Asset Based Lending (ABL), a New Jersey-based lender providing private capital to real estate investors, has successfully closed its third securitization, ABL 2025-RTL1, totaling $190 million.
The securitization is backed by a diversified pool of business-purpose residential real estate loans and features three classes of notes, placed across a broad array of institutional investors. Notably, the transaction included a 65% concentration limit for in-fill new construction collateral.
“This deal represents another significant step forward for Asset Based Lending,” Kevin Rodman, CEO of ABL, said. “We’ve spent over 15 years building a lending platform that delivers speed, reliability and strong loan performance, and institutional investors continue to respond. This securitization further enhances our ability to serve borrowers with confidence and scale.”
Nomura Securities International acted as the sole structuring agent. Nomura, Performance Trust Capital Partners, Mizuho Securities USA and Robert W. Baird & Co. served as joint bookrunners and co-lead managers on the transaction.
“We’re thrilled to see this level of engagement from the capital markets,” Daniel Gotay, head of capital markets at ABL, said. “Each successful securitization strengthens our liquidity position, validating the strength of our credit risk management and borrower-centric business model. This transaction, combined with our existing capital base of $600+ million of equity, warehouse and securitization facilities, leaves us better positioned than ever to deliver the stable, fast funding that our borrowers require and expect.”
ABL has now completed three securitizations totaling over $500 million.
