$11.75 Million In Hard Money Loans Funded!
2016 is off to a strong start for the Asset Based Lending team, posting several strong months and even breaking the company’s record in March.
Last month, ABL funded a record 33 real estate investment projects, distributing $11.75 million in hard money loans. In addition, 13 loans were paid off returning $2.83 million in capital.
Contributing to this success is the continued expansion and refinement of our lending areas, creating additional high quality opportunities to fund real estate investments across the east coast. In March, ABL funded projects in the following locations:
- West Orange NJ
- Boonton NJ
- New York NY
- Boynton Beach FL
- Mill Neck NY
- Folsom PA
- Westminster MD
- Glenside PA
- Stony Point NY
- Bronx NY
- Stratford CT
- Teaneck NJ
- Gillette NJ
- Egg Harbor Township NJ
- Hempstead NY
- Green Brook NJ
- Rutherford NJ
- Rahway NJ
- Irvington NJ
- Monroe NY
- Bayonne NJ
- Port Chester NY
- Jersey City NJ
- Brooklyn NY
- Cornwall NY
- Newark NJ
- East Quogue NY
- Elmont NY
- East Setauket NY
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In addition to originating a record volume of loans during the month, ABL was officially recognized by Scotsman Guide for being one of the top loan originators in 2015. The April edition of Scotsman Guide recognizes ABL’s industry leading performance in both the Most Loans Closed and Top Dollar Volume categories.
[su_quote cite=”Paul Ullman, Managing Partner”]“We endeavor to fund good projects for good people, and we feel honored that our borrowers and investors continue to put their faith in us.” [/su_quote]
With all of that excitement in March, we can’t wait to see what’s in store for the coming months!