I'm Flipping

Rates as low as 8.99%

 

I'm Building

Rates as low as 9.25%

 

I'm Buying

Rates as low as 6.125%

 
 
Your Local Lender
Kyle McCann
Kyle McCann
Northeast Territory Manager, SVP
Your Local Lender
Nick Tierno
Nick Tierno
Head of DSCR Sales, VP

Delaware Hard Money Lenders

We at ABL deliver fast and simple hard money loans as Delaware’s premier lenders, supplying real estate investors with financing for fix and flips, new construction, cash out refinances, and rental properties. Our fully in-house team handles both bridge and term programs while collaborating with top local appraisers, attorneys, and title agents throughout Delaware. We’ve helped countless investors expand their businesses across the country with our streamlined financing solutions.

The Best Private Hard Money Lenders in Delaware

We’ve observed that Delaware’s housing market has shifted, giving buyers more leverage as home prices are anticipated to decline by around 20% while mortgage rates surged from 5.10% in May 2022 to 6.79% in May 2023. Our data shows the market is transforming with a slight 0.14% decrease in median sale price and a substantial 29.7% drop in properties sold compared to last year, though new listings increased 83.3% from December 2022 to April 2023. We’re seeing homes staying on the market longer, averaging 17 days compared to just 7 days last year, even as declining weekly mortgage rates continue bringing new buyers into the market.

Delaware Hard Money Loans for Real Estate Investors

Fix & Flip
Loans

We specialize in providing fast financing solutions for fix and flip investors, with flexible underwriting for various rehab projects and closings in 10 days or less. Our 12-month, interest-only bridge loans allow Delaware investors to purchase and begin renovations with competitive rates (including our industry’s only true zero-point program), covering up to 85% of purchase price and 100% of rehab costs. Whether you’re working on your first project or you’re an experienced flipper, we’re ready to finance your Delaware investment.

  • Loan Term: 12-24 months
  • LTV: 92.5% of purchase, 100% of rehab
  • Loan Size: $75K - $50M
2 workers discussing fix and flip loan programs

New Construction
Loans

We provide hard money loans for new construction with competitive interest rates, fast draw turnarounds, and flexible underwriting for experienced investors, builders, and developers who can borrow up to 70% of land value and 100% of construction costs. We tailor our 12-month ground up construction loans to match each project’s unique requirements, ensuring you receive optimal loan terms for your business strategy. We carefully assess your experience level and project viability to ensure profitability for all parties involved in single family or multifamily construction.

  • Loan Term: 12 - 24 months
  • LTV: Up to 75% for land, 100% for construction budget
  • Loan Size: $75K - $50M
Contractor building a house with a new construction loan

Rental
Loans

We offer simple, reliable rental loans for Delaware buy and hold investors securing properties with 1-8 units or refinancing entire portfolios, featuring competitive rates starting at 6% and up to 80% LTV. Our flexible rental options include 30-year amortization, ARM, and interest-only terms with single and portfolio loans both available up to $3M for investors of all experience levels. We also provide seamless transitions from our bridge program for property rehab to long-term rental financing, making us your one-stop shop for Delaware real estate investment.

  • Loan Term: 30 years
  • LTV: Up to 80%
  • Average DSCR: 1.0
  • Loan Size: $85K – $2.5M
Rental property funded with dscr loans

Home of the Only True Zero-Point Program

  • No Pre-Pay Penalty
  • No Exit Fees
  • Available for All Experience Levels

Delaware Real Estate Market Highlights

Median Sale Price
$352,200
Feb. 2025
Median Days on Market
42 Days
Feb. 2025
Monthly Homes Sold
479
Feb. 2025
Icon - Sold Above Listing
Homes Sold Above Listing Price
27.6%
Feb. 2025
Avg Fix & Flip Gross ROI
55.6%
Q3 2024
Avg Fix & Flip Gross Profit
$132,725
Q3 2024
 
 

Recently Funded

Check out some of our recent projects:

Real Reviews from Real Borrowers

 

Great experience! They always answered or returned my calls immediately and walked me through the entire process and made sure all my questions were answered. I had a couple of questions weeks after my loan closed and they still responded immediately and made sure I was taken care of. Great experience and I would highly recommend ABL.

Cindy G.

I am glad I got to know Asset Based Lending, they made funding for my construction site very simple. They have a great team of people, that would go out of their way to help. Boris has been great and very helpful, I highly recommend them for all your Construction financing needs.

Mike A.

I have had the pleasure of working with Boris Akbashev for my real estate financing needs on my last 10-15 projects, and I cannot speak highly enough of his professionalism and expertise. Boris demonstrated a deep understanding of the lending process and went above and beyond to ensure I secured the best possible terms.

John S.

Truly a pleasure having ABL on every deal! Thanks to their lending expertise and timely support and guidance throughout the process to get the best loan for my deals. I can see my company growth from 1-2 flips to numerous flips, new construction, and DSCR loan to grow my portfolio.

Pedro E.

Asset Based Lending is the place to shop for all your construction needs. Their easy funding policy, makes life so much simpler for any builder to focus on building and not be worried about financing project. Boris was supper helpful to accommodate me with all me financing needs.

Ray P.