Asset Based Lending Achieves Milestone with $200 Million Securitization

Asset Based Lending Achieves Major Milestone with New Securitization

In a remarkable development within the finance sector, Asset Based Lending (ABL) has successfully completed its fourth securitization, amounting to a whopping $200 million. This deal, known as ABL 2026 RTL-1, not only represents the largest transaction in the company's history but also adds to ABL's cumulative securitization volume, which now stands at $723 million.

The securitization, which priced on October 15 and finalized on October 26, showcases a diversified pool primarily comprised of residential real estate loans specifically for business purposes. Notably, the transaction includes a significant focus on ground-up infill construction loans, highlighting ABL's 16 years of expertise in managing the intricacies and risks of residential development.

Kevin Rodman, CEO of ABL, expressed pride in the transaction, stating, “We are proud to lead the industry in financing ground-up construction while maintaining competitive pricing for the builders we serve.” This achievement underscores the solid foundation that ABL has established, backed by investor confidence in their creditworthiness. Rodman emphasized that “Every one of these loans puts new housing on the ground,” reiterating the company’s commitment to addressing housing shortages through strategic investments.

The recent transaction also demonstrates ABL's capability to adapt and thrive amid fluctuating market conditions. With rising volatility and increased caution among investors in the securitization landscape, ABL was able to secure competitive financing terms. Notably, the deal reached the market in a swift three weeks, marking one of the fastest executions of securitization for the company.

Performance Trust Capital Partners, LLC acted as the structuring agent, while Nomura Securities International, Inc. and Mizuho Securities USA LLC served as joint bookrunners for the transaction. Daniel Gotay, Head of Capital Markets at ABL, noted that the successful execution, especially during turbulent market conditions, is a testament to the efficacy of their capital markets strategy and the strength of their platform. “Our established relationships with institutional investors and solid track record of performance provide us consistent access to capital—an essential factor for our borrowers,” he stated.

The broad geographic scope of the securitization also illustrates ABL's expanding footprint across the nation, with collateral presentations spanning major regions including the Northeast, Sun Belt, Rust Belt, and South. This diversification aligns with ABL's ambition to grow its presence beyond the Northeast and enhance its financial support for residential developments nationwide.

To sum up, Asset Based Lending's recent $200 million securitization marks a significant step forward in its journey. With a focus on innovative financing solutions for residential construction, ABL is poised for continued growth and impact in the real estate investment sector. For more insights into ABL and its offerings, visit their official website at www.ablfunding.com.

About Asset Based Lending

Founded in 2010, Asset Based Lending provides swift bridge financing to real estate investors for various purposes, including the purchase, renovation, new construction, and long-term refinancing of residential properties. As a trusted partner for thousands of investors, ABL has successfully closed over $4.4 billion in loans since its inception, highlighting its robust position in the sector.