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Hunter Street, Rice Park Capital Acquire Real Estate Investor Finance Specialist Asset Based Lending.

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MANews-(C)2009-2021

US-based alternative investment management firm Hunter Street Partners has partnered with Rice Park Capital Management to acquire Asset Based Lending, LLC, building on a residential loan investment platform launched by the two firms last year, the firm said.

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

Borrowers use the 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 platform.

ABL will continue to operate under the same name and its core leadership team will remain in place, with Kevin Rodman serving as CEO and Daniel Leyden as COO.

Piper Sandler and Co. was the exclusive financial advisor to ABL for this transaction.

Hunter Street Partners is a Minneapolis-based alternative investment...

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