Asset Based Lending closes $200M securitization, its biggest to date
What's the deal? Asset Based LendingDealroom has a profile for this one. Try Dealroom → (ABL), a national private lender, closed a $200 million unrated securitization, its largest ever. The deal, ABL 2026 RTL-1, priced on October 15 and closed on October 26, bringing cumulative issuance to $723 million.
What's inside? The transaction is backed by a diversified pool of business-purpose residential real estate loans, weighted toward ground-up infill construction loans. ABL has lent against residential development for 16 years.
Who's involved? Performance Trust Capital Partners served as structuring agent. Nomura Securities InternationalDealroom has a profile for this one. Try Dealroom → and Mizuho SecuritiesDealroom has a profile for this one. Try Dealroom → USA acted as joint bookrunners.
Why now? ABL closed the deal in roughly three weeks despite heightened volatility and investor selectivity across the securitization market. "Successfully executing this transaction amid market volatility reinforces the effectiveness of our capital markets strategy," said Daniel Gotay, head of capital markets.
What's the endgame? Collateral spans the Northeast, Sun Belt, Rust Belt, and South, supporting ABL's push to grow beyond its Northeast base. "Every one of these loans puts new housing on the ground," said chief executive officer Kevin Rodman.
The signal: The deal lands in a busy residential transition-loan securitization market, where private lenders increasingly turn to securitizations to fund bridge, renovation, and construction loans. ArchwestDealroom has a profile for this one. Try Dealroom → closed a $300 million rated transaction in September, and RithmDealroom has a profile for this one. Try Dealroom →/Genesis completed a $375 million multifamily-focused deal in October. ABL's transaction is unrated, however, so its headline size alone does not establish the same investor protection as some comparable deals.
Read more: prnewswire.com
Image credit: Asset Based Lending
