Great Lakes Private Lending for Ohio investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Ohio context
Ohio strongest cash flow markets in nation. Cleveland, Akron, Dayton, Youngstown all produce 0.7-1%+ rent-to-price ratios.
How Great Lakes Private Lending positions in Ohio
The Ohio lender pool for DSCR includes Great Lakes Private Lending among the active platforms. Ohio top metros (Columbus, Cleveland, Cincinnati) see meaningful Great Lakes Private Lending loan volume.
City-level coverage in Ohio
Great Lakes Private Lending provides DSCR coverage across Ohio metros including Columbus, Cleveland, and Cincinnati. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Ohio metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Ohio property tax | 1.6% |
| Ohio state income tax | 3.99% |
Great Lakes Private Lending strengths in Ohio
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Ohio coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Columbus is the top investor market in Ohio and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Columbus property tax follows the Ohio state rate of 1.6 percent. Great Lakes Private Lending typically underwrites Columbus acquisitions at standard rate sheets.
Yes. Cleveland ranks among the larger Ohio investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Cleveland matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Ohio metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Columbus, Cleveland, and Cincinnati all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Ohio strongest cash flow markets in nation. Cleveland, Akron, Dayton, Youngstown all produce 0.7-1%+ rent-to-price ratios. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Ohio.
Ohio allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
For Ohio DSCR borrowers, Great Lakes Private Lending is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.