201-942-9089 info@abl1.net

Long Island Hard Money Lenders

Fix And Flip, New Construction, & Rental Loans

Asset Based Lending has been helping real estate investors in Long Island secure hard money loans since we started our company in 2010. As a local lending partner, our team is familiar with all of the unique investment opportunities and challenges that the Long Island counties present – from Levittown to the Hamptons. As an investor, you’ll benefit from the knowledge and experience that our Long Island area specialists bring to the table.

As a direct private lender in control of our own funds, we’re able to provide the quick closings and flexible underwriting that your investing business deserves. We’ve closed in as quickly as 2 days – with our average being just 10. Our team specialists in the local markets and we work with the best local appraisers and title agents so your deal can be as successful and stress-free as possible.

Long Island Hard Money Lenders

We began our business as private money lenders in NJ quickly expanded our services to the rest of the northeast to match borrower demand for our services. Asset Based Lending are experts in the tristate area with specialized focus on the Long Island markets. Whether you’re seeking hard money real estate loans to renovate a multi-family condo in the Nassau County urban area or to remodel and refurbish an outdated suburban home in Suffolk County, we understand what our borrowers need to be successful.

As investors ourselves, we designed our process to be as simple and streamlined as possible to make things easy for our borrowers. Our loan process works for investors that need to close quickly on bridge financing for real estate investments. If you need hard money loans in Long Island, then contact us today and be approved as fast as 24 hours.

Prequalify Today

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:

ABL Lends in:
Long Island: Nassau and Suffolk Counties

Nik Gak
Loan Officer

Long Island NY Real Estate Market Statistics



Q2 2019 Suffolk County



February 2021



April 2017



October 2020



February 2021



February 2021

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)

Long Island’s Direct Hard Money Lender

Fix And Flip Loans

Real estate investors that can view a distressed property or a home that is rough around the edges and have the ability to transform it into a beautiful, sale-ready home can take advantage of our fix and flip loans. These loans are designed for investors to purchase the property and complete the renovation without worrying about the capital needed to complete the project, with loans covering up to 85% of the purchase price and 100% of the rehab. We offer zero-point loan options with no pre-payment penalties or exit fees so our borrowers can keep more of their profits.

ABL works with investors of all experience levels, whether you’re working on your first fix and flip or growing your real estate business. We offer fast and simple financing, with loans approved as fast as 24 hours and deals closing in 10 days or less. If you’re looking for fix and flip loans in Long Island, contact us today. For more information such as rates and requirements, check out our additional details on fix and flip loans.

New Construction Loans

With housing inventory reaching all time lows in Long Island and the rest of the northeast, there is no better time to invest in residential new construction. We offer fast and reliable financing for experienced builders and contractors who can borrow up to 70% of the land value and 100 percent of the construction costs. These new construction loans in Long Island are designed for investors with the proper experience, so borrowers can rest assured that we will not lend on a deal we don’t believe in.

With over a decade of successful construction lending, ABL are experts in the local markets and the requirements needed to move forward. If you need 12-month bridge financing for a new construction project, then contact us today about our Long Island new construction loans.

LI Rental Loans

The rental markets in Long Island have remained steady throughout the pandemic and are set to rebound even stronger as vaccinations continue. ABL offers term rental loans for buy and hold investors in Long Island that want to secure 1-4 family properties for their portfolio. These doc-light NY rental loans are open to investors of all experience levels, as we assess each deal on the income-producing asset of the property. We offer rates as low as 6.875% 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 $3M.

ABL offers a variety of rental loan options to match borrower needs including 30-year amortization, ARM, and interest-only options. 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 LI rental loans, then 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.