Connecticut Hard Money Lenders

Hard Money Lending Connecticut

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Sofia Ramos
Loan Officer
Born and raised in Paterson, New Jersey, Sofia brings over a decade of real estate experience and strong first-hand knowledge of Northeast urban neighborhoods to the ABL team. A realtor prior to joining ABL, Sofia understands what it takes to be a real estate investor in today's market and enjoys using her experience to streamline the process for her borrowers.  As a bilingual loan officer, Sofia wants to expand ABL’s reliable hard money lending services within Spanish-speaking communities and she believes that language provides not only understanding, but also trust and transparency. The loan process is too important for investors to work through in a second language; thanks to Sofia, Spanish-speaking borrowers don’t have to settle.
Joe Ruggiero
Loan Officer
As a local mortgage broker working with investors, Joe worked with ABL for a year prior to joining the team as a full time loan officer. Thanks to his on-the-ground experience working with real estate investors, Joe has a thorough understanding of both sides of the hard money loan transaction. Joe grew up in Union County and currently lives in Bergen County with his wife and two-month old daughter. As a result, he is intimately familiar with the New Jersey market and has built up a network of trusted service providers and real estate professionals. When he’s not with his family or at ABL, Joe is at home on a wrestling mat where he's been a competitor and coach for over 20 years.
Joe Ruggiero Asset Based Lending
Joseph Ruggiero
Loan Officer
(201) 942-9089sales@abl1.netView Bio
Susan Botros
Loan Officer
Prior to joining the ABL team, Susan worked as a lending consultant for a couple of large banks where she focused on commercial financing. Susan believed that working for a lender of that size caused the process to become disjointed, and lacked any human touch - which is where ABL came in. At ABL, things are different. Susan enjoys building  in-depth relationships with her investors, and the flexibility to build a best-fit loan package for each individual borrower. Susan has been a student of real estate her entire life as a part of her family business, and holds a bachelor's degree in finance and marketing. Susan is also bilingual, speaking both English and Arabic.
Susan Botros Asset Based Lending
Susan Botros
Loan Officer
(201) 942-9089sales@abl1.netView Bio

The Leader In Connecticut Hard Money Loans

Asset Based Lending, LLC (ABL) is your trusted partner for private, hard money lending in Connecticut. As a direct lender, we work with real estate investors throughout the state, including Hartford, Fairfield, New Haven, Storrs, Essex and Bridgeport.  Whether it is in the urban areas of Bridgeport or New Haven or the suburban areas of Fairfield County, we know how to close quickly and provide reliable asset based loans for fix and flips or new construction. The keys to our success are speed and service; we can tell you within a 10 minute call whether or not your deal is one that we can potentially fund. If it is, we typically close the deal within 2 weeks but can move faster if required.

ABL’s funding solutions, paired with the local relationships we have established with vendors in your area, ABL equips you with an entire team of real estate experts and community businesses to support your project.

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

ABL Lends in:Hartford, Fairfield, New Haven, Storrs, Essex
CT Hard Money Lending Areas
Success Story
Connecticut fix and flip lender

Worry-Free Fix And Flip Lending

It requires vision to be able to identify a property in disrepair and map out how to remodel it into a showpiece that is ready for sale. It also requires money to be able to purchase the property and begin the work. ABL’s home fix and flip loans are integral to your profitability. We are proud to provide real estate investor financing to both experienced real estate investors as well as qualified first-time borrowers.

Since the ability to move quickly is crucial to taking advantage of investment opportunities, ABL offers speedy financing solutions that typical lending institutions cannot. We can close in as little as three to four days if the paperwork is in order, and on average, closing time is 10 days for our loans. These hard money loans can cover up to 90 percent of the property’s purchase price and 100 percent of the repair costs. Visit the Fix and Flip link above for more information about the process, rates and requirements for home fix and flip loans.

New Construction Financing

ABL prides itself on fast and flexible underwriting for new construction projects, as we realize seasonal and market conditions can affect the speed at which you need to move. When conventional financing is not an option, we offer innovative new construction loans. Our new construction financing solutions are available only to experienced investors, contractors and builders. These individuals can borrow up to 60 percent of the land value along with 100 percent of the construction costs.

Our underwriting requirements for new construction loans are flexible, and there are no minimum credit score requirements. However borrowers can place their trust in ABL, since we won’t grant a loan if we’re not confident that the deal with be profitable for all parties. To learn more about ABL’s rates and criteria for these 12-month construction loans, click on the New Construction link above.

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.

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