Abl1 lending

Abl1 lending DEFAULT

Fix and Flip, New Construction, Cash Out/Refinance

Asset Based Lending is a private lender in control of our own funds, which means we can provide fast (approval within 24 hours and closing in 7-10 days) financing for your project.

We provide twelve-month, interest only bridge financing for the following programs: Fix and Flip, New Construction, and Cash Out/Refinance.

ABL – Private Hard Money Lenders In New Jersey

We began our business in New Jersey and our headquarters remain firmly located in Hoboken. Asset Based Lending (ABL) knows the NJ real estate market from Newark to Phillipsburg and from Bergen County to Cape May.

Whether the loan is to completely renovate a multi-family dwelling in the Hudson County urban area or to remodel and refurbish an outdated suburban home in Essex County, we understand what our borrowers need to be successful. There are unique opportunities and challenges in New Jersey and its investors are taking advantage and dealing with them of them every day. We are helping every day.

We pride ourselves on the local relationships we have cultivated with the best appraisers, attorneys, and title agents in the NJ real estate industry.

New Jersey's Premier Hard Money Lender

Fast Fix And Flip Financing

Having the vision to identify a problem property and transform it into a beautiful, sale-ready home takes an incredible amount of skill. It also takes capital to purchase the property and do the rehab work. Asset Based Lending’s home fix and flip loans are the link to profitability and leverage in this scenario, and these real estate investor loans have always been the primary focus for ABL. Not only do we provide 12-month loans to experienced investors and professionals, but we also lend to qualified first-time borrowers as well.

Speed is critical to capitalizing on New Jersey investment opportunities, and ABL provides financing solutions that traditional lending institutions cannot. We can close in three to four days if all of the paperwork is in order, and the average closing time is just 10 days for our loans — which cover up to 90 percent of the purchase price and 100 percent of the rehab costs for a property. For more information such as rates and requirements, check out our additional details on fix and flip loans.

New Construction

Quick and flexible underwriting for new construction is often an essential component of profitability in various seasonal as well as market conditions. ABL provides new construction loans in New Jersey when conventional financing is not the right answer. New construction loans are available only to experienced investors, contractors and builders, who typically can borrow up to 60 percent of the land value and 100 percent of the construction costs.

While our underwriting criteria for construction loans is flexible, with no minimum credit score requirements, borrowers can be sure of our faith in them because we won’t issue a loan if our experience doesn’t convince us that everyone involved in the deal will profit. Click on the New Construction link above for more details about rates and requirements for these 12-month loans.

Sours: https://hardmoneylendersonline.com/new-jersey/hoboken/asset-based-lending-llc/

Welcome To ABL One Fund Investments

ABL ONE, LLC (“The Fund”)

The Fund’s primary investment objective is to make high yield bridge loans to residential real estate investors who purchase and renovate, then resell or refinance single and multi-family properties in the Northeast and Mid-Atlantic regions of the United States.

Asset Based Managers, LLC (ABM) will manage the Fund’s investment portfolio and make all investment decisions on behalf of the Fund. The Fund receives its collateral protection via publicly recorded 1st liens on residential and mixed-use properties. The Fund also invests, selectively, as principal. Its investments are sourced through referral, local broker and web-based marketing.

The Fund’s investment strategy is to:

  • Originate and invest in loans made to LLCs or individuals secured by 1st liens on residential and mixed-use properties.
  • Originate and invest in residential real estate directly with the intention to rehabilitate and sell within twelve months.

Invest With Us

Asset Based Managers, LLC (ABM) manages the ABL ONE Fund. Collectively our borrowers and investors know us as Asset Based Lending, LLC (ABL).

Our borrowers are, typically, professional real estate investors who are, for various reasons, unable to obtain timely bank financing. We seek ample collateral protection via publicly recorded 1st liens and our borrowers always invest in their deals with us and personally guarantee their loans.

At ABL, we have a conservative underwriting philosophy and seek to structure our high yield loans to borrowers who have the capability to pay us back on a timely basis. We also selectively invest, as principal, in unusually attractive residential properties.

To find out more about our strategy and Fund returns please click on the attachments.

A Seasoned Team Of
  • Fund Managers
  • Mortgage Professionals
  • Real Estate Investors
Daniel A. Leyden, Managing Partner and CFO

30 year career managing accounting and control specializing in real estate related securities and loans.

• Managing Partner and CFO Asset Based Lending since 2010
• COO at Golub Capital, a private equity firm specializing in middle market lending 2009 – 2010
• CFO and partner at HFHG, LLC, a $2B mortgage and asset backed securities hedge fund group 2003 – 2009
• Executive VP at UBS Investment Bank and Senior VP at Paine Webber capital market group 1984 – 2003
• B.S., Accounting Syracuse University 1984

Paul A. Ullman, Managing Partner and CIO

30 year career evaluating and managing real estate backed loans and securities.

