Skip to main content

Hunter Street & Rice Park Capital Acquire Asset-Based Lending

Katie Jensen
Dec 22, 2021

ABL provides real estate investors with access to cash through real estate investor loan programs.

Minneapolis-based alternative investment firm, Hunter Street Partners, proudly announces that it has partnered with Rice Park Capital Management to acquire Asset-Based Lending, LLC. (ABL) building on a residential loan investment platform launched by two firms last year. 

ABL provides real estate investors with access to cash through real estate investor loan programs. Borrowers use these loans to finance business activities, including fix-and-flip projects, new construction, and term-lending products for non-owner occupied properties. Hunter Street and Rice Park will support the growth of ABL, while integrating ABL’s existing loan portfolio and origination capabilities into its broader residential loan investment program. 

"We are seeing positive secular tailwinds for single family housing and look forward to working with Rice Park and ABL's management team to further scale origination efforts," said Neal Johnson, CEO and chief information officer at Hunter Street. 

"ABL is a perfect extension to our residential loan investment platform, and we see tremendous synergistic opportunities as we develop a leading platform in this sector. We look forward to working with the ABL team alongside Hunter Street as they continue to grow their business," said Nicholas Smith, Rice Park founder, CEO, and co-chief information officer. 

"The investment from Hunter Street and Rice Park enables us to attract new borrowers by offering lower-cost and more efficient financing. We were looking for long-term partners that could not only provide the capital we need to grow, but ones with significant experience in our market niche so we could benefit from their expertise for additional added value," said Kevin Rodman, CEO at ABL. 

ABL will continue to operate under the same name and its core leadership will remain in place with Kevin Rodman serving as CEO and Daniel Leyden as chief operating officer. Piper Sandler & Co. was the exclusive financial advisor to ABL for this transaction.

Dec 22, 2021
Fannie Mae Launches New Single-Family Social Disclosures

New disclosures provide a view into socially oriented lending activities.

Investor Loans
Nov 16, 2022
Fannie Mae Announces Winner of 20th CIP Of Non-Performing Loans

Transaction includes approximately 61 loans totaling $13 million in unpaid principal balance.

Investor Loans
Oct 25, 2022
Fannie Mae Names Winners Of Its 20th Non-Performing Loan Sale

Sold approximately 5,650 loans totaling $936.9 million in unpaid principal balance, divided into four pools. 

Investor Loans
Oct 12, 2022
Are Investors Fueling The Rapid Decline In Housing Affordability?

It might be a case, instead, of higher prices attracting investors

Investor Loans
Oct 03, 2022
AG Mortgage Investment Trust Makes C-Suite Changes

T.J. Durkin, MITT president, to also assume role of CEO.

Investor Loans
Sep 23, 2022
Fitch To Rate BRAVO Residential Funding Trust Non-QM Offering

BRAVO 2022-NQM3 notes are supported by 920 loans with a total interest-bearing balance of approximately $387 million. 

Aug 30, 2022