201-942-9089 info@abl1.net

New York

Fix and Flip, New Construction, Cash Out/Refinance

As the best private hard money lenders in NY, Asset Based Lending is in control of our own funds and can provide fast (prequalification within 24 hours and loan closing in 7-10 days) financing for your project. We provide 12-month, interest-only bridge financing for the following programs: Fix and FlipNew Construction, Rental Property Financing, and short term Cash Out/Refinance. We also offer term rental loans for buy and hold investors.

Your Lender For Private Hard Money Loans In New York

We began our business in the New York metropolitan area and have been trusted hard money lenders in NY since 2010. Each of NYC’s boroughs offers its own specific opportunities and challenges as does the suburban communities of Long Island, Westchester and Rockland Counties. New Yorkers are tough, and they are resourceful. NY investors are grappling with the logistical challenges of local real estate investing every day. And ABL’s residential hard money loans in NY are helping them.

As trusted and experienced private lenders in NY, we pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the New York real estate industry.

Prequalify Today

Prequalify for your loan today or call us at (201) 942-9089. Preliminary approval for hard money in New York within 24 hours. Get started on your next project:

To learn more about our various loan programs, visit out loan programs page.

ABL Lends in:
New York City (all boroughs), Nassau, Suffolk, Rockland, Orange, and Westchester Counties
Nik Gak
VP, New York

Coming Soon.

Success Story
Huntington, NY
Gut Renovation – Single Family
Purchase Price:
Renovation Budget:
Loan Amount:
Loan Structure:
12 Months Interest Only
Sale Price:
$1,079,000 (Listed)

Reliable Private Hard Money Lenders In New York

Fast Fix And Flip Financing

Asset Based Lending provides investors that have the ability to spot a problem property and envision how to transform it into a beautiful, sale-ready home with the capital 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 in New York have always been the primary focus for ABL. We focus on 12-month loans to experienced investors and professionals, but we do lend to qualified first-time borrowers as well.

To truly capitalize on New York investment property and opportunities, speed is critical 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 just 10 days for our loans — which cover up to 85% of the purchase price and 100 percent of the rehab costs. Click here for more details about rates and requirements for home fix and flip loans.

New Construction

Seasonal and market conditions can dictate the need for quick and flexible loan programs for new construction as well. ABL provides new construction loans when conventional financing is not the right answer. NY 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 are flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t commit to a loan if our experience doesn’t convince us that everyone involved in the deal will profit.

NY Rental Loans

Asset Based Lending now offers the most competitive rental loans NY has to offer. These doc-light rental loans are designed for buy and hold investors looking to secure 1-4 family properties. Our rates start as low as 6.875% with leverage up to 80% LTV. With our unique capital structure and flexible underwriting, we can provide single rental loans up to $3M and rental portfolio loans up to $3M.

We offer a variety of loan options in New York ranging from 30-year amortization, ARM, and interest-only options. These loans are intended for investors of all experience levels, whether you’re looking to expand your rental portfolio or begin with your first rental property. We work with the best local appraisers, title agents, and attorneys to insure a five-star experience for our borrowers. If you’re ready to grow your real estate business with our NY rental loans, then contact us today.

ABL Understands The NYC Boroughs

With over a decade of success in the tristate area, ABL have become experts in the local real estate markets with intimate knowledge of New York City and its unique boroughs. We tailor loans in NYC to match your specific project, whether its a multi-family rental property in Queens or a fix and flip in Brooklyn. The NYC market has been shaken up recently, so working with a lender that has deep ties to the city can help you take advantage of these new opportunities. If you’re looking to use our NYC hard money loans for investing in the boroughs, contact us 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.