201-942-9089 info@abl1.net

New Jersey

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loans to completely renovate a multi-family dwelling in the Hudson County urban area or to remodel and refurbish an outdated suburban home in Essex County, we understand what our borrowers need to be successful.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 Today

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

Kevin Mohollen
VP of Lending

(201) 942-9089sales@abl1.netView Bio

Boris Akbashev
VP of Lending

(201) 942-9089sales@abl1.netView Bio

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
Kevin Mohollen
VP of Lending

Kevin Mohollen graduated from the University of Delaware with an MBA in Accounting where he played baseball for the duration of his time there. He began his career in the financial advisory space, working with companies such as Vanguard, SEI, and the startup Pontera. Now, Kevin uses his experience to help real estate investors secure the proper financing needed to grow & scale their business. In his spare time, he enjoys golfing any chance he gets and celebrates his love of sports by cheering for all Philly sports teams.

Boris Akbashev
VP of Lending

Boris graduated from the CUNY Macaulay honors college with a Bachelors in Business Administration and Economic., Before joining ABL, he was a real estate agent doing residential and commercial sales as well as the property manager of a  300 unit co-op complex. Now, Boris represents ABL in NJ and CT, helping real estate investors secure financing for their projects.

“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.

NJ Real Estate Market Highlights



Q2 2020



Q2 2020



December 2020



December 2020



December 2020



December 2020
Success Story
Scotch Plains, NJ
Gut Renovation – Single Family
Purchase Price:
Renovation Budget:
Loan Amount:
Loan Structure:
12 Months Interest Only
Sale Price:

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.

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’s New Jersey lenders provide 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 6.75% 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.

Why Choose ABL?

We are Local Private Hard Money Lenders

  • 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.