Hard Money Loans or Fix and Flip Construction Financing are a fast Allstate Fund Pros option that offers few approval requirements and flexible repayment terms.
The Allstate Fund option is reserved for Real Estate Developers that specialize in acquiring properties, making enhancements and improvements, and selling the property for a nice profit.
Hard Money provides fast Allstate for an industry that can’t afford slow bank approvals and rigorous underwriting delaying construction projects.
If you and your business have outgrown your current borrowing limit or are looking for a better “Fix and Flip” financing solution, Allstate Fund Pros can help. According to the Turner Building Cost Index, which measures construction costs in the United States, there is a quarter-on-quarter increase in costs from 2016 to 2017. What this means is that you will definitely have to dig deep into the pockets for new building financing.
Allstate Fund amount is based on collateral to secure a Hard Money loan to invest in the development real estate
Money is dispersed to the borrower with an expected single return payment and not in installments
The repayment of the principal loan amount plus interest is designed to aid businesses that specialize in Fix-and-Flip projects
There is no obligations for trying and it never affects your credit score