New YSP Program Offers Bonus YSP And Slashes Lender Spread By
100 BPS
JERSEY
CITY, N.J., July 30,
2024 /PRNewswire-PRWeb/ -- Asset Based Lending (ABL),
the premier provider of private capital to real estate investors,
is pleased to announce the launch of its Broker Yield Spread
Premium Program. Offering substantial benefits to mortgage brokers
and investors alike, the program introduces a unique, tiered loan
structure that permits brokers to earn up to 4 points between
upfront points and yield spread premium (YSP), and more aggressive
pricing for investors.
By offering brokers highly competitive
compensation, and ensuring investors access the financing that best
meets their needs, ABL is committing its capital to build long-term
relationships with its broker partners.
"By offering brokers highly competitive compensation, and
ensuring investors access the financing that best meets their
needs, ABL is committing its capital to build long-term
relationships with its broker partners," said Kevin Rodman, CEO of ABL.
To help investors more effectively achieve their financial
goals, ABL will implement a 100 basis point spread reduction across
eligible loan products. The program also features a bonus point
payout at no cost to the investor, allowing brokers to enhance
their earnings without impacting their client's financial
obligations.
"Fostering stronger investor-broker relationships requires
better choices at the loan level," said Nick Tierno, Vice President and Head of DSCR .
"We're committed to expanding our programs so that all parties can
act quickly, and with certainty to close deals that deliver."
The Broker YSP Program will be available across ABL's entire
portfolio in 36 states, and Washington
D.C. To learn more, and evaluate investment options, please
visit: https://www.abl1.net/brokers/
About Asset Based Lending
Asset Based Lending was established in 2010, providing fast
bridge financing to real estate investors for the purchase,
renovation, new construction, and long term refinance of single
family, multi-family and mixed use properties. We are a trusted
lender to thousands of investors and have closed over $2.6B of loans since our founding.
Media Contact
Parker Molello, Asset Based
Lending, 1 609-279-0050 114, parker@resoundmarketing.com
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SOURCE Asset Based Lending