• Managing Partner and CIO Asset Based Lending since 2010
• CEO and CIO of HFHG, LLC. a $2B mortgage and asset backed securities hedge fund group 1998-2009
• Director Alliance Capital Management MBS and ABS specialty investment group 1992-1997
• Director Hyperion Partners MBS and ABS specialty investment group 1990-1992
• VP Salomon Brothers Inc. mortgage-backed securities sales and trading 1982-1989
• B.S., Finance Washington University in St. Louis 1982


• Managing Director Asset Based Lending since 2014
• Managing Director Maverick Funding Corporation
• CEO of Saxon Mortgage, a Morgan Stanley subsidiary
• President of Morgan Stanley Credit Corporation
• B.S. Government Clark University 1980 and M.S Energy Management. University of Pennsylvania 1982


ABL funds real estate investors who are in need of capital when traditional lenders are not willing to lend. We have a straightforward underwriting process focused on the property and the borrower.

Asset Based Lending, LLC finances hard money loans in:
  • New Jersey
  • New York
  • Pennsylvania
  • Connecticut
  • Washington DC
  • Maryland
  • Massachusetts
  • Florida
  • Virginia

Contact us for any questions regarding our fund

Phone: 201.942.9090
Fax: 201.604.5449

Sours: http://www.ablonefund.com/
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Asset Based Lending LLC


Phone: 201-942-9089

Address: 66 Hudson Street Suite 301, Hoboken, NJ 07030

Email: [email protected]

Website: http://www.abl1.net/

States They Lend In: Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia and D.C.


ABL is owned and operated by knowledgeable and experienced real estate lenders who want to help real estate investors succeed. We have designed our process to be fast, reliable, and flexible because we know these are the process features that our borrowers need. Read on to find out why so many real estate investors across 10 states have chosen ABL as their hard money lender.


Our short term loan programs support the following investment projects:


  • Fix and Flip
  • New Construction
  • Cash Out – Refinance


Where do you lend?


Connecticut: ABL lends in Hartford, Fairfield, New Haven, Storrs, and Essex.

Florida: ABL lends in Broward, Dade, and Palm Beach.

Maryland: ABL lends in Anne Arundel, Baltimore, Baltimore City, Cecil, Charles, Harford, Howard, Montgomery, and Prince George.

Massachusetts: ABL lends in the greater Boston area; Suffolk, Norfolk, Essex, Middlesex, and Plymouth.

New Jersey: ABL lends in all counties in New Jersey.

New York: ABL lends in New York City (all boroughs), Nasssau, Orange, Rockland, Suffolk, and Westchester counties.

Pennsylvania: ABL lends in Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia.

Virginia & D.C.: ABL lends in Arlington, Alexandria, Fairfax, Washington D.C.


Fix and Flip Hard Money Loans


For fix and flip investors, quick access to financing is incredibly important. ABL’s fix and flip loan program provides the funding that borrowers need to purchase and rehab a property, with the speed and flexibility you deserve.

Our expedited underwriting process and professional processing team boasts an average closing time of 10 days, with a record of just 48 hours. While all deals are unique, ABL with generally lend up to 80% of the purchase price and 100% of the rehab costs.


Credit Score: No minimum

Interest Rate: 11% - 13%

Points: 2% - 4%

Advance Rate on Purchase: 50% - 80%

Advance Rate on Rehab or New Construction: 100% of cost

Advance Rate on Current Value: N/A

Loan % to After Rehab Value: 60% - 65%

Property Types: Single Family, Multi Family, Mixed Use

Pre-Payment Penalty: No

Extension Available: Yes

Cross Collateral /Blanket Loans: Yes

Loan Size: $75K - $1.75M

Loan Terms: 12 Months


New Construction Loans


For experienced investors and contractors, ABL’s hard money loans for new construction offer quick access to leverage and underwriting flexibility not available from conventional financing.

