Private Hard Money Lending In New Jersey

Hard Money Lending New Jersey

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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
Zak Blechman
Loan Officer
After graduating from the University of South Carolina with a BS in Economics & Operations Management, Zak took on the role of Operations Manager & National Sales Executive for a premier manufacturer and distributor of Fire & Sprinkler products. It was during his time there that Zak honed his organizational and client relationship building skills, and discovered his interest in real estate. Wanting to align himself with a company in the real estate field that aligned with his core values, Zak sought out ABL after meeting other team members at a local meetup. As one of the Loan Officers responsible for the New Jersey lending area, Zak appreciates the ability to work with motivated investors across various backgrounds and experience levels that help him learn something new every day. When you work with Zak, you receive attention to detail, creative deal structures, and a partnership that helps grow your business.
Zak Blechman
Zak Blechman
Loan Officer
(201) 942-9089sales@abl1.netView Bio

Fix and Flip, New Construction, Cash Out/Refinance

Asset Based Lending is a private lender in control of our own funds, which means we can provide fast (approval within 24 hours and closing in 7-10 days) financing for your project.

Our hard money loans in NJ provide twelve-month, interest only bridge financing for the following programs: Fix and Flip, New Construction, and Cash Out/Refinance.

ABL – Private Hard Money Lenders In NJ

We began our business in as private lenders in NJ 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 you’re seeking hard money real estate loans 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 pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the NJ real estate industry.

Prequalify Today

Prequalify for your loan today or call us at (201) 942-9089. Approval within 24 hours. Our private money loans in NJ can help you get started on your next project:

ABL Lends in:Hard money lending in all of New Jersey: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union, Warren
Our Hard Money Lending Areas In New Jersey
Success Story
hard money lenders NJ
Your Premier Lender for Hard Money in NJ

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.

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