We’ve helped investors flip homes throughout the US, and now we can offer hard money loans in Alabama. We can work with both experienced flippers and those new to fix and flips. Because we started as real estate investors we’ve created hard money loan programs specifically for real estate investors –
You want to move quickly – so we can fund the purchase and rehab, up to 70% of the ARV. And we can close in as little as 15 business days! Give us a call about your next Alabama hard money loan.
Our hard money loan programs have revolutionized the hard money loan industry. We fund flips for investors who have no experience. Closing and loan costs can be rolled into the loan so that you won’t even have to make monthly payments. We want to give you the best hard money financing options available and will work with you to find what will work with your unique situation.
There are no hidden costs, everything is disclosed when we make you the loan offer. When we look at the profitability of the deal we try to account for evereything that it will cost you, even the fees that we don’t charge and costs we cannot control. Your hard money lender should care whether or not you make money on the deal, not just if they make their money.
* DHM does not guarantee that each or any particular deal funded will result in profit
Terms For Alabama Hard Money Fix and Flip Loans
We provide direct funding on our Alabama hard money loans which means that this is one of the states where we have the most loan options available. Depending on your needs, experience and the type of deal you’re wanting to fund with us we can offer loans structured for investors with no experience, bad credit or little cash liquidity as well as a more traditional approach that will allow the borrower to obtain better interest rates, points and loan terms.
What Loan Options Are Possible ?
Up to 100% Financing on Fix & Flip Loans
We fund up to 70% of the ARV
Minimum ARV of $70,000
No minimum loan amount
Maximum loan amount $250,000
Loan term 5 months
What Will It Cost?
Interest starting at 1.25% per month
Origination starting at 5.5%
No monthly payments
No and low cash to close options available
Gap financing allowed
No pre-payment penalty
Why Use DoHardMoney?
Full disclosure at time of loan offer
Proprietary foreclosure protection
No experience required
No minimum credit score required
Simultaneous deals allowed
Alabama Real Estate Market Statistics (2015)
Alabama is the “Heart of Dixie,” a gem of the South. It is nicknamed the Yellowhammer State, after the state bird. Alabama enjoys a lengthy growing season and is known to be one of the most successful agricultural states. Another perk to living in this beautiful state is the diverse array of flora and fauna and gorgeous greenery. Recently, house flipping has soared in popularity, growing 27% over the past year. Alabama was listed as “one of the most improved housing markets” in the Freddie Mac Multi-Indicator Market Index. According to the Birmingham Business Journal, “Housing markets are on track for their best year in a decade, and that’s reflected in MiMi.”