Asset-based lender P2Binvestor closed a $10 million credit facility with Urban Lending Solutions.

This facility does not include any equity, warrants or convertible features.

Urban Settlement Solutions, dba Urban Lending Solutions, provides outsourced services to the mortgage industry including mortgage fulfillment, loss mitigation and valuation services.

P2Binvestor is a marketplace lender that provides asset-backed lines of credit of up to $10 million per B2B borrower. P2Binvestor has provided more than $300 million to its borrowers since early 2014.

“Partnering with Urban Lending Solutions proves our ability to fund large facilities to established businesses through our marketplace model,” said Krista Morgan, CEO and co-founder of P2Binvestor. “We are thrilled that we were able to quickly close and fund a client of the caliber of Urban Lending Solutions.”