Ohio Hard Money Lenders for Fix & Flip, Construction, and DSCR Rentals

 

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Get the Funding you need with Ohio Hard Money Loans from HardMoneyMan.com LLC

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Funding Solutions for Ohio Real Estate Investors

Submitting your application package to Hard Money Lenders Ohio is quick and easy.

American Association of private lenders member
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Ohio Hard Money Loans — Fast Funding for Real Estate Investors

HardMoneyMan.com LLC is your direct Ohio hard money lender, offering fix and flip, ground-up construction, and 30-year DSCR rental loans. We’ve funded over 26,000 deals totaling $3.5 billion—many right here in Ohio.

 Why Ohio Investors Choose Us

  • Direct lending — no middlemen, fast approvals

  • Funding in as little as 7 days

  • Zero upfront fees & no BS underwriting

  • Seasoned team led by Ken Vesely who’s closed over 25K deals personally

  • Serving Columbus, Cleveland, Cincinnati, Dayton & beyond

Ohio Fix and Flip Loans

Get the capital you need to buy, renovate, and resell investment properties across Ohio.

FeatureDetails
Loan Amounts$50K–$3M
Term12 months
Interest-Only?Yes
Speed to CloseAs fast as 7 days
Credit RequirementFlexible underwriting

Ground-Up Construction Loans in Ohio

Perfect for builders and developers seeking fast capital for new residential projects.

  • Finance land acquisition and vertical build

  • Interest-only during construction

  • Quick draw schedules and minimal red tape

  • Available statewide in suburban and urban areas only.

30-Year Rental Loans (DSCR)

Long-term financing based on property cash flow — not your W2 income

  • No personal income verification

  • DSCR as low as 1.05 accepted

  • Great for BRRRR investors

  • Refinance, cash-out, or stabilize post-rehab

Ohio Market Outlook — 2025 Rental & Rehab Opportunities

Demand remains strong in top metros due to affordable pricing, job growth, and limited inventory. Whether you’re buying distressed single-family homes or scaling a rental portfolio, data shows solid ROI opportunities:

  • High rental demand in Columbus and Cincinnati due to population inflow
  • Inventory gaps in Cleveland favor spec builds and infill lots
  • DSCR-based financing lets landlords bypass income verification for fast closings

Ohio Hard Money Lenders & Private Financing

With over 2,000 loans closed since 1998, HardMoneyMan.com LLC is Ohio’s go-to private lender for fast, reliable funding. Whether you’re flipping, building, or holding rentals, we specialize in:

  • Fix & Flip Loans

  • 30-Year Rental & Portfolio Loans

  • Ground-Up Construction

  • Bridge Loans for Multifamily (5+ Units)

Our expert team knows Ohio’s real estate markets — from Cleveland to Cincinnati — and backs every deal with speed, transparency, and true lending flexibility.

Why choose us? Speak directly with decision-makers (no middlemen, no sales scripts), and get underwriting, closing, and construction draws done in-house. We under promise and overdeliver, every time.

 Start your next Ohio deal with HardMoneyMan — where quick closes and investor-first service set us apart.

We Lend in:

Columbus, Cleveland, Cincinnatti, Toledo, Akron, Dayton, Parma, Canton, Youngstown, Lorain and other cities in Ohio

Ohio Fix and Flip Loans

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Ohio Construction Loans

Ohio Rental Loans

Ohio Multi Family Loans

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We're in the Business

We’ve rehabbed, sold and rented investment properties ourselves. We know what to look for so you can be confident that your project will result in profit. 

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We're a Direct Lender

We loan the money. We don’t find the money form someone else. This means you can rest easy knowing that if we approve your loan, it’s going to get funded. No surprises.

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We're Fast and Efficient

We can give you preliminary approval in as little as 24 hours and have your loan closed and paid out in less than 7-10 days. We’re one of the most efficient hard money lenders in Ohio.

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We're Investor Focused

We consider you our partner and we want you to make money. We make it a point to look at our loans from all angles to make sure you’re going to get a fair return. 

