Asset-based real estate lending.
The property is the underwrite. Not the borrower's tax returns. Asset-based real estate lending covers hard money, bridge, private money, and (partially) DSCR — all sourced from pre-vetted direct lenders on Ask Speedy. Same-day approvals available. The fastest path to close in the marketplace.
Defined
What is asset-based lending in real estate?
Asset-based real estate lending means the property's value is the primary underwriting factor — not the borrower's tax returns, W-2 income, or credit score. Direct lenders evaluate the asset (the collateral) and lend a percentage of its value (LTV) or after-repair value (ARV).
The asset secures the loan. If the borrower defaults, the lender takes the property — that's why asset-based lenders care most about the collateral's marketability, condition, and equity cushion. This is the foundation of every speed-first real estate loan on the marketplace.
For ISOs and brokers, asset-based products fill a critical gap: borrowers without conventional income documentation, borrowers facing speed-sensitive scenarios (foreclosure, partner-buyout, distressed acquisition), and investors operating under LLCs without personal income proof.
The product spectrum
Five asset-based products on the platform.
| Product | Asset-based? | Use case | Typical LTV |
|---|---|---|---|
| Hard money | Pure asset-based | Fix-and-flip, distressed, foreclosure | 65-75% / 90% LTC |
| Bridge | Pure asset-based | Pre-stabilization, value-add | 70-80% |
| Private money | Pure asset-based | Speed-first, no-doc | 60-70% |
| Transactional / wholesale | Pure asset-based | Double-close A-B-C | 100% (1-day) |
| DSCR | Asset-led hybrid | Stabilized rentals, BRRRR refi | 75-80% |
Where asset-based wins
Scenarios where direct lenders price asset-based deals fast.
Speed-sensitive deals
Same-day approvals on hard money. 3-day close on bridge. Critical for foreclosure auctions, partner-buyouts, distressed acquisitions.
No-credit / low-credit borrowers
Property value drives the underwrite. No-credit and low-credit purchase loans available at 10-14% rate, 65-75% LTV.
LLC-titled investment property
Hard money, bridge, and private money all accept LLC titles. No personal guarantee required by some lenders.
International / foreign nationals
Asset-based programs available — direct lenders quote based on asset value and rental income, not US tax returns.
Self-employed / 1099 borrowers
Standard income docs don't fit. Asset-based + non-QM bank statement underwriting opens the gate.
Emergency, bailout, default rescue
When time matters more than rate. Hard money and bridge close in days; foreclosure rescue specialists pre-vetted on the platform.
FAQ