Our mission is to empower real estate investors, beginner or experienced, to seize opportunities they cannot finance themselves. We understand that each investment is different. We work tirelessly to create the right financing solution for you.
ABS Lending finances both new construction and fix and flip projects, where rehab and construction budgets are released through draws as work progresses. The company’s own process overview shows a “rehab and redraw” step and advertises closings within about two weeks, but it does not publish the details investors usually want: how a draw is requested, whether inspections are physical or virtual, or how quickly approved draws are funded. New construction terms run up to 36 months, which fits ground-up timelines. Because the draw request steps, inspection method, and per-draw turnaround are not published, investors should confirm the reimbursement process, required documentation, and funding speed with ABS Lending directly before closing a construction or rehab loan.
ABS Lending, operating as Asset Based Solution, offers three core programs for East Coast real estate investors: fix and flip, new construction, and DSCR rental loans.
• Fix and flip: advance on cost up to 85% and LTV up to 70%, on residential loans up to $2M with 12 month terms, from 10%.
• New construction: advance on cost up to 75% and LTV up to 65%, on single-family or mixed-use loans up to $10M with 36 month terms, from 11%.
• DSCR rental: LTV up to 75% at a 1.25x DSCR, on 1 to 4 unit loans up to $2M with 30 year terms, from 7.5%.
ABS Lending, operating as Asset Based Solution, LLC, is a hard money and asset-based lender headquartered in Fort Lauderdale, Florida, founded in 2016. It serves East Coast real estate investors, with New York, Florida, and Washington DC named on its site, financing investment property for real estate investment purposes.
Ratings are based on the following criteria:
Platinum & Gold Lenders
Platinum and Gold lenders are committed to delivering a modern, streamlined draw experience. These lenders typically support fully digital draw requests combined with virtual inspections across a wide range of project types. Their goal is to provide the fastest possible turnaround times without compromising risk management or construction oversight.
Silver & Bronze Lenders
Silver and Bronze lenders are still strong lending partners and have automated portions of their draw operations. However, the borrower experience may vary depending on the project type, inspection method, or capital partner requirements. In some cases, additional approval layers or third-party capital sources can increase reimbursement timelines.
About Virtual Inspections
Virtual inspections allow borrowers to skip scheduling a field inspector. They are typically reviewed within hours of submission. Borrowers must still document work thoroughly, including cost evidence (receipts) and lien waivers where applicable. Every lender listed on Lenderly offers virtual inspections and automated draw requests. The majority utilize independent construction experts for remote review, or they review submissions in house.
A draw-friendly lender is one that prioritizes speed, simplicity, and reliability when it comes to funding your project. They make it easy to request draws, minimize friction in the process, and get you reimbursed quickly so your project keeps moving.
The best draw-friendly lenders combine digital draw request tools with virtual inspections, allowing you to submit, verify, and receive funds often within 24 hours.
By comparison, traditional timelines can slow you down:
Every lender featured here offers a streamlined, digital draw process and supports virtual inspections for at least some of their loan products, helping you access capital faster and with far less hassle.