Asset Based Lending Funds 10,000th Real Estate Project and Surpasses $1 Billion in Loans Under Management
Asset Based Lending (ABL) has funded its 10,000th real estate investment project since its founding in 2010. The milestone reflects the company's growth trajectory as it surpassed $1 billion in loans under management and delivered record performance during Q2 of this year. ABL reported a 65% increase in residential transitional lending (RTL) volume compared to last year, with funding levels reaching new highs each month. ABL has funded over $4.4 billion across fix-and-flip, ground-up construction, bridge, and DSCR loans nationwide since its inception. The company attributes much of its success to a strong repeat borrower base—more than half of ABL's borrowers are returning clients—and continued investment in technology that enables fast loan approvals and closings. The milestone comes as the firm expands product offerings and lending territories while leveraging securitizations totaling over $500 million. CEO Kevin Rodman emphasized ABL’s role in supporting real estate investors, particularly in supply-constrained markets.
Topics: company growth lending milestones real estate investment