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Top Hard Money Lender — Lorain
CambridgeHomeLoan specializes in investor loans across Lorain — including areas like West Erie, South Lorain, and Lakeview.
- Funding within 5–7 business days
- Low documentation required
- Minimal credit score restrictions
- Perfect for flips, rentals & new builds
- Easy and fast approval process
Real Hard Money Lenders Serving Lorain
Hard Money Loans — Close Quickly
Investors in Black River or Charleston Avenue use these loans to beat traditional financing timelines.
DSCR Loans — Cash Flow Over Credit
Perfect for duplexes and fourplexes around Oberlin Avenue where rental income drives approval.
Fix & Flip Loans — Rehab With Speed
Restore homes in areas like 10th Street or Maple Heights with funding tailored for renovations.
Bridge Loans — Move Without Waiting
Secure your next property near Broadway before selling your current asset.
Multifamily Loans — Expand Your Portfolio
Capitalize on multifamily units near Lakeview Park and bring in steady rental cash flow.
Construction Loans — Build Lorain Projects
Finance ground-up builds in developing pockets like Meister Road or Elyria Avenue.
Requirements for Hard Money Loan in Lorain, Ohio
Hard money loans in Lorain are designed for speed and flexibility — but investors must still meet a few basic conditions. Here’s what lenders typically expect:
- Equity or Down Payment: 20–30% equity in the property or a similar down payment is usually required.
- Exit Strategy: A clear plan to repay the loan — either through sale, refinance, or rental income — is essential.
- Property Condition: While distressed is okay, properties must have strong value-add potential.
- Investor Experience: Not mandatory, but experience with flips or rentals improves your approval odds.
- Market Analysis: Lenders favor deals with comps supporting ARV (After Repair Value) in Lorain’s neighborhoods.
If you’re flipping a fixer-upper near Pearl Avenue or building new on vacant land near Edgewater Drive, hard money lenders can help — fast and without the red tape of traditional banks.