Fix and flip loans in Alabama, funded in 48 hours.

Yes. PML funds fix and flip loans in all 50 states, with active flipper books in Birmingham, Huntsville, Mobile, and Montgomery. Single-family, duplex, triplex, and fourplex properties. Loan size from $100,000 to $5,000,000 per asset, with cross-collateralized facility lines available for sponsors running three or more concurrent Alabama projects. No state-line carve-outs on pricing or leverage; a Jefferson County flip prices off the same rate sheet as a Madison County flip.

Alabama does not require a separate state lender license for business-purpose loans on 1 to 4 unit non-owner-occupied investment property held by an entity. PML originates Alabama fix and flip loans under that posture, with closings handled through the customary Alabama closing process. Loans are not consumer mortgages; they cannot be used for a primary or secondary residence. The borrower is always an LLC, LP, or corporation, never a natural person.

The bulk of Alabama fix and flip activity in our book lands in a $135,000 to $315,000 ARV band, with loans typically between $110,000 and $255,000 on a single asset. Birmingham and Huntsville skew toward the lower half of that band on entry-level cosmetic flips; Mountain Brook and Hampton Cove stretch to $585,000 plus on full-gut projects. We will write an Alabama loan as small as $100,000 and as large as $5,000,000.

Alabama is an attorney-closing state. A licensed Alabama real estate attorney handles the closing in coordination with a title insurance underwriter; no escrow agent in the western-state sense. PML works with closing-attorney panels in every major Alabama metro and routes the deed of trust and closing protection letter accordingly. A clean Alabama file regularly closes 6 to 9 business days from term-sheet acceptance.

Alabama imposes a deed transfer tax at $0.50 per $500 of consideration, plus a mortgage tax on the deed of trust at $0.15 per $100. The buyer pays the probate recording fee. PML’s quote on the HUD reflects the actual Alabama tax and recording schedule for the subject county; there are no lender markups on third-party closing costs.

Atlantic hurricane season (June through November) can pause draws for 48 to 72 hours during an active warning on coastal files, but inland Alabama sees no seasonal slowdown. Inspector clears within one business day, wire goes out within 48 hours, year-round.

Alabama is a non-judicial foreclosure state operating under power of sale. A defaulted business-purpose loan can move from notice to trustee sale in roughly 60 days plus 1-year redemption. As a sponsor this should never matter; as an underwriting input it is one reason our Alabama loans price cleanly off the national rate sheet.

The Jefferson County e-recording system normally posts a deed and deed of trust the same business day they are submitted. Other major Alabama metros (Huntsville, Mobile and Montgomery) run similarly fast on e-recording. PML wires loan proceeds the day of close; the lien recording happens in parallel.

Yes. Alabama trustee sales typically happen on a posted weekly or monthly schedule at the county courthouse. PML issues a binding term sheet within four business hours of a property submission, which is sufficient for most Alabama non-judicial auctions and most online foreclosure platforms. Clean title and a binding term sheet can move from winning bid to wire in 7 to 10 calendar days.

Yes. PML can close into a newly-formed Alabama LLC even if you took the property under contract in your personal name. The closing party handles the deed transfer at closing — the property moves from your personal name into the new entity simultaneous with the loan funding, with the standard Alabama transfer-tax treatment applied at close. We do not lend to natural persons; the borrower is always an entity. We can help structure the entity if you do not yet have one in place.