Ohio Rental Loans
Rental Loans For Ohio Investors
Rent prices are increasing at a rapid pace nationwide, and Ohio is one of the states experiencing these new market conditions. Asset Based Lending can help real estate investors acquire Ohio rental property with a variety of rental loan options. These rental loans can benefit BRRRR investors as well as those looking for Airbnb loans, providing flexible financing for a variety of rental properties. ABL approves loans as fast as 24 hours and closes loans in 30 days on average. After one conversation with a loan officer, we can approve your loan and move forward with your rental loan process. Our team moves quickly to prevent your rates from changing in this rate-rising environment, utilizing a fully in-house team to service your rental loan from start to finish.
With home sale numbers starting to drop but rent prices continuing to rise, many real estate investors are looking to diversify their strategy with rental property. Asset Based Lending makes rental loans easy, providing fast and reliable financing to acquire a single rental property or to expand your rental portfolio. We provide five-star service to all of our borrowers If you’re ready to be approved for the rental loans Ohio investors trust the most, then contact us today.
OH Rental Loan Highlights
- No personal income verification
- Light doc program
- Portfolio loans available
- Mixed-use property eligible
- Available for 1 – 8 unit properties
- 30 year, ARM, I/O options
- Rates as low as 6.75%
- Up to 80% LTV
- 620 minimum credit score
- Close term rental loan in 30 days
- Rate locks available
Simple And Reliable Rental Property Financing In Ohio.
The Premier Lender For Rental Loans In Ohio
No Broker Fee
Peace of Mind
Competitive Rates & LTVs
The ABL Difference
Ohio Rental Property Producing Steady ROI
The population of Ohio has been growing steadily since 2010, and with it has led to an increase in demand. With a high population growth since 2010, the need for rental space continues to increase and benefit investors. As of April 2022, approximately 40% of the state were renting their homes and the vacancy rate was just under 4%, which has been dropping steadily since 2010. Coupled with the increasing rental prices this makes the state an excellent choice for investing in rental property- for example, Columbus has an average rent of $1,650 which is a 6% increase from the previous year and well above the national average.
Asset Based Lending is in touch with local real estate markets and trends, which has brought our rental loans and rental refinancing programs to Ohio. We now offer our services throughout the entire state, allowing real estate investors to grow their business quickly and efficiently using our hard money loans for rental property. Whether you want to begin your rental portfolio or expand on your current investments, ABL is here to help. Contact us today to be approved for the most reliable rental loans OH has to offer.
How BRRRR Investors Use Ohio Rental Loans
Some real estate investors are looking for quick profits through fix and flips, but others want to build long-term wealth by buying and holding income-producing assets. By using rental properties to generate passive monthly income or refinancing rental loans to access capital immediately, investors can quickly fund their next project to expand their real estate business faster than before. This kind of long-term investing strategy has become very popular in recent years and is known as the BRRRR method. BRRRR is an acronym that stands for buy, rehab, rent, refinance, repeat. The strategy is simple: investors purchase a property they plan on holding, they renovate it to increase its market value, they rent it out to generate passive income, they refinance the loan to more favorable terms while pulling out equity, and they repeat the process with another rental property. This allows investors to rapidly expand their rental portfolio and set themselves on a path of financial freedom thanks to the consistent monthly income.
Getting a loan for rental property can be difficult, but Asset Based Lending makes the process fast and simple. ABL manages your short-term rental loan from start to finish and use the much of the same documentation to refinance your loan into a longer term lower interest rate product, saving you time and ensuring you the most competitive rates possible. Our team of experts awards experienced investors with reliable capital and professional draw management to keep your project funded from start to finish without delays. With over a decade of successful lending and over 300 five-star reviews, ABL is the premier choice for rental loans in Ohio. If you’re ready to start utilizing the BRRRR strategy, contact us today to be approved for your hard money rental loan.