Ohio Hard Money Lenders For Real Estate Investment

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.

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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.

Earl M, Troy, OH

Ohio Hard Money Lenders Loan Terms

Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Ohio.

100% Financing

If your deal is good enough we will cover 100% of the purchase price, rehab, and closing costs, points & interest.

LTV Basis

Our max loan amount is based on the after repair value, not the current value or purchase price. If the numbers line up, we will fund it.

Maximum LTV

We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.

Max Loan Amount

Our max loan amount is $250,000. For the markets we currently lend in, we’ve found this to be the sweet spot for real estate investing.

Minimum ARV

Our minimum ARV to lend on a property is $75,000. If it’s less than that there is just not enough profit to make it worth the effort for either party.

Multiple Deals

Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.

Interest Rate

Our interest rates of 1.25 – 1.50% per month fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.

Origination Points

We take on significant risk in offering 100% financing and our points of 5.5% – 6.5% is what keeps us in business.

Max Loan Term

The default loan term is set at 5 months, but we do allow up to three 1-month forbearance payments equal to 1.0% of the loan if you need more time.

Monthly Payments

With no monthly payments during the initial loan term you can focus 100% of your time on rehabbing and selling the property.

Minimum Credit

None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan

Min Cash-to-Close

We do not require a down payment on the property. If everything fits in 70% of the ARV you can come to the closing table with $0.00.

Pre-Pay Penalty

With no pre-payment penalty, fixing and flipping the property in a shorter amount of time can only deepen your pockets.

Required Experience

Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.

Gap Financing

We allow gap financing in the form of business lines of credit to help with cash-to-close when everything doesn’t fit in 70% of the ARV and we can help you get up to $100,000 in as little as 30 days.

Foreclosure Protection

Nobody else looks out for you like we do. We offer proprietary protection that nearly precludes the possibility of a foreclosure on your records even in the worst-case scenario.

Refinancing Available

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Full Disclosure

Unlike a lot of other lenders who hide the full cost of the loan until it’s too late… we want you to know what you’re getting into and disclose ALL costs upfront.

Recently Funded Real Estate Deals

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.

Housing Units
Number of Flips
% Change in Flips

Purchase Price

National Average: $294,600
Ohio Metro Areas: $144,750

Gross Margin

National Average: $55,000
Ohio Metro Areas: $41,200

Number of Houses Flipped

National Average: 179,778
Ohio Metro Areas: 6,525

% Change in Houses Flipped

National Average: 0.2%
Ohio Metro Areas: 13%

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.