7901 4th St N, Suite 10265, St. Petersburg, FL 33702 |

698 NE 1st Ave, Miami, FL 33132

Hard Money Lenders FLORIDA

Lender of choice for investors across Florida. We’re fast, fairly priced, and we’ll get your deal done!

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Hard Money Lenders Ohio

Ohio Hard Money Loans for Fix and Flips and Ground Up Construction

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Ohio

Fix & Flip Loan

Sample Deal

Loan Amount: $232,625

82.5% of Purchase + 100% of Rehab

Rate 11.25%
12 Months

Points 2.5%
14 Days to Close

Featured In

Why We’re The Best Hard Money Lender In OHio

We pride ourselves on being one of the best hard money lenders in Ohio for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

We provide competitive Terms on Ohio investment property loans.
Ohio Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Ohio loan product.

Simple Online Application

Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

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Reliable Financing

Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

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Ohio Hard Money Loan Products

Ohio Fix and Flip Loan

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

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Ohio DSCR Loan

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 1.0%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

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Ground Up Construction

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

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OHIO Hard Money Loan process

Our lending process for Ohio investment properties is simple and quick. Ridge Street closes loans in as little as 7 business days.

Apply Or Get Pre-Approved Online

~ 2mins

Fill out a 2 Min Quick App with info about your Ohio based project. We need some preliminary information so that we can accurately evaluate your deal.

If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from on of our team members, select an option below.

Request A Term Sheet | Get Pre-Approved | Schedule A Call

Hard Money Loan Process Step 2 Container

Receive your Term Sheet

~ 2mins

Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.

Hard Money Loan Process Step 3 Container

Submit Docs

~ 1-3 days

Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.

Appraisal or BPO

~ 2-7 days

Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.

Hard Money Loan Process Step 5 Container

Closing

~ 1-3 days

Once we have the completed document package, we'll schedule your closing within 1-3 business days.

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Featured Ohio Hard Money Loan

State

Loan Type

Loan Amount

Loan Amount (if applicable)

Rate

Points

ohio Deal Summary

This 4-bedroom, 3-bathroom property in Mansfield was a promising BRRRR investment opportunity. Purchased for $185,000, the investor planned an $80,000 renovation to modernize the property and enhance its rental appeal. With an ARV of $350,000 and strong rental demand in the area, the deal presented a clear path to profitability. Ridge Street Capital provided financing tailored to support the investor’s growing experience.

Keyword Highlights:

Competitive LTV: Ridge Street covered 82.5% of the $185,000 purchase price and 100% of the $80,000 rehab budget.
Experienced Borrower: The client had completed 1 previous project, demonstrating their ability to execute their BRRRR strategy.
Refinance-Ready ARV: With a projected $350,000 after-repair value and $2,400 monthly rent, a clear path to cash out refinance was demonstrated.

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What are DSCR Loans used for in Texas?

Ohio

1. Cincinnati

2. Cleveland

3. Columbus

What are Hard Money Loans Used For In Ohio?

Real Estate Investors in Ohio use hard money loans to purchase, rehab, and construct investment properties.
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
Hard money loans allow Ohio real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
As Ohio real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

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Real Estate Investors in Ohio use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Ohio real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Ohio real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

Get Approved Online

Best Cities To Invest In Real Estate In Ohio

Cincinnati

Cincinnati, OH, presents a thriving real estate market driven by a diverse economy and a strategic location along the Ohio River. As a hub for industries like healthcare, finance, and manufacturing, Cincinnati attracts a steady influx of professionals and families, fueling housing demand. The city's affordability, vibrant cultural scene, and historic charm make it appealing to renters and homebuyers alike. With opportunities in single-family rentals, multifamily developments, and fix-and-flip projects, Cincinnati offers real estate investors a dynamic market with strong potential for growth and profitability.

Get a loan in Cincinnati

Clevland

Cleveland, OH, is a revitalizing real estate market offering exciting opportunities for investors. Known for its rich industrial history and cultural landmarks like the Rock and Roll Hall of Fame, Cleveland attracts residents with its affordable housing and strong sense of community. The city’s economy, anchored by healthcare, education, and manufacturing, supports a stable demand for rentals and homeownership. With opportunities in single-family homes, multifamily properties, and fix-and-flip projects, Cleveland offers a balanced market primed for steady growth and attractive returns.

