Asset-Backed Lending Partners

About Asset-Backed Lending Partners

Headquartered in Westlake Village, CA, Asset-Backed Lending Partners is an asset-based lender offering loans all across the US. They offer private commercial loans and hard money bridge loans. Their lending parameters are flexible, including loan amounts ranging from $500,000 to $5,000,000 with a maximum LTV of 68%, rates starting at 8.95% , and terms between 6 months and 3 years. They make loans on many property types, including multi-family, apartments, offices, retail spaces, hotels/motels, storage buildings, mixed use, and industrial facilities.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Mixed Use, Industrial

Areas Served: National

Lending Guidelines for Asset-Backed Lending Partners

Below are the general loan guidelines published on the Asset-Backed Lending Partners website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Asset-Backed Lending Partners.

Loan Example 1

To accommodate her small business, Camille must purchase a new office space. After she is turned down for conforming loan from her bank, she applies for a commercial private money loan from Asset-Backed Lending Partners. The lender contracts to a 80% loan-to-value (LTV) on the sale and the new building is listed for $340,000, so they will loan $272,000 and Camille will pay the additional $68,000. In addition, the lender will require a 4 percent origination fee to go along with the 13%, 12 month term on the loan. They will not enforce a pre-payment penalty if Camille pays off the loan before expiration. By the parameters of the loan, Camille will have to pay an origination charge of $10,880 at the close (4% x $272,000 principle value) and will then make payments of $2,947 monthly ($272,000 principle value x 13% interest / 12 months). she will also make a final payment of the $272,000 principle value when the loan expires, or before if she decides to pay off early.

Loan Example 2

Shannon takes out a private money bridge loan from Asset-Backed Lending Partners so she can rehab a townhouse to resell in Kansas City, MO. The loan has the following terms:

$380,000 purchase price
70% loan-to-value (LTV)
12 month term
9% rate of interest
1% origination fee

Assuming a $456,000 sales price after the 12 month term, the outcome for the project would look like this:

$456,000 sales price
- $266,000 note principle (70% LTV)
- $114,000 down payment (30% on 70% LTV)
- $2,660 origination fee (1% of the $266,000 principle)
- $23,940 total interest paid (12 months x 9% interest)
-----------------------
= $49,400 gross profit (does not include taxes or renovation costs)

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