­Asset Based Lending recently funded a stabilized bridge loan to a first-time borrower and part-time real estate investor in Torrington Connecticut. This borrower purchased in 2019 and has since performed renovations on this property. The borrower’s intention is to refinance the property into a 30-year DSCR loan, but their credit score came in lower than expected. As a solution the borrower is using a stabilized bridge loan to cash out the equity on the property and use the funds to put themselves in a better position to refinance into a DSCR loan in the future.