We have built our brand around the values of service, transparency and reliability during our first 10 years of activity – have supported them with actions time and time again during the pandemic – and will continue to build on these core values to coming years.
JERSEY CITY, NJ (PRWEB)
March 18, 2021
Loans on assets Co-Founding Partner Daniel Leyden and Managing Partner Kevin Rodman are proud to announce the promotion of several staff members to partnership and leadership positions, as well as the launch of ABL’s new rental loan program and the return of ABL’s zero point loan program.
Eric Krattenstein, chief marketing officer and director of sales, and Adam Cohen, chief financial officer, have both been promoted to partners. Michael Basciano, Head of Operations, has been promoted to Executive Vice President. The three, with a total of 16 years with ABL, have joined the firm’s operating committee.
“We are all very excited about this next phase of ABL’s growth and confident that we have the team, products and strategy in place to further solidify our reputation as the most trusted hard money lending partner in the world. the east coast, ”Krattenstein said. “We have built our brand around the values of service, transparency and reliability during our first 10 years of activity – have supported them with actions time and again during the pandemic – and will continue to build on these core values. for the coming years. . “
ABL kicked off 2021 with a revamped rental loan program, adding term loan options to the company’s line of direct lending programs. Setting up these loan products in-house allows the business to offer better pricing, streamlined service, and a single point of contact for the entire loan life cycle, from purchase to renovation. through refinancing. These rental loans are for 1 to 4 family properties with a maximum loan of $ 3 million, or $ 6.25 million for portfolio loans. Interest rates start as low as 4.25% with no personal income verification and a variety of options including 30-year, adjustable, interest-only amortization terms.
Additionally, ABL announced in March the return of the zero-point loan option for short-term repairs and turnarounds, new construction and cash refinances. The zero point lending option was put on hold during the pandemic, but the company’s growing success and unique capital structure allowed this favorite borrower to return. ABL Zero Point Loans have no prepayment penalties or exit fees and are the only true zero point hard money loan available to real estate investors.
Asset Based Lending is the # 1 hard money lender for real estate investors. ABL has been lending for more than a decade in New Jersey, New York State, Connecticut, Pennsylvania, Massachusetts, Rhode Island, New Hampshire, Maryland, Florida, Virginia and Washington DC, establishing building strong relationships with borrowers and partnering with investors as they grow their real estate investment businesses. ABL has financed thousands of investment properties worth more than $ 680 million, including more than 440 transactions during the pandemic and throughout 2020.
For more information, call Asset Based Lending at 201-942-9089 or send an email to [email protected]
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