newly constructed homes are p ..read more