Hard money lenders in Ohio

The Ohio market

Ohio offers some of the best cash-flow math in the country for BRRRR: sub-$200,000 acquisitions, rents that clear the 1% rule, and strong DSCR exit demand. Columbus is the growth story; Cleveland and Cincinnati are yield plays.

Licensing

The Ohio Residential Mortgage Lending Act applies to loans primarily for personal, family or household purposes; business-purpose loans to entities are generally outside its scope.

Usury and interest-rate rules

Ohio’s 8% statutory rate yields to written agreements on business loans and loans above $100,000, so business-purpose hard money is effectively uncapped when documented correctly.

Foreclosure and lender risk

Ohio uses judicial foreclosure as its primary method, with a typical timeline of judicial — commonly 6 to 12 months. Judicial process means a lender must sue to recover collateral, which lengthens recovery and raises cost — lenders compensate with lower leverage (often 5 points lower) and higher rates than in non-judicial states.

What is different here

Judicial foreclosure and lower price points mean lenders require more equity and often impose $75,000–$100,000 loan minimums that exclude some Cleveland and Dayton deals. Point-of-sale inspection ordinances in several Cleveland suburbs affect flip timelines.

Lenders active in Ohio

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