While all deals are unique, ABL typically lends up to 50% of the land value and 100% of the construction costs.  Plus, for construction escrows over $100k, the borrower only pays interest on funds as they’re drawn


Credit Score: No minimum

Interest Rate: 11% - 12%

Points: 2% - 4%

Advance Rate on Purchase: 50% (land value)

Advance Rate on Rehab or New Construction: 100% of cost

Advance Rate on Current Value: N/A

Loan % to After Rehab Value: 55% - 60%

Property Types: Single Family, Multi Family, Mixed Use

Pre-Payment Penalty: No

Extension Available: Yes

Cross Collateral /Blanket Loans: Yes

Loan Size: $250K - $1.75M

Loan Terms: 12 Months

Cash Out Refinance

Cash Out on or Refinance of 1-4 family residential or mixed use property

Credit Score: No minimum
Interest Rate: 11% - 13%

Points: 2% - 4%

Advance Rate on Purchase: N/A

Advance Rate on Rehab or New Construction: 100% of cost

Advance Rate on Current Value: Up to 45%

Loan % to After Rehab Value: N/A

Property Types: Single Family, Multi Family, Mixed Use

Pre-Payment Penalty: No

Extension Available: Yes

Cross Collateral /Blanket Loans: Yes

Loan Size: $75K - $1M

Loan Terms: 12 Months

Sours: https://www.freedommentor.com/asset-based-lending-llc/
The Inside Scoop On Hard Money Lending At BREIA - Asset Based Lending

The Hard-Money Loans from ABL Help Local Real Estate Investors in the Northeast and Florida to Quickly and Efficiently Finance their Business Activities

LOS ANGELES, CA / ACCESSWIRE / January 5, 2021 / The founders of Asset Based Lending, LLC (ABL), a private commercial lender, are pleased to announce their expanded reach of local hard-money loans for real estate investors.

To learn more about the hard-money loans from ABL and how they can help real estate investors finance their business activities quickly and effectively, please check out https://www.abl1.net/.

As a company spokesperson noted, the founding partners realize that while many real estate investors have impressive goals for their careers, including flipping properties for a profit or holding property as an income-producing asset, they may not always have the required capital to get started.

This inspired them to create their hard-money loan programs that offer funding for fix and flips, new residential construction, cash out refinances, and rental property financing. As of December 2020, ABL has expanded their loan programs to reach the entirety of the northeast and Florida, making them the most reliable regional hard money lender in the business.

In many cases, real estate investors can receive their loan pre-approval within 24 hours and then close in as few as 3 days. The hard-money loans are asset based, direct and private, and ABL uses local partnerships with seasoned appraisers, title agents and others service providers in addition to their professional in-house staff of Underwriters, Loan Officers, Draw Managers and others to ensure a smooth loan process from prequalification through payoff.

As a bonus, because the founders also understand that some real estate investors are getting ready to invest in their first ever property, and/or have never worked with a hard money lender before, the friendly and experienced team from ABL will guide first-time investors through the company's innovative lending process.

"As investors ourselves, we've been through this. We know what you're going through, and we will offer you our full support and expertise - that's the ABL promise," the spokesperson noted, adding that they also use risk calculators to help evaluate the profitability of a project for the investor- not just the profitability for the lender.

These steps will all help ensure that real estate investors, whether they are new to the industry or seasoned professionals, will get the best deal possible from a company that is reliable, reputable and values outstanding customer service.

"We'll also help you manage your draw schedule during rehab and construction projects in order to protect and safeguard your investment while remaining flexible."

In 10 years of operation, ABL has grown exponentially and funded over 3,000 loans for $650 million worth of volume for non-owner occupied residential and mixed-use investment properties. Despite the global pandemic forcing other lenders to cease services, ABL continued closing hundreds of hard money loans throughout the year, averaging $5-6 million per month during the height of the pandemic and managing to fund approximately $140 million in total loan volume during 2020.

ABL focuses on reliable and timely deals as well as relationship building, resulting in approximately half of their borrowers being repeat borrowers. The company currently boasts 248 different 5-star reviews from a verified third-party service. For example, Alphonso R. noted that the entire process was seamless, and that he truly enjoyed working with the team from ABL.

"As a first-time investor, they answered all of my questions and made the process more painless than I could ever imagine," he wrote.

Matt F. echoed similar sentiments in his review, noting that the team was responsive and helpful.

"From the beginning I felt like they wanted to make something work to help us with our funding needs. Their process is easy and straightforward."

About Asset Based Lending:

Asset Based Lending, LLC (ABL) is a private hard money lender that has been featured in the Scotsman Guide and Inc. magazine. Their mission is to help real estate investors to quickly and efficiently finance their business activities. They have funded over 3,000 loans for $650 million worth of volume for residential and mixed-use investment properties. Click here to find out more: https://www.abl1.net/


Victoria Kennedy
[email protected]

SOURCE: Asset Based Lending, LLC

View source version on accesswire.com:

Sours: https://www.yahoo.com/now/asset-based-lending-announces-expanded-044500650.html

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Rafal's Asset Based Lending Testimonial - Loans For Real Estate Investors


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