Asset Based Lending
ABL is the leading hard money lender to local real estate investors with the industry's only true Zero-Point Program.
Rehab Loan | |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, wisconsin |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 9.5% |
| Interest Rate Maximum | 15% |
| Points Maximum 1st TD | 2 |
| Terms | 1 year |
| Credit Score Min | 660 |
| Extensions Available | Yes |
| Cross Collateralize Blanket | Yes |
| Updated as of | 2022-01-01 |
Construction Loan | |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, wisconsin |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 9.5% |
| Interest Rate Maximum | 15% |
| Points Maximum 1st TD | 2 |
| Terms | 1 year |
| Credit Score Min | 660 |
| Extensions Available | Yes |
| General Pricing or Guideline info | *Final rates vary based on verification of application information, loan type, and other risk factors. |
| Updated as of | 2022-01-01 |
Bridge Loan | |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, wisconsin |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 15% |
| Points Maximum 1st TD | 2 |
| Terms | 1 year |
| Credit Score Min | 660 |
| Extensions Available | Yes |
| General Pricing or Guideline info | *Final rates vary based on verification of application information, loan type, and other risk factors. |
| Updated as of | 2023-01-08 |
Long Term Rental Loan | |
| Property Types | 2-4 Units, Mixed use, Multi Family, SFR |
| Lendding Area | arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, wisconsin |
| Loan amount Minimum | $400,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 6.75% |
| Interest Rate Maximum | 9% |
| Points Maximum 1st TD | 2 |
| Terms | 30 year |
| Credit Score Min | 620 |
| Extensions Available | Yes |
| General Pricing or Guideline info | *Final rates vary based on verification of application information, loan type, and other risk factors. |
| Updated as of | 2023-01-08 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan, Second Mortgage |
| Property Types | 2-4 Units, Land Entitled, Mixed use, SFR |
| Lendding Area | arizona, arkansas, colorado, connecticut, florida, georgia, illinois, indiana, kentucky, maine, maryland, massachusetts, michigan, mississippi, missouri, new-hampshire, new-jersey, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, virginia, washington, washington-dc, wisconsin |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,500,000 |
| Interest Rate Minimum | 6.75% |
| Interest Rate Maximum | 15% |
| Points Maximum 1st TD | 2 |
| Terms | 1 year |
| Credit Score Min | 620 |
| Prepayment Penalty | No Prepayment Penalty |
| LTV Bridge | 75 |
-We offer Rehab, Construction and Investor Loans Non-Owner Occupied, Investor Properties Only.
-We finance Distressed, REO, and Short Sale residential investor properties.
-Quick Approvals
-No Hidden Fees
-No Hassle Closings
-Can Close in Days
-Flexible, Reliable, Professional and Fast
Asset Based Lending is located in Hoboken, NJ. They offer financing for Bridge Loans, Construction Loans, Hard Money Loans, Commercial Loans, DSCR Loans, Rehab Loans and Second Mortgages. The property type they primarily lend against is SFR, Mixed use, Land Entitled and 2-4 Units. Their minimum loan amount is $75,000. Their maximum loan amount is $3,500,000. Maximum duration of 1 year. Although rates can change they are typically lending at a minimum rate of 6.75%. Maximum interest rate of 15%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 2.
These descriptions are limited information and meant for general reference purposes.
66 Hudson Street Suite 301
Hoboken,
NJ
07030
