massachusetts hard money lenders

Hard Money Lending Massachusetts

Prequalify Today
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
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

Private Hard Money Lenders In Massachusetts

Asset Based Lending, LLC (ABL) is a private, hard money lending company in the Boston Metropolitan area of Massachusetts. As a direct lender, we work with real estate investors in eastern Massachusetts, and are currently lending in Suffolk, Norfolk, Essex, Middlesex, and Plymouth counties. We provide asset-based loans to beginners and experienced investors for non-owner-occupied residential real estate that is being purchased, renovated and rehabbed. In addition, ABL offers competitive New Construction loans to experienced investors. With a dedicated loan officer servicing the state of MA, coupled with the local relationships we have established with service providers in your area, ABL can arm you with a real estate team of community businesses to support your project.

We provide 12-month, interest-only bridge financing for the following programs:

 

ABL Lends in:Suffolk, Norfolk, Essex, Middlesex, Plymouth
Our Massachusetts Hard Money Lending Areas
Success Story
NJ fix and flip lender
Reliable Hard Money Lenders

Fast Fix And Flip Financing

It takes talent to be able to spot a problem property and envision how to transform it into a beautiful, sale-ready home. It also takes money to acquire the property and do the rehab work. Home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been a primary focus for ABL. We primarily provide 12-month loans to experienced investors and professionals, but we do lend to qualified first-time borrowers as well.

Speed is critical to capitalizing on incredible investment opportunities, and ABL provides financing solutions that typical 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 10 days for our loans — which cover up to 90 percent of the purchase price and 100 percent of the rehab costs. Click on the Fix and Flip link above for more details about rates and requirements for home fix and flip loans.

New Construction

Seasonal and market conditions can dictate a need for quick and flexible underwriting for new construction as well. ABL provides new construction loans 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 are flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t fund 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