Asset Based Lending Achieves Major Milestone with 10,000th Project Funded
In a remarkable achievement, Asset Based Lending (ABL) has successfully funded its 10,000th real estate investment project. This milestone reflects the company's commitment to its clients and the real estate market at large, as ABL continues to innovate and provide valuable financial services to real estate investors across the United States. Founded in 2010, ABL has transformed the lending landscape by offering fast and trustworthy solutions for real estate investment funding.
Having funded over $4.4 billion through various loan types—including fix-and-flip, ground-up construction, and bridge loans—ABL has established itself as a pivotal player in the real estate finance industry. The company operates in all 43 states, catering to a wide array of borrowers, from seasoned investors to those entering the market for the first time. This breadth of service showcases ABL’s adaptability and understanding of diverse investment strategies.
One unique aspect of ABL’s business model is the high rate of repeat customers, which exceeds 50%. This statistic points to the trust and satisfaction that clients have for ABL’s services. Kevin Rodman, CEO of Asset Based Lending, highlighted the importance of each project, noting that, “Every loan represents an investor pursuing an opportunity, developing a home in a supply-constrained market.” This sentiment underscores the impact of ABL’s lending on local communities and the broader economy.
The recent growth has been nothing short of remarkable. In the second quarter of the current year, ABL recorded its highest performance to date, funding projects at a rate 20% higher than previous records. Notably, the volume of residential transitional lending surged by 65% year-over-year, further establishing ABL as a leader in the sector. Multiple milestones in single funding months were surpassed, showcasing a strong demand for ABL’s reliable funding solutions.
Furthermore, the company's ability to manage nearly 800 loan draws per month—with approvals as swift as 24 hours—demonstrates ABL’s efficiency and commitment to client service. Loan closings can occur in as few as 10 business days, highlighting a streamlined process that appeals to investors eager to capitalize on opportunities.
As ABL approaches this significant milestone, its focus remains on being a trusted advisor to its numerous clients. The firm has made substantial investments in technology and talent to enhance the lending experience and meet the evolving needs of its clients. Additionally, ABL has undertaken three securitizations, raising over $500 million, which fortifies its capital base and ensures stability for its diverse portfolio of investors.
In conclusion, Asset Based Lending's achievement of funding its 10,000th project is more than just a number—it's an affirmation of its role as a crucial ally to real estate investors. As the company continues to expand and innovate, it pledges to support clients in pursuing new opportunities and fostering business growth. With such a strong foundation, the future looks promising for ABL and the investors it serves. To discover more about their offerings and services, visit ABL's website.
Having funded over $4.4 billion through various loan types—including fix-and-flip, ground-up construction, and bridge loans—ABL has established itself as a pivotal player in the real estate finance industry. The company operates in all 43 states, catering to a wide array of borrowers, from seasoned investors to those entering the market for the first time. This breadth of service showcases ABL’s adaptability and understanding of diverse investment strategies.
One unique aspect of ABL’s business model is the high rate of repeat customers, which exceeds 50%. This statistic points to the trust and satisfaction that clients have for ABL’s services. Kevin Rodman, CEO of Asset Based Lending, highlighted the importance of each project, noting that, “Every loan represents an investor pursuing an opportunity, developing a home in a supply-constrained market.” This sentiment underscores the impact of ABL’s lending on local communities and the broader economy.
The recent growth has been nothing short of remarkable. In the second quarter of the current year, ABL recorded its highest performance to date, funding projects at a rate 20% higher than previous records. Notably, the volume of residential transitional lending surged by 65% year-over-year, further establishing ABL as a leader in the sector. Multiple milestones in single funding months were surpassed, showcasing a strong demand for ABL’s reliable funding solutions.
Furthermore, the company's ability to manage nearly 800 loan draws per month—with approvals as swift as 24 hours—demonstrates ABL’s efficiency and commitment to client service. Loan closings can occur in as few as 10 business days, highlighting a streamlined process that appeals to investors eager to capitalize on opportunities.
As ABL approaches this significant milestone, its focus remains on being a trusted advisor to its numerous clients. The firm has made substantial investments in technology and talent to enhance the lending experience and meet the evolving needs of its clients. Additionally, ABL has undertaken three securitizations, raising over $500 million, which fortifies its capital base and ensures stability for its diverse portfolio of investors.
In conclusion, Asset Based Lending's achievement of funding its 10,000th project is more than just a number—it's an affirmation of its role as a crucial ally to real estate investors. As the company continues to expand and innovate, it pledges to support clients in pursuing new opportunities and fostering business growth. With such a strong foundation, the future looks promising for ABL and the investors it serves. To discover more about their offerings and services, visit ABL's website.
Topics Financial Services & Investing）
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