Asset Based Lending Achieves Milestone with 60% Growth in 2024

Asset Based Lending Achieves Remarkable Growth

Asset Based Lending (ABL), a prominent lender focusing on real estate investors, has reported an impressive 60% increase in funded loans in 2024, reaching a total of 1,866 loans. This surge not only marks a record number for the company but also reflects a successful year filled with strategic initiatives and operational enhancements.

Joseph Viganola, Head of Sales at ABL, shared insight into the firm's philosophy, emphasizing the importance of building strong partnerships with borrowers. He stated, "Building true partnerships with borrowers is fundamental to our work whether we are engaging with investors for the first time or on a repeat basis. That crucial dynamic is what propelled us to where we are today." This dedication to customer engagement has been a pivotal factor in their growth story.

Expansion and New Opportunities

In a strategic effort to broaden its presence, ABL has ventured beyond its traditional Northeast roots, making significant strides into markets like Texas and California. This geographic expansion is designed to tap into high-potential markets, thus providing more opportunities for their borrowers.

A key milestone for ABL in 2024 was the opening of a second headquarters in Cherry Hill, New Jersey. This move is expected to enhance access to skilled talent and improve operational efficiency, which is vital for sustaining their growth momentum.

Innovation in Financing Solutions

In November, ABL marked another significant accomplishment by announcing its second securitization in two years with the closing of ABL 2024-RTL1. This exceptional package focused on ground-up construction and totaled a noteworthy $175 million. Such achievements highlight ABL's strong reputation as a leader in the asset-based lending industry.

The success encouraged the firm to position itself strategically for the future. For 2025, ABL aims to expand its sales team, providing loan officers with additional resources. The integration of marketing automation into their tech infrastructure is expected to enhance productivity and overall service for borrowers and partners.

Maintaining Leadership in the Industry

Founded in 2010, Asset Based Lending has established itself as a reliable source of financing for real estate investors focused on various property types, including single-family homes, multi-family units, and mixed-use buildings. With over $2.6 billion in loans closed since inception, ABL has become a trusted name among thousands of investors seeking timely financing solutions.

The commitment to quick bridge financing, alongside a deep understanding of real estate investment needs, has positioned ABL as a frontrunner in the industry. Their innovative approach and customer-first mindset have played crucial roles in their notable growth trajectory.

Looking Ahead with Confidence

As ABL looks forward, the company is eager to continue enhancing its borrower experience and expanding its offerings to meet diverse investment goals. Their strategic focus will remain on developing partnerships and utilizing technology to streamline processes and improve efficiency.

Frequently Asked Questions

What is the recent growth percentage reported by Asset Based Lending?

Asset Based Lending reported a remarkable 60% increase in funded loans in 2024.

Where is Asset Based Lending expanding its operations?

The company is expanding its operations into states like Texas and California.

What is one of the key milestones achieved in 2024?

One of the major milestones was the announcement of their second securitization, totaling $175 million.

What type of financing does Asset Based Lending provide?

Asset Based Lending offers fast bridge financing for real estate investments, including renovation, new construction, and refinancing.

When was Asset Based Lending established?

Asset Based Lending was established in 2010, focusing on the needs of real estate investors.

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