Private Hard Money Lending In New Jersey

Hard Money Lending New Jersey

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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
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.
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

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: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
NJ fix and flip lender
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
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