Alabama's Rehab, New and Rental Property Premier Lender
With its beautiful attractions and fun activities, there's no shortage of investment properties in Alabama. And with the recent boom in the market, now is the perfect time to get a loan and make some money on a fix and flip, new construction, or apartment. buildings. So what are you waiting for?
Alabama Loan ApplicationInvestment Properties in Alabama
Looking to invest in Alabama? Alabama has some amazing qualities and is home to a number of major companies. Here is a list of the top 10 companies in Alabama. Encompass Health. Size: More than 10,000 employees. University of Alabama at Birmingham. Size: More than 10,000 employees. Regions Financial. Vulcan Materials Company. Mobile County Public School System. University of Alabama. Motion Industries. Alabama Power Company., making it a desirable place to live for many recent graduates and young professionals.
When it comes to the folks who call it home, 25 to 34-year-olds make up 13.6% of the population, while 35 to 44-year-olds make up 15.4%. 45+ year-olds make up 35.9% of the population.
The median sale price for a home in Alabama is $282,984, and the average rental price is $1,005. There are also roughly 1,207 vacant land lots available for sale as of April 2024. With so many people moving into the state every year, investing in real estate now will only make you more money in the future!
In terms of attractions there are many enjoyable things to do. Alabama is home to a range of tourist attractions and things to do for all ages and interests. Museums, Churches, and parks are among the biggest. The Civil Rights Memorial in Montgomery features an exquisite black granite sculpture commemorating those killed during the struggles of the Civil Rights Movement. The memorial stands in a square next to the Civil Rights Memorial Center, where tourists will find educational displays and exhibits, including the Wall of Tolerance. Montgomery, Alabama is home to the most popular tourist attraction with the U.S. Space and Rocket Center. The Center attracts over 75,000 paid visitors annually.
Contact LSM today to find out how we can customize a loan to your needs!
When it comes to the folks who call it home, 25 to 34-year-olds make up 13.6% of the population, while 35 to 44-year-olds make up 15.4%. 45+ year-olds make up 35.9% of the population.
The median sale price for a home in Alabama is $282,984, and the average rental price is $1,005. There are also roughly 1,207 vacant land lots available for sale as of April 2024. With so many people moving into the state every year, investing in real estate now will only make you more money in the future!
In terms of attractions there are many enjoyable things to do. Alabama is home to a range of tourist attractions and things to do for all ages and interests. Museums, Churches, and parks are among the biggest. The Civil Rights Memorial in Montgomery features an exquisite black granite sculpture commemorating those killed during the struggles of the Civil Rights Movement. The memorial stands in a square next to the Civil Rights Memorial Center, where tourists will find educational displays and exhibits, including the Wall of Tolerance. Montgomery, Alabama is home to the most popular tourist attraction with the U.S. Space and Rocket Center. The Center attracts over 75,000 paid visitors annually.
Contact LSM today to find out how we can customize a loan to your needs!
✓ Just a few of the locations we service - Mobile, Montgomery, Tuscaloosa, Birmingham, Huntsville
10 Reviews Alabama
Loan Summary Information for Alabama
Getting the right funding in Alabama can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in Alabama. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in Alabama. Read on to learn more about our current offerings in Alabama.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only