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Investment property loans · Summit County, OH

Hard money, fix and flip and DSCR loans in Akron, OH

Akron's housing grew with the rubber industry: the city's population roughly tripled between 1910 and 1920, and tire makers built whole neighborhoods such as Goodyear Heights and Firestone Park for their workers. Investors look at houses in those company-built areas, pre-1940 homes in Middlebury and student rentals near the University of Akron for flips and buy-and-hold rentals, and they plan for both a city rental registration and a one-time county filing.

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Where investors buy

Neighborhoods investors look at in Akron

Akron's rubber companies shaped its housing: Goodyear Heights and Firestone Park were laid out to house workers and their families, and many of their homes followed mail-order plans. Middlebury, the first settlement in what is now Akron, has the city's highest share of pre-1940 housing, while Highland Square mixes older and newer apartment buildings.
Firestone ParkHarvey Firestone started this neighborhood for his workers, with tree-lined boulevards around a central park and a mix of home styles meant for families with different incomes.
Goodyear HeightsFrank Seiberling bought farmland near the Goodyear plant to house workers starting around 1910, though most of the houses standing today were built between 1940 and 1980.
KenmoreKenmore grew fast between 1910 and 1920 as its own small city, joined Akron in 1929, and still has Kenmore Boulevard as its commercial street.
Highland SquareDenser than most of Akron, Highland Square has many historic and newer apartment buildings, especially along West Market Street.
MiddleburyAkron's original settlement on the Little Cuyahoga River, Middlebury has more housing built before 1940, as a share of its stock, than any other city neighborhood.
University ParkNext to the University of Akron, this neighborhood has a large amount of student rental housing, with working-class blocks to the south and east of campus.

Loan programs

Loans for Akron real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Akron

30-year loans for Akron rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Akron

Buy and renovate in Akron with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Akron

Close quickly on a Akron property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Akron

Financing for new builds in Akron, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Akron

Financing for Akron apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Akron

Local rules and costs that change a deal's numbers or closing date in Akron and Summit County. Sources are listed at the bottom of the page.
  • Check the City of Akron's annual rental registration with the Housing Compliance Division, which has run since 1997, and confirm the current per-unit fee before closing.
  • File the Summit County residential rental registry too: it is a one-time county filing with no fee, required even when the property is registered with the city, changes have to be reported, and a missed filing can bring a $50 to $150 special assessment.
  • Budget for Summit County's conveyance fee: $4 per $1,000 of the sale price, rounded up to the next $100, plus 50 cents per lot in the legal description.
  • Run property-tax estimates without the owner-occupancy reduction, which Summit County does not allow on rental property.

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Have a Akron property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Akron: common questions

Do you offer hard money loans in Akron?

Yes. United Lending LLC offers private real estate financing for investors in Akron and the rest of Summit County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Akron?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Firestone Park, Goodyear Heights and Kenmore, among other parts of Akron.

How much can I borrow for a Akron flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Akron?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Akron or have a Ohio LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Ohio, your loan officer will tell you what's needed before closing.

Ohio

More places we lend in Ohio

Sources (6)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. Akron City Council Ward 8 meeting, Housing Compliance Division presentation (Jan 2025, PDF)
  2. Summit County Fiscal Office: Residential Rental Registry
  3. Summit County Fiscal Office: Recording and conveyance fees
  4. Summit County Fiscal Office: Owner-Occupancy Tax Reduction
  5. Wikipedia: Akron, Ohio
  6. Wikipedia: Neighborhoods in Akron, Ohio