Pennsylvania hard money lending company

Hard Money Lending Pennsylvania

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Fix and Flip, New Construction, Cash Out/Refinance

Asset Based Lending, LLC (ABL) should be your first choice when it comes to private, hard money lenders in PA.  As a direct lender of hard money in PA, we work with real estate investors in Eastern Pennsylvania, from Allentown to Philadelphia.  We are currently lending in Delaware, Philadelphia, Chester, Montgomery, Bucks, Berks, Lehigh, and Northampton counties.

We provide 12-month, interest-only bridge financing for the following programs: Fix and FlipNew Construction, and Cash Out/Refinance and Rental Loans.

Private Hard Money Loans In Pennsylvania

We provide asset based loans to beginners and experienced investors for non-owner occupied residential real estate that is being purchased, renovated, and rehabbed.

With a dedicated Loan Officer servicing the state of PA, coupled with the local relationships we have established with service providers in your area, ABL can arm you with a real estate team of community businesses to support your project.

Prequalify Today

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

Hurley Desper
PA Area Manager
Hurley Desper joined the ABL team in 2021 as the Pennsylvania Area Manager to help with the growth of the Pennsylvania markets. With over 15 years of experience as both a lender and investor, he has intimate knowledge of the loan experience including loan origination, residential & commercial financing, servicing, processing, and underwriting. As a Philadelphia native, Hurley wanted to utilize this experience to help spearhead the resurgence of the area’s real estate market. His goal is to help new investors achieve their financial goals and show seasoned investors the benefit of the ABL experience. He graduated Temple University with a B.A. and is an alumnus of their football team.  
Hurley Desper
Loan Officer, Area Manager
(201) 942-9089sales@abl1.netView Bio
ABL Lends in:Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, Philadelphia
Pennsylvania Hard Money Lending Areas
Success Story
PA hard money loan
Quick-Close Hard Money Loans In Pennsylvania

Fast Fix And Flip Financing

It takes talent to be able to spot a problem property and envision how to transform it into a beautiful, sale-ready home – and it takes money to acquire the property and do the rehab work. Property fix and flip loans are the link to profitability in this scenario, and these real estate investor loans have always been a primary focus for ABL. We primarily provide 12-month loans to experienced investors and professionals, but we do lend to qualified first-time borrowers as well.

Speed is critical to capitalizing on incredible investment opportunities, 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 10 days for our loans — which cover up to 90% 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 a 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. New construction loans are available only to experienced investors, contractors and builders, who typically can borrow up to 90% 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.

PA Rental Loans

Asset Based Lending now offers private rental loans for buy and hold investors in PA. These doc-light rental loans are designed for 1-4 family properties and start with rates as low as 4% with leverage up to to 80% LTV. Due to our unique capital structure, we can use our in-house funds to provide single rental loans up to $3M and rental portfolio loans up to $6.25M.

ABL has flexible loan options to best match the borrower’s needs, including 30-year amortization, ARM, or interest-only options. We will work with investors of all experience levels, whether its your first rental property or you’re simply adding to your rental portfolio. Our team partners with the best local appraisers, title agents, and attorneys to deliver our borrowers a five-star experience every time. If you’re ready to invest using the best rental loans PA has to offer, then contact us today.

Philadelphia Real Estate Growing Fast

With over ten years of success in the northeast, ABL have become experts in the local real estate markets of Pennsylvania. Our team closely follows market trends to better serve our borrowers and ensure we deliver five-star service every time. Recently, Philadelphia has seen a boost to its real estate market which signals opportunities for savvy investors. As of January 2021, the average home prices have increased by 13% from the previous year and homes are remaining on market for 15% less time, highlighting the active market that is favoring the seller. The city’s market is becoming more competitive, so working with a lender that already partners with the best local appraisers and title agents can give you a strong advantage. If you’re a real estate investor that wants to use our hard money loans to invest in Philadelphia, contact us today.

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.

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