Private Hard Money Lending In New Jersey

Hard Money Lending New Jersey

Prequalify Today
Stacey Andreola
Vice President of Sales
Stacey Andreola joined the ABL team in 2014. Serving as the Sales Rep and Loan Officer for the NY/NJ area, Stacey has successfully helped ABL borrowers secure millions of dollars in financing in this booming metro area. Prior to joining ABL, Stacey held positions in both Sales and Marketing. Stacey holds a degree from Hunter College.
Stacey Andreola
Vice President of Sales
(201) 942-9089sales@abl1.netView Bio

Private Hard Money Lenders In New Jersey

We began our business in New Jersey and our headquarters remain firmly located in Hoboken. Asset Based Lending (ABL) knows the NJ real estate market from Newark to Phillipsburg and from Bergen County to Cape May. Whether the loan is to completely renovate a multi-family dwelling in the Hudson County urban area or to remodel and refurbish an outdated suburban home in Essex County, we understand what our borrowers need to be successful. There are unique opportunities and challenges in New Jersey and its investors are taking advantage and dealing with them of them every day. We are helping every day.

We are a private lender in control of our own funds, which means we can provide fast (prequalification within 24 hours and loan closing in 7-10 days) financing for your project. We pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the NJ real estate industry.

We provide twelve-month, interest only bridge financing for the following programs:

ABL Lends in:All counties in New Jersey
Our Hard Money Lending Areas In New Jersey
Success Story
Fix and flip loan in Newark New Jersey
New Jersey's Premier Hard Money Lender

Fast Fix And Flip Financing

Having the vision to identify a problem property and transform it into a beautiful, sale-ready home takes an incredible amount of skill. It also takes capital to purchase the property and do the rehab work.  Asset Based Lending’s home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been the primary focus for ABL.  Not only do we provide 12-month loans to experienced investors and professionals, but we also lend to qualified first-time borrowers as well.

Speed is critical to capitalizing on New Jersey investment opportunities, and ABL provides financing solutions that traditional lending institutions cannot. We can close in three to four days if all of the paperwork is in order, and the average closing time is just 10 days for our loans — which cover up to 90 percent of the purchase price and 100 percent of the rehab costs for a property. For more information such as rates and requirements, check out our additional details on fix and flip loans.

New Construction

Quick and flexible underwriting for new construction is often an essential component of profitability in various seasonal as well as market conditions. ABL provides new construction loans in New Jersey when conventional financing is not the right answer. New construction loans are available only to experienced investors, contractors and builders, who typically can borrow up to 60 percent of the land value and 100 percent of the construction costs.

While our underwriting criteria for construction loans is flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t issue a loan if our experience doesn’t convince us that everyone involved in the deal will profit. Click on the New Construction link above for more details about rates and requirements for these 12-month loans.

Why Choose ABL?
We are a Local Lender
We are a Local Lender
  • We understand your local real estate conditions
  • We use local appraisers, title agents and closing attorneys
We are a Direct Lender
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
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 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.

Prequalify For A Hard Money Loan Today
Get Started
Menu