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Asset Based Lending Announces Territory Expansion

by | Jun 28, 2022 | 0 comments

Asset Based Lending is proud to announce our expansion across the South and Midwest territories including Colorado, Illinois, Indiana, Kentucky, Michigan, Ohio, Tennessee, and Wisconsin. This expansion is aimed at helping real estate investors across the country have access to fast and reliable hard money loans to scale their real estate business. ABL is now operating as a direct hard money lender in half of the country, offering our signature five-star service throughout each market.

Many of these states have experienced large population growth as well as economic growth, which has led to their local real estate markets seeing a surge in activity and average home sale prices. With this investor-friendly activity on the rise, ABL realized the need for reliable real estate loans in each of these states. As investors ourselves, we designed our financing to be flexible for each project and accessible for all experience levels, whether you’re a first time flipper or a seasoned professional looking to expand their rental portfolio.

“In a time where many lenders are pulling out of the market and shutting down, we’re opening new lending territories to increase our footprint and bring “The ABL Difference” to real estate investors across the county. We’re incredibly excited to open up these new states and introduce a wider selection of investors to the white-glove, transparent, and reliable service that we’ve built our reputation on for the last 12 years.”

Eric Krattenstein
Partner, CMO & Head of Sales

Our team has a deep understanding of the local real estate markets for each of the territories we lend in and expand to, focusing on areas that benefit real estate investors the most. For example, Colorado has seen a nearly 19% increase in average home sale prices year over year, with the Denver metro area leading the charge. Denver is currently in the top 10% of cities in the country for annual real estate appreciation, boasting a nearly 10% increase every year for the last decade.  Meanwhile, Kentucky is seeing an incredible jump in multifamily new construction, ranking the third highest in the country with a staggering 98% increase in authorized multifamily permits between 2020 and 2021 with a continued upward trend into 2022. These stats are strong indicators for real estate investors looking to focus on specific markets, whether its fix and flips, new construction, or rental property.

ABL is having a phenomenal 2022 thus far, breaking previous origination records every month both in total number of closed loans and total loan volume. These numbers are fueled by the rapid growth of the in-house staff across every department, including sales, processing, accounting, underwriting, and servicing. After being purchased by Rice Park Capital in December 2021, Asset Based Lending set its goal on being the number one hard money lender in the country and is successfully executing on its growth strategy that is set to take place over the next five years.

Asset Based Lending is the premier hard money lender for real estate investors, offering a variety of loan programs to fit multiple business strategies including fix and flips, new construction, cash out refinances, and rental property investments. Our focus on fast and reliable closings has helped hundreds of investors across thousands of projects, which has led to ABL’s current growth trajectory. With $1.3B in loan origination over 12 years and over 300 five-star reviews, its clear that real estate investors love ABL hard money loans. If you’re looking to finance your real estate investment using the nation’s best direct lender, then contact us today.

 

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