  Maximizing Your Profit: How a Hard Money Loan Can Help Your Ohio Real Estate Investing

Investing in real estate can be a lucrative venture, but it can also be a challenging one. If you’re a real estate investor in Ohio, you know that finding a property with the potential for a high return on investment can be tough. Even if you do find the right property, it may need significant repairs and renovations before it’s ready to sell. That’s where fix and flip loans come in. These loans are specifically designed for real estate investors who buy distressed properties, renovate them, and sell them for a profit. In this article, we’ll explore how fix and flip loans can help you maximize your profit on your Ohio real estate investment. We’ll cover everything from the benefits of fix and flip loans to how to qualify for one. So, if you’re ready to take your real estate investment to the next level, keep reading to learn more about hard money loans in Ohio.

Understanding Ohio Hard Money Loans 

One type of hard money loan in Ohio is a fix and flip loan, it is used to cover the cost of purchasing and renovating the property. The loan is secured by the property itself, which means that if the borrower defaults on the loan, the lender can take possession of the property by foreclosure.

Hard money loans are different from traditional mortgage loans because they are designed for a specific purpose and have different requirements. For example, traditional mortgage loans are typically used to purchase a home that the borrower intends to live in. These loans have longer terms and lower interest rates because the borrower is less of a risk. In contrast, Ohio hard money loans have shorter terms and higher interest rates because the deal is not a typical bankable deal.

The main advantage of a fix and flip loan is that it allows real estate investors to purchase distressed properties that they would not be able to purchase otherwise. These properties are typically sold at a discount because they need significant repairs and renovations. With a fix and flip loan, investors can purchase these properties and make the necessary renovations to increase their value.

Benefits of Fix and Flip Loans for Real Estate Investors

There are several benefits to using a fix and flip loan for your Ohio real estate investment. One of the main benefits is that it allows you to purchase properties that you would not be able to purchase otherwise. Distressed properties are typically sold at a discount because they need significant repairs and renovations. With a fix and flip loan, you can purchase these properties and make the necessary renovations to increase their value.

Another benefit of fix and flip loans is that they are specifically designed for real estate investors. This means that the loan terms are tailored to your needs as an investor. For example, fix and flip loans have shorter terms than traditional mortgage loans, which means that you can pay off the loan quicker and move on to your next investment.

Finally, fix and flip loans can help you maximize your profit on your Ohio real estate investment. By purchasing distressed properties at a discount and making the necessary renovations, you can increase the value of the property and sell it for a higher price. This allows you to make a significant profit on your investment.

Ohio Real Estate Market Overview

Before you decide to invest in Ohio real estate, it’s important to understand the current market
conditions. Overall, the Ohio real estate market is stable, with steady growth in home values over the
past few years. According to Zillow, the median home value in Ohio is $157,300, which is slightly below
the national average of $184,700.

One of the main drivers of the Ohio real estate market is the diverse economy. Ohio is home to a variety
of industries, including healthcare, manufacturing, and finance. This means that there are plenty of job
opportunities and a stable economy, which makes it an attractive place to live.

When it comes to real estate investing in Ohio, there are several cities that are worth considering.
Columbus, Cleveland, and Cincinnati are all growing cities with strong economies and growing
populations. These cities offer a variety of investment opportunities, from fix and flip properties to rental
properties.

How to Qualify for a Fix and Flip Loan in Ohio

To qualify for a fix and flip loan in Ohio, you will need to meet certain requirements. The exact requirements may vary depending on the lender, but here are some general guidelines to keep in mind:

1. Good credit: Most lenders will require a credit score of at least 600 to qualify for a fix and flip loan. However, some lenders may require a higher credit score, so it’s important to check with the lender before you apply.
2. Down payment: You will typically need to make a down payment of at least 20% of the purchase price
of the property. This shows the lender that you have some skin in the game and reduces their risk.
3. Experience: Some lenders may require that you have experience in real estate investing before they
will approve your loan. This is because fix and flip loans are riskier than traditional mortgage loans, and
lenders want to make sure that you know what you’re doing.
4. Property: The property itself will also be a factor in your loan approval. Lenders will look at the
location, condition, and potential value of the property to determine if it’s a good investment.

