There are plenty of lucrative opportunities in Ohio and Do Hard Money is here to help you get hard money fast for your next retail deal or refinance property in the Buckeye State.
Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.
Ohio House Flipping Loans
Never flipped a house? We can finance your deal. Experienced flipper? You’ll love our terms.
No and low cash to close house flips are our specialty, but it is just one of our funding solutions.
Loan based on after repair value, not your credit score
Rental Property Funding
Experience is required, at least one current rental property, although it does not need to be in Ohio.
Funding for properties of 1-4 units
Up to 80% LTV
Ohio Hard Money Loan Terms for Directly Funded Deals
What Kind of Funding Is Available?
Up to 100% Financing Available
We fund up to 70% of the ARV
Minimum ARV of $70,000
No minimum loan amount
Maximum loan amount $250,000
Loan term 5 months
What Will It Cost?
Interest starting at 1.25% per month
Origination starting at 5.5%
No monthly payments
No and low cash to close options available
Gap financing allowed
No pre-payment penalty
Why Use DoHardMoney?
Full disclosure at time of loan offer
Proprietary foreclosure protection
No experience required
No minimum credit score required
Simultaneous deals allowed
I recently joined DoHardMoney.com and they have been very helpful, not only on the money side but also in providing the information to enhance my business. Support has been great. I feel fortunate to have found a company that has its clients’ best interests at heart.
*Ohio hard money loans will be extended to borrowers presenting qualified properties. DHM does not guarantee that each or any particular deal funded will result in profit
Ohio Real Estate Market Statistics (2015)
Ohio is one of the most gorgeous states to live in the U.S., known for its abundance of rivers and geographically diverse terrain. The weather in Ohio is fairly moderate year-round and you never have to worry about freezing winter months. Ohio is a fantastic, solid market for real estate, with home flips increasing 13% over the past year and home values rising 3.5%. Ohio is a red-hot real estate market, with their current inventory of homes not being able to keep up with the demand. According to 10tv.com, “The Columbus housing market is at an all new high since the Great Recession.” Once you find an Ohio property and rehab it, finding a buyer for your home will be extremely easy. In fact, you’ll be more likely to have people lined up around the block to view your property and bidding wars will ensue, leading to a greater return on your investment.
Number of Houses Flipped
% Change in Houses Flipped
More About Ohio Real Estate Investing
Knowing how to navigate in Ohio is important (towards the lake is north and towards the river is south), and it takes a little bit of “locals only” knowledge to navigate the real estate financing industry.
For example, many REIs don’t know that hard money loans also go by other names, such as bridge loans and private money loans. All three loans are the same types of loans.
Our Ohio hard money loans also offer investors strategic benefits when it comes to investing, especially fix and flip investing and real estate flipping. The major advantage is that hard money loans determine the loan amount based on the after repair value of the investment property, which is much different than traditional lenders.
Finally, hard money loans dont require investigation into your credit history or other personal financials for approval. Makes sense for investing, right? Because investing is all about the property (Oh yeah, and the profits!)
Over the last few years, Ohio real estate investors have supported their market with the same level of fervor that they support their football teams, and thats saying something.
The Ohio real estate market is primed for great deals, and that is why were able to offer affordable Ohio hard money loans for residential rehabs and refinances.
Take a look below at a list of Ohio cities and counties where DoHardMoney is ready to lend:
Adams County, Akron, Allen County, Alliance, Amherst, Ashland, Ashtabula, Ashtabula County, Athens, Athens County, Aurora, Austintown, Avon, Avon Lake, Barberton, Bay Village, Beachwood, Beavercreek, Bedford, Bedford Heights, Bellefontaine, Belmont County, Berea, Boardman, Bowling Green, Brecksville, Broadview Heights, Brook Park, Brooklyn, Brunswick, Canton, Centerville, Champaign County, Chillicothe, Cincinnati, Circleville, Cleveland, Cleveland Heights, Columbiana County, Columbus, Cuyahoga Falls, Dayton, Defiance, Delaware, Delaware County, Dublin, East Cleveland, East Liverpool, Eastlake, Elyria, Englewood, Erie County, Euclid, Fairborn, Fairfield, Fairfield County, Fairview Park, Findlay,Finneytown, Forest Park, Forestville, Fostoria, Franklin County, Fremont, Gahanna Galion, Garfield Heights, Geauga County, Green,Greenville, Grove City, Hamilton, Hamilton County, Hilliard, Huber Heights, Hudson, Jefferson County, Kent, Kenton, Kenwood, Kettering, Kirtland, Lake County, Lakewood, Lancaster, Lande, Lebanon, Lima, Lorain, Loveland, Lyndhurst, Macedonia, Madeira, Mansfield, Maple Heights, Marietta, Marion, Martins Ferry, Marysville, Mason, Massillon, Maumee, Mayfield Heights, Medina, Medina County, Mentor, Miami, Miami County, Miamisburg, Middleburg Heights, Middletown, Mount Vernon, Napoleon, New Philadelphia, Newark, Niles, North Canton, North Olmsted, North Ridgeville, North Royalton, Norton, Norwalk, Norwood, Oregon, Oxford, Painesville, Parma, Parma Heights, Pataskala, Perrysburg, Pickerington, Piqua, Portage County, Port Clinton, Portsmouth, Reynoldsburg Riverside, Richland County, Rocky River, Salem, Sandusky, Sandusky South, Seneca County, Seven Hills, Shaker Heights, Sharonville, Sheffield Lake, Shelby, Sidney,Solon, South Euclid, Springboro, Springdale, Springfield, St. Marys, Steubenville, Stow, Strongsville, Summit County, Sylvania, Tallmadge, Tiffin, Toledo, Trenton, Trotwood,Troy, Tuscarawas County, Twinsburg, University Heights, Upper Arlington, Vandalia, Vermilion, Wadsworth, Warren, Warrensville Heights, Washington, West Carrollton City, Westerville, Westlake, White Oak, Whitehall, Wickliffe, Willoughby, Willowick, Wilmington, Wood County, Wooster, Worthington, Wyoming, Xenia, Youngstown, Zanesville, and more.