Asset Based Lending

Asset Based Lending is a hard money lender in Jersey City, NJ, located at Montgomery Street Suite 150. It holds a rating of 4.00 based on 116 reviews.

The company provides direct private real estate financing to residential and small-balance investors, including professional brokers and referral partners. They offer a variety of loan programs such as fix-and-flip, bridge, DSCR rental, and new construction financing. The business has been in operation since 2010 and has funded more than 9,800 projects.

The company serves investors through several specialized programs. Fix-and-flip loans provide 12 to 24 month terms for the purchase and renovation of properties. Bridge loans offer short-term capital for transitions, acquisitions, or unlocking equity, with terms of 12 to 24 months and leverage up to 70% LTARV. DSCR rental loans provide 30-year terms for buy-and-hold investors based on rental income rather than personal income. New construction loans fund ground-up residential builds, with terms of 12 to 24 months and up to 100% of the construction budget.

As a direct lender, Asset Based Lending underwrites, structures, and funds loans internally. This approach is designed to facilitate closings in as few as 20 days. Underwriting focuses on the property value, project feasibility, and the investor's exit strategy rather than standardized income or credit history. The company utilizes a draws management process for renovation and construction projects, providing funds within 24 to 36 hours after inspection and approval. They also offer a Zero-Point Program for qualifying investors to close loans without paying upfront origination points.

Asset Based Lending holds a 4.00 rating based on 116 customer reviews. The business is known for its established track record and its ability to provide fast, asset-based capital for real estate professionals in Jersey City.

The business is located at Montgomery Street Suite 150 in Jersey City, just steps from a FedEx post office and near the Exchange Place train station. It is also close to the Katyn Memorial and the Jersey City Post Office within the Downtown Jersey City neighborhood.

BizScoreAI awarded the business a Discoverability score of 100 out of 100, which ensures AI crawlers can access every page of the website so AI assistants can recommend the business. The company also received a Technical score of 96 out of 100, confirming the website is secure, indexable, and readable by search engines without errors.

Services:

• Bridge Loans
• Fix & Flip Loans
• New Construction Loans
• Rental Property Loans