Finding the Right Lender for Your Fix and Flip Loan

Once you’ve determined that a fix and flip loan is right for your Ohio real estate investment, the next
step is to find the right lender. There are several factors to consider when choosing a lender, including:
1. Interest rates: Fix and flip loans typically have higher interest rates than traditional mortgage loans, so
it’s important to compare rates from multiple lenders to find the best deal.
2. Loan terms: Fix and flip loans have shorter terms than traditional mortgage loans, but the exact terms
may vary from lender to lender. Make sure to read the fine print and understand the terms of the loan
before you sign.
3. Fees: Some lenders may charge additional fees, such as origination fees or prepayment penalties.
Make sure to ask about any fees upfront so that you can factor them into your overall cost.
4. Reputation: Finally, it’s important to choose a lender with a good reputation. Look for lenders that have
experience working with real estate investors and have positive reviews from other borrowers.

The Fix and Flip Loan Process

Once you’ve found the right lender and applied for your fix and flip loan, the next step is to go through
the loan process. Here’s a general overview of what to expect:

1. Application: You will need to fill out an application and provide documentation, such as tax returns and
bank statements, to prove your income and assets.
2. Property evaluation: The lender will evaluate the property to determine its value and potential for
renovation. This may involve an appraisal or inspection.
3. Loan approval: If you meet the lender’s requirements and the property meets their criteria, you will be
approved for the loan.
4. Closing: Once the loan is approved, you will need to sign the loan documents and pay any closing
costs.
5. Renovation: With the loan funds in hand, you can begin making the necessary renovations to the
property.
6. Sale: Once the renovations are complete, you can sell the property and pay off the loan.

Tips for Maximizing Your Profit with a Fix and Flip Loan

If you want to maximize your profit on your Ohio real estate investment, here are some tips to keep in
mind:

1. Choose the right property: Look for distressed properties with potential for renovation and resale.
Make sure to factor in the cost of renovations when determining the potential profit.
2. Stick to a budget: Set a budget for renovations and stick to it. Going over budget can eat into your
profits and make the investment less lucrative.
3. Hire the right contractors: Make sure to hire experienced contractors who can complete the
renovations on time and on budget.
4. Price the property correctly: Price the property based on its value after renovations, not its current
value. Overpricing the property can make it harder to sell and reduce your profit.
5. Market the property effectively: Use effective marketing strategies, such as staging and professional
photography, to attract potential buyers and sell the property quickly.

Common Mistakes to Avoid When Using Fix and Flip Loans

While fix and flip loans can be a great way to maximize your profit on your Ohio real estate investment,
there are also some common mistakes to avoid. Here are a few to keep in mind:

1. Overestimating the potential profit: Make sure to factor in all of the costs of the investment, including
the cost of the loan, renovations, and selling the property. Overestimating the potential profit can lead to
disappointment and financial loss.
2. Underestimating the cost of renovations: Make sure to get accurate estimates for the cost of
renovations before you purchase the property. Underestimating the cost of renovations can lead to going
over budget and eating into your profits.
3. Choosing the wrong property: Make sure to choose a property with the potential for renovation and
resale. Choosing the wrong property can lead to a loss on your investment.
4. Not doing enough research: Do your due diligence before purchasing a property. This includes
researching the market, the property’s history, and potential renovation costs.

Success Stories of Real Estate Investors Using Fix and Flip Loans in Ohio

There are many success stories of real estate investors using fix and flip loans in Ohio. For example, one
investor in Columbus purchased a distressed property for $80,000, invested $50,000 in renovations, and
sold the property for $200,000, making a profit of $70,000. Another investor in Cleveland purchased a
distressed property for $30,000, invested $20,000 in renovations, and sold the property for $110,000,
making a profit of $60,000.

These success stories show the potential for using fix and flip loans to maximize your profit on your Ohio
real estate investment.

Conclusion

If you’re a real estate investor in Ohio, a fix and flip loan can be a great way to maximize your profit on
your investment. By purchasing distressed properties, making the necessary renovations, and selling the
property for a higher price, you can make a significant profit. However, it’s important to do your due
diligence and choose the right property, lender, and contractors to ensure a successful investment. With
the right strategy and a little bit of luck, you can achieve success in the Ohio real estate market with a fix
and flip loan.

Ohio Hard Money Lenders - FAQ's

Ohio Hard Money Lenders – FAQ’s

Yes. We fund deals statewide: Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Youngstown, and more.
Not for all loan programs. We focus on asset value and deal strength in our asset based program.
Yes, during the term for our fix and flip and construction loans.
Absolutely. We guide beginners through the entire process.
As quickly as 7 days with a complete file.

Get Approved with the #1 Hard Money Lenders Ohio Today!

Simple and Fast Application Process