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How Fast Can ABL Close Loans?

February 07, 2024

Video Transcript


Speaker: John Sickles

John Sickles: How fast can Asset Based Lending fund your loans? Well, on our bridge programs, which includes our short term bridge, fix and flip and new construction. We're extremely fast. Our short term bridge and our fix and flip, we can average between 10 and 12 days on application to funding and new construction takes a little bit longer because it's a little longer underwrite, because there are plans and specs and other things that are involved in underwriting, but we can generally close a new construction loan in anywhere from 21 to 30 days. So, our DSCR product is generally about 21 days on average. Typically because we're, you know, waiting for that appraisal on the DSCR product. So, reach out today and let us close your loans extremely fast. Look forward to working with you.



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