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Asset Based Lending closes $200M securitization

Asset Based Lending closed a $200 million securitization backed by residential real estate loans on Oct. 26.

Updated 1 min read

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Key points

  • Asset Based Lending finalized a $200 million securitization on October 26.
  • The transaction includes up to 65% ground-up construction loans in the collateral pool.
  • International investors from the UK and Japan participated in the deal.

Why it matters. This deal demonstrates strong investor confidence in U.S. residential construction assets despite market volatility, potentially increasing capital availability for new housing projects.

Updated Sources: Housingwire

Asset Based Lending closed its largest securitization deal to date, a $200 million transaction backed by residential real estate loans including ground-up construction projects. The deal, finalized on October 26, brings the firm's total securitization volume to $723 million and features a collateral pool where up to 65% consists of construction loans. Daniel Gotay, head of capital markets, noted that investors focused on credit risk management while the company maintained a weighted average credit score of 740.

Latest updates

Asset Based Lending closes $200M securitization

On Tuesday, Asset Based Lending announced the closing of its largest securitization deal to date, a $200 million transaction backed by business-purpose residential real estate loans. The deal, identified as ABL 2026 RTL-1, was priced on October 15 and finalized on October 26, marking the firm's fourth unrated securitization. This issuance raises the company's total cumulative securitization volume to $723 million and allows up to 65% of the collateral to be ground-up infill construction loans. Daniel Gotay, head of capital markets at ABL, noted that the deal was executed during a volatile market period with heightened investor scrutiny. He stated that achieving such tight pricing levels for an unrated issuer, especially with a high concentration of construction loans, demonstrated strong market confidence.

Housingwire

Sources

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