RPC and Hunter Street Partners team up to acquire real estate lender ABL
Hunter Street and Rice Park Capital Expand Residential Loan Investment Platform with Acquisition of Asset Based Lending
MINNEAPOLIS, Dec. 21, 2021 /PRNewswire/ -- Hunter Street Partners ("Hunter Street"), a Minneapolis-based alternative investment management firm, is pleased to announce it has partnered with Rice Park Capital Management ("Rice Park") to acquire Asset Based Lending, LLC ("ABL"), building on a residential loan investment platform launched by the two firms last year. 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.