Ohio
Ohio Hard Money Lenders
Asset Based Lending is the premier hard money lender for the state of Ohio, boasting over twelve years of lending experience and over $1 Billion in loan originations. We provide 12-month interest-only bridge loans for fix and flips and new construction, as well as cash out/refinances and loans for rental property. Our goal is to help real estate investors scale their business quickly and effectively, providing reliable hard money loans across a variety of real estate asset classes. As investors ourselves we developed our loan process to be fast and efficient, closing loans as fast as two days with the appropriate paperwork, so our borrowers never miss an opportunity.
Prequalify Today
Get approved for your next project, or learn more about our various loan programs below:
ABL Lends in: ABL lends in all of Ohio, pending property and borrower underwriting
Seth has been involved in private capital industries for 20 years, becoming an expert in finance and lending. For the last 7 years, he has been helping real estate investors finance their projects, with a strong focus on speedy closings. Seth specializes in building strong relationships, analyzing deals, and quickly determining suitability for his clients.
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AVG HOME SALE PRICE
$211,500
AVG DAYS ON MARKET
TOTAL FIX AND FLIPS
4493
AVG FIX AND FLIP PROFIT
$76,690
POPULATION GROWTH
HOMES SOLD
Recently Funded Projects
Fix and Flip Loans
We offer 12-month interest-only bridge loans that help real estate investors finance the purchase and rehab of the property. ABL flip loans provide funding up to 90% of the property purchase and 100% of the rehab costs. Whether you’re working on your first Ohio fix and flip or you’re a full-time pro looking for additional capital, ABL is ready to finance your next success.
These rehab loans are designed for Ohio real estate investors to scale, increasing their number of flips per year and more important increasing their profit potential year over year. The more deals you do with Asset Based Lending, the better terms we can offer you, which means you can maximize your ROI by working with us.
New Construction Loans
Asset Based Lending offers new construction loans for experienced builders and developers that want to scale their business. Our hard money new construction loans are only available to experienced investors, builders, and contractors who have recent experience with new construction. These new construction loans allow investors to borrow up to 90% of the land value and 100% of the construction costs. These bridge loans are designed to close quickly and provide the capital needed for new construction projects to to be acquired, completed, and sold in one streamlined process.
Rental Loans
Our rental loans start as low as 6% with leverage up to 80% and a variety of options to match your investment strategy. We provide rental loans for properties between 1 and 9 units across different housing types such as multifamily, condos, townhomes, single apartments, etc. ABL can work with you around your investment strategy to ensure that you receive a rental loan that matches your business plan.
These rental loans are designed for investors utilizing the BRRRR strategy, whether you’re just starting out with your first rental property or you have a current portfolio that you’re looking to expand. With a single loan cap of $3M and portfolio loan cap of $3M, we can help investors who are at different points of their investment business.
Why Choose ABL?
Local Experts Who Know Your Market
- We understand your local real estate conditions
- We use local appraisers, title agents and closing attorneys
We are a Direct Lender
- We use our in-house money to fund your loans
- We directly control our approvals and closings
We are Reliable and We Close Fast
- Preliminary approval in 24 hours
- Close in 7-10 days
We Manage the Draw Process Efficiently & Quickly
- We help create and approve your draw schedule
- We use local inspectors to assess your progress
- We quickly release your funds when an inspection is approved
Asset Based Lending, LLC was founded in 2010 and is a leading local source of hard money in the residential real estate market. We have consistently received praise from our borrowers who emphasize our quick, hassle-free closings, favorable terms, and creative financing solutions.
Fill out our Pre-Qualification form to start the process.
