JERSEY CITY -- November 12, 2026 -- Asset Based Lending (ABL), a New Jersey private lender, closed a $200 million unrated securitization on October 26, the largest of its four deals to date, according to the company. The transaction, ABL 2026 RTL-1, lifts the lender's cumulative securitization volume to $723 million.
The three earlier deals therefore total $523 million, an average of about $174 million each, by FairsOnline's calculation. At $200 million, the new deal is about 15% larger than that average.
ABL moved the deal from pricing to close in 11 days
RTL-1 priced on October 15 and closed on October 26. ABL says the deal reached the market in about three weeks, one of its fastest securitization executions. It describes conditions as volatile, with investors more selective across the securitization market, and says it still secured competitive financing terms. ABL did not disclose the coupon or the share of ground-up loans in the pool.
Performance Trust Capital Partners, LLC acted as structuring agent. Nomura Securities International, Inc. and Mizuho Securities USA LLC were joint bookrunners.
The collateral pool centers on ground-up infill construction loans
The notes are backed by business-purpose residential real estate loans. ABL says the pool has an industry-leading concentration of ground-up infill construction loans and cites 16 years of experience in that segment. The company has not published a figure for the concentration.
CEO Kevin Rodman says the securitization funding keeps ABL's pricing competitive for the builders it serves. Daniel Gotay, Head of Capital Markets, says ABL has built durable relationships with institutional investors that give it consistent access to capital. Builders who borrow from ABL depend on that access to fund projects through completion.
Cumulative securitizations equal about 16% of ABL's lending since 2010
ABL says it has closed more than $4.4 billion in loans since its founding in 2010. The $723 million in securitizations is equivalent to roughly 16% of that figure. RTL-1 alone is about 28% of the cumulative securitization volume.
The collateral spans the Northeast, Sun Belt, Rust Belt and South. ABL says it plans to grow beyond its established Northeast presence and finance residential development in markets across the country.