Long Island Hard Money Lenders

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.

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Island’s Best Hard Money Lender

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Fix And Flip Loans
New Construction Loans
Long Island Rental Loans

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.

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.

Long Island 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% 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.

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Our Promise to You

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Fast Processing

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Zero Points Required

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Local Expert Support

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

Proven Reliability

Get preapproved within 24 hours and close in as few as 3 days. We understand you need to move fast, and by working with a direct lender like us who requires minimal paperwork, you can.

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Real Reviews from Real Borrowers