Freedom Legacy Lending is a direct private money lender funding fix and flip, DSCR rental, bridge, ground up construction and rental portfolio loans on non owner occupied 1 to 4 unit properties in Ohio. Rates start at 7.5% for rentals and 10.5% for fix and flip, and most deals fund in about 3 weeks.
Our loan programs in Ohio
| Program | Best for | Rates from |
|---|---|---|
| Fix and Flip | Buy, renovate and sell 1 to 4 unit homes. | 10.5% |
| DSCR Rental | Long term loans qualified on the rent, not your tax returns. | 7.5% |
| Bridge | Short term money for finished or rent ready properties. | 10.5% |
| Ground Up Construction | Build spec, infill and tear down homes from the ground up. | 11.5% |
| Rental Portfolio | One loan for several rentals in the same state. | 7.5% |
Points are 2.50 under $1M and 2.00 at $1M and up. Standard lender fees are shown up front on your term sheet.
Where we lend in Ohio
We lend statewide, including:
- Columbus
- Cleveland
- Cincinnati
- Dayton
- Akron
- Toledo
What Ohio investors should know
Lower price points work
Our fix and flip loans start at $50K and DSCR rental loans at $75K, so lower priced Ohio properties can still fit our programs.
Older homes, bigger rehabs
Much of Ohio’s housing stock is older, so rehab budgets are often a large share of the deal. We fund up to 100% of the rehab, and Snap Draws are paid in 24 to 48 hours as the work gets done.
Rent to price ratios
Where rents are strong relative to purchase prices, DSCR math often works well. Our minimum DSCR is 1.05x. Run your numbers in the DSCR calculator before you submit.
Run your numbers first
See your DSCR, loan amount and cash to close with our free DSCR calculator and fix and flip calculator.
Questions
Do you lend in Ohio?
What is your smallest loan in Ohio?
Do I need flipping experience?
Can I put several Ohio rentals under one loan?
Free investor guide
Read Your Deal Like a Lender
A 14 page playbook from a direct lender. Learn how lenders size, score and fund 1 to 4 unit deals, so you can structure yours for the most leverage.
- The formula for your max offer price at full leverage
- DSCR math that tells you your loan size before you submit
- The BRRRR refinance test and the 180 day seasoning rule
- Ten deal killers, plus a printable Deal Worksheet
Get the free guide
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Have a deal in front of you?
Send the basics. You will hear from a loan officer, usually the same business day.