Frequently Asked Questions
About Asset Based Lending

Asset Based Lending (ABL) is a direct private lender that provides hard money loans for real estate investors. We finance non-owner-occupied investment properties using asset-based underwriting, meaning loan decisions are based primarily on the property value and deal strength rather than traditional income verification.

Yes. Asset Based Lending is a direct lender. We control our own capital, underwrite loans internally, and close without broker intermediaries. This allows us to move quickly and maintain consistent lending standards.

We lend to real estate investors purchasing or refinancing non-owneroccupied investment properties. Borrowers must hold title in an LLC or Corporation. We do not lend on primary residences.

We offer:

• Fix and flip loans
• Ground-up new construction loans
• Rental property loans
• Bridge financing
• Large balance and structured finance solutions

All loans are for investment properties only.

We finance:

• Single-family homes
• 2–4 unit residential properties
• Small multifamily properties
• Mixed-use properties with residential components
• New construction projects

We do not finance:

• Primary residences
• Co-ops
• Raw land
• Mobile homes
• Extremely rural properties

Loan amounts typically range from $75,000 to $50,000,000 depending on the project type, property value, and borrower profile.

In most cases, we finance:

• Up to 80–92.5% of purchase plus rehab costs
• Up to 70–75% of the After Repair Value (ARV)

Final leverage depends on deal strength and borrower qualifications.

Most fix and flip loans are structured as:

• 12-24 month terms
• Interest-only payments
• No prepayment penalty

Rental loan terms vary by program.

Yes. All principal investors must sign a personal guarantee.

We do not enforce a strict minimum credit score. Credit history is reviewed as part of the overall risk assessment. Strong collateral, liquidity, and deal fundamentals can offset lower credit scores.

Unlike traditional banks, we do not require extensive income documentation for most short-term loans. Our underwriting focuses on the property value, exit strategy, and borrower experience

Yes. Borrowers must bring funds to closing to cover required equity contribution, interest reserves, and closing costs.

Most loans close within approximately three weeks from initial contact. In ideal situations with complete documentation, closings can occur in as little as 3–4 business days.

Preliminary approvals are typically issued within 24 hours of receiving a complete submission.

You can begin by submitting our online pre-qualification form or contacting our team directly with a deal summary. We will review your deal and outline next steps quickly.

Yes. Proof of Funds (POF) letters are available to qualified investors to strengthen purchase offers.

Renovation and construction funds are released through scheduled draws. Inspections are required prior to disbursement. Most draw requests are processed within 1-3 business days. When you’re ready to schedule a draw, please log into your Sitewire account or reach out to draws@ablfunding.com.

When you are ready to pay off your loan, you may send a payoff require to payoffs@ablfunding.com. Payoff requests can take up to 5 business days, so please consider that as you near the closing date. When you make the request be sure to include the property address in the subject line and the closing date in the body of the email

You will be receiving information in the mail from our servicer, FCI Loan Services, within a few weeks of loan closing. You will be making your monthly interest payments directly to FCI and they will be sending you monthly statements.

FCI will send you information on how to create an account on their website and let you know the many convenient ways you can make your payment each month. The safest and most convenient method of payment is ACH, a monthly auto debit directly from your bank account. You should have already received the ACH Customer Authorization form from our Processing Team, but if you haven’t already filled it out and returned it to us, FCI will be sending you one as well which you can return directly to them.

*If you have a construction loan put ‘Various’ in the Monthly Payment Amount field as your interest payment will change as you draw down your loan. FCI will send you notifications each month regarding the new payment amount and debit the proper amount of interest from your account.

If you need to reach out to FCI sooner, their customer service phone number is 800-931-2424.

If you wish to mail your payment the address is:

FCI Lender Services
PO Box 27370
Anaheim, CA 92809-0112

Please note your loan number on any payment or inquiry that you make to FCI. If you don’t know your loan number, you can find it in your FCI account.