Get a loan in Clevland

Columbus

Columbus, OH, offers a prime market for real estate investors seeking distressed property opportunities. As one of the fastest-growing cities in the Midwest, Columbus combines strong housing demand with a steady supply of undervalued properties in up-and-coming neighborhoods. The city’s diverse economy, driven by education, technology, and healthcare, attracts a growing population, fueling demand for renovated homes and rental properties. With opportunities to acquire and transform distressed homes into profitable investments, Columbus is an ideal market for fix-and-flip projects and value-add rental strategies.

Get a loan in Columbus

Akron

Akron, OH, presents a unique real estate market defined by affordability and revitalization opportunities. Once an industrial hub, the city is evolving with growth in healthcare, education, and manufacturing sectors, creating steady demand for housing. Investors can capitalize on Akron’s aging housing stock by acquiring distressed properties for fix-and-flip projects or converting them into value-add rentals. Neighborhoods like Highland Square and Goodyear Heights are experiencing renewal, offering potential for appreciation. With low entry costs and rising interest in revitalized communities, Akron provides a fertile ground for strategic real estate investments.

Get a loan In AKron

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Ohio?

To qualify for a hard money loan in Ohio with Ridge Street you need:

A Credit Score of 640+
A profitable deal with at least a 10% ROI
An LLC or a Corporation Registered In Ohio

What types of properties can I finance with a hard money loan in Ohio?

Ridge Street finances the following property types:

Residential 1-4 Units
Multifamily 5-50 Units
Commercial (Select properties)

What are the interest rates and terms for hard money loans in Ohio?

“Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Ohio is 10.75% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Ohio?

Ridge Street closes hard money loans in as little as 7 business days.

Are there any state-specific regulations for getting a hard money loan in Ohio?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Ohio.

Can I use a hard money loan to finance a fix and flip in Ohio?

Absolutely. This is the main use of a hard money loan in Ohio.

What is the loan-to-value (LTV) ratio for a hard money loan in Ohio?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Ohio?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

Other Resources You’ll Like

November 9, 2024

Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

September 6, 2024

Can You Get A DSCR Loan With No Down Payment?

Learn how to preserve your cash when investing in rental properties so you can invest in real estate without having to continuously raise capital.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

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With Ridge Street, obtaining an investment property loan is easier than you think! You can get pre-approved online and a Term Sheet that meets your needs will be sent to you within 1-2 business hours.

Get Approved Online

Hard Money Lenders FLORIDA

Hard Money Lenders Ohio

Why We’re The Best Hard Money Lender In OHio

Competitive Terms

Simple Online Application

Quick Turn Around

Reliable Financing

Ohio Hard Money Loan Products

Ohio Fix and Flip Loan

Ohio DSCR Loan

Ground Up Construction

OHIO Hard Money Loan process

Apply Or Get Pre-Approved Online

Receive your Term Sheet

Submit Docs

Appraisal or BPO

Closing

Featured Ohio Hard Money Loan

ohio Deal Summary

What are DSCR Loans used for in Texas?

What are Hard Money Loans Used For In Ohio?

Best Cities To Invest In Real Estate In Ohio

Cincinnati

Clevland

Columbus

Akron

Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Ohio?

What types of properties can I finance with a hard money loan in Ohio?

What are the interest rates and terms for hard money loans in Ohio?

How fast can I get a hard money loan in Ohio?

Are there any state-specific regulations for getting a hard money loan in Ohio?

Can I use a hard money loan to finance a fix and flip in Ohio?

What is the loan-to-value (LTV) ratio for a hard money loan in Ohio?

Can I use a hard money loan to finance a rental property in Ohio?

Other Resources You’ll Like

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Investor’s Guide To Real Estate Wholetailing

Fix and Flip Calculator

Can You Get A DSCR Loan With No Down Payment?

BRRRR Calculator

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