JERSEY CITY, N.J., Dec. 4, 2020 /PRNewswire-PRWeb/ -- Asset Based Lending (ABL) is excited to announce the hiring of Michael Chadwick, a 20-year veteran of real estate and financial services in New England. Michael's valuable lending experience and market knowledge expands ABL's lending coverage to include the entirety of the northeast.
For the past 5 years, Michael was responsible for building and directing a private money lender focused on the Greater Boston Market, leading the origination of over $150 million of hard money loans in the Northeast and Florida. Prior to that, he developed and directed the residential division of a private investment firm that purchased and renovated over 150 properties throughout New England.
"Michael has cultivated strong business relationships with his borrowers throughout the years, which meshes perfectly with ABL's lending culture" said Kevin Rodman, one of ABL's Managing Partners.
ABL's focus on relationship building and quick loan closings drew Michael's attention, as well as the company's consistent lending growth throughout 2020 despite the global pandemic.
"I am very excited to join the ABL team. Their experience is unmatched in the industry. I could not be more confident in their ability to keep ABL on the front lines of the constantly evolving world of hard money lending. I have no doubt that my clients will enjoy access to what I believe is the best hard money lending platform in country," said Michael.
New England is experiencing record-breaking numbers for residential new construction, making it an exciting market for real estate investors and lenders alike. All residential property types are on the rise, with detached single-family homes seeing a 37% increase in sales volume from 2019 and multi-family condominiums seeing a 10% increase in sales volume.
"The addition of Michael to the ABL team positions the firm to quickly and efficiently offer its lending solutions to a growing number of real estate investors with the need for reliable capital throughout New England" said Eric Krattenstein, CMO and Head of Sales for ABL.
Asset Based Lending has been lending since 2010, capable of quickly financing projects across New Jersey, New York, Connecticut, Pennsylvania, Massachusetts, Rhode Island, Maryland, Florida, Virginia, and Washington D.C. For a decade, ABL has been building strong relationships with borrowers through aggressive programs, reliable capital, and customer-centric service originating over 2600 loans for over $650,000,000 in loan proceeds.
For more information, call Asset Based Lending at 201-942-9089 or email at [email protected].
Media Contact
Eric Krattenstein, Asset Based Lending, LLC, +1 (201) 942-9090, [email protected]
SOURCE Asset Based Lending, LLC
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