Jim Brooks's Contact Details

Jim Brooks's Company Details

Asset Based Lending, LLC "Hard Money Lender to RE Investors"

Hoboken, NJ, US • 50 - 99 Employees
Real Estate

ABL is owned and operated by knowledgeable and experienced real estate lenders who want to help real estate investors succeed. We have designed our process to be fast, reliable, and flexible because we know these are the process features that our borrowers need. Give us a call to find out why so many real estate investors across 10 states have chosen ABL as their hard money lender.Established in 2010, Asset Based Lending, LLC is a Hard Money Lender providing fast bridge financing to real estate investors for the purchase, renovation, or new construction of single family, multi-family and mixed use properties. We have closed over a 3,800 loans since we began with total transaction amounts in excess of $1 billion.We specialize in funding:✔ Fix and Flips✔ REOs✔ Short sales✔ Multi-family buildings✔ New residential construction✔ Mixed use commercial properties✔ Rental LoansSome more information about our hard money loan programs:» Loan sizes: $75,000 to $5,000,000» Loan amount 80%-90% of purchase and 100% of rehab costs » Up to 60%-75% of ARV (After Rehab Value)» Loan term: 12 months interest only » No pre-payment penalty» Interest rates: 8% to 11%» Points: 1 to 2%» Average closing time: 2 - 10 days» We are a direct Hard Money Lender for real estate investors. Since 2010 when we funded our first hard money loan in our home state of New Jersey, Asset Based Lending has expanded its hard money lending areas to incorporate the entire east coast, and more!✔ Want to broker loans to ABL? We'd love to work with you → http://www.abl1.net/brokers/