Fix and Flip, New Construction, Cash Out/Refinance
As private lenders in NJ, Asset Based Lending is 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 New Jersey offer twelve-month, interest only bridge financing for the following programs: Fix and Flip, New Construction, Cash Out/Refinance. For buy rehab and rent investors, ABL also offers long term rental property loans.
ABL – Private Hard Money Lenders In NJ
We began our business as private money lenders in NJ and our headquarters remain firmly located in Jersey City. 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loans to completely renovate a multi-family dwelling in the Hudson County urban area or to remodel and refurbish an outdated suburban home in Essex County, we understand what our borrowers need to be successful.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 this state and investors are taking advantage of them and dealing with them every day. We are helping every day.
As hard money lenders in New Jersey, we pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the real estate industry.
Prequalify for your loan today or call us at (201) 942-9089. Approval within 24 hours. Our private money loans can help you get started on your next project:
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
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.
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.
“They’re more than just a lender to me,
They’re a partner of mine.”
Harry went from first-timer to full time real estate investor with ABL by his side. Hear his story and see what The ABL Difference can do for you.
AVERAGE FIX AND FLIP ROI
AVERAGE FIX & FLIP GROSS PROFIT
HOME SOLD ABOVE LIST PRICE
MONTHLY HOMES SOLD IN NJ
AVERAGE SALE PRICE
AVERAGE DAYS ON MARKET
Your Premier NJ Lenders for Hard Money
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 hard money loans for real estate investors and professionals, but we also lend to qualified first-time borrowers as well.
Speed is critical to capitalizing on 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 85% 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.
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 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 70% of the land value and 100 percent of the construction costs.
While our underwriting criteria for construction loans in NJ 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 here for more details about rates and requirements for these 12-month loans.
Reliable NJ Rental Loans
Asset Based Lending now offers term rental loans for buy and hold investors. These private rental loans are designed for 1-4 family properties and are a doc-light approach to rental property investments. We offer rates as low as 6.625% with leverage up to 80%. With our unique capital structure and flexible underwriting, we can offer single rental loans up to $3M and rental portfolio loans up to $6.25M.
ABL offers a variety of NJ loan options including 30-year amortization, ARM, and interest-only options. Whether you’re an experienced investor or working on your first rental property, ABL is here to help. Our team works with the best local appraisers, title agents, and attorneys to deliver a five-star experience for our borrowers. If you’re ready to expand your rental portfolio with our NJ rental loans, then contact us today.
Your Local New Jersey Private Money Lender
After being founded in New Jersey over 10 years ago, the ABL team have become experts in the state’s local real estate markets. From multi-family rental property in Paterson to luxury fix and flips in Scotch Plains, we understand how to tailor New Jersey loans to match your specific project in these distinctly different markets. Based on internal and external data, we’ve identified the following cities as top choices for investors: Jersey City and Newark. With their close proximity to New York City, thriving job markets, and year-over-year crime rate reductions, these cities have continued to bring in new residents and offer great opportunities for real estate investors. If you’re looking to use our NJ private hard money loans for real estate investments, contact our New Jersey lenders today.
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 use our in-house money to fund your loans
- We directly control our approvals and closings
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 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.