Published terms, read October 29, 2026
Griffin Funding vs Asset Based Lending: published loan terms side by side
DSCR floor: Griffin Funding no minimum, ABL 1.00x. On a $2,000 monthly payment (principal, interest, taxes, insurance and HOA), Griffin Funding sets no floor; ABL needs at least $2,000 of rent. Below is everything else each one publishes on its own website, term by term.
The two lenders
Griffin Funding
Direct-to-consumer mortgage lender founded in 2013 and based in San Diego, California (NMLS 1120111). It offers DSCR loans alongside VA, bank-statement and other non-QM products.
Asset Based Lending
Direct private real estate lender based in Jersey City, New Jersey, founded in 2010 (NMLS #2449622). It funds fix and flip, new construction and bridge loans in-house; its DSCR rental loans are brokered to third-party capital partners.
The differences that change a deal
- Credit on rentals: Griffin Funding publishes a 620 minimum, ABL 660.
- Leverage on a rental purchase: up to 85% at Griffin Funding, 80% at ABL, which is 5 points of down payment on the same house.
- ABL publishes terms for fix and flip loans; Griffin Funding publishes no terms of its own for them.
- ABL publishes terms for ground-up construction loans; Griffin Funding publishes no terms of its own for them.
- Smallest DSCR loan: $100,000 at Griffin Funding, $85,000 at ABL.
- Largest DSCR loan: $4.5 million at Griffin Funding, $2.5 million at ABL.
- Units on one rental loan: up to 4 at Griffin Funding, up to 9 at ABL.
- Borrowing entity: Griffin Funding: not required. You can borrow as an individual or through a U.S. LLC with a personal guarantee. Partnership, corporation, S corp or revocable-trust vesting depends on the program. ABL: business entity required. Title must be held in an LLC or corporation; a personal guarantee is required from all principals.
DSCR rental loans
| Term | Griffin Funding | Asset Based Lending |
|---|---|---|
| Loan amount | $100,000 to $4,500,000 (larger loans by exception) | $85,000 to $2,500,000 |
| Max LTV (purchase) | Up to 80% LTV standard (20% down). Up to 85% (15% down) with a 740+ FICO on loans up to $1,000,000. Cash-out up to 80% LTV | Up to 80% LTV |
| Min FICO | 620 | 660 |
| Min DSCR | No minimum (no-ratio program available) | 1.00x |
| Experience | Not published | Not required (first-time and experienced investors) |
| Property types | 1-4 units, condos, townhomes, PUDs and short-term rentals | Single family, 2-4 units, condos (also 5-9 units) |
Asset Based Lending also publishes fix and flip loans; Griffin Funding does not. Asset Based Lending also publishes ground-up construction loans; Griffin Funding does not.
States and borrower rules
| Lender | Where it lends | Borrowing entity | Foreign nationals |
|---|---|---|---|
| Griffin Funding | All 50 states and Washington, DC for DSCR loans, per the DSCR page. Its state-licensing page lists licenses in 47 states plus DC (New York, Utah and West Virginia are not on that list). [src][src] | Not required. You can borrow as an individual or through a U.S. LLC with a personal guarantee. Partnership, corporation, S corp or revocable-trust vesting depends on the program. [src] | Offered through a separate Foreign National program: valid visa or visa waiver, at least 20% down, loans up to $5 million, typically up to four units. The DSCR page itself mentions only individuals and U.S. LLCs. [src][src] |
| Asset Based Lending | 42 states and Washington, DC per its published list (the same page says '43 states'). Not on the list: AK, HI, MT, NV, ND, SD, UT, VT. [src][src] | Business entity required. Title must be held in an LLC or corporation; a personal guarantee is required from all principals. [src][src] | Not published. |
For reference: our programs next to both
Doors Funded programs are arranged by Janover Capital LLC, which is paid when they close. They are shown separately so the comparison above stays between the two lenders.
| Lender | Loan amount | Max LTV (purchase) | Min FICO | Min DSCR | Experience | Source |
|---|---|---|---|---|---|---|
| Doors FundedOur programs, arranged by Janover Capital LLC, which is paid when they close | $75,000 to $2,000,000 | Up to 80% LTV (75% cash-out) | 660 | 1.05x | Not required | terms |
| Griffin Funding | $100,000 to $4,500,000 (larger loans by exception) | Up to 80% LTV standard (20% down). Up to 85% (15% down) with a 740+ FICO on loans up to $1,000,000. Cash-out up to 80% LTV | 620 | No minimum (no-ratio program available) | Not published | [1][2] |
| Asset Based Lending | $85,000 to $2,500,000 | Up to 80% LTV | 660 | 1.00x | Not required (first-time and experienced investors) | [1][2] |
If neither fits
Sources
- Griffin Funding: DSCR loans. Read October 29, 2026.
- Griffin Funding: DSCR loan requirements. Read October 29, 2026.
- Griffin Funding: Foreign national lending. Read October 29, 2026.
- Griffin Funding: State licensing. Read October 29, 2026.
- ABL: Company and loan program overview (updated Sept 30, 2026). Read October 29, 2026.
- ABL: DSCR rental loans. Read October 29, 2026.
- ABL: Fix and flip loans. Read October 29, 2026.
- ABL: New construction loans. Read October 29, 2026.
- ABL: Bridge loans. Read October 29, 2026.
- ABL: Where we lend. Read October 29, 2026.
- ABL: FAQs. Read October 29, 2026.
Have a deal in hand?
Send the numbers. We check them against our programs and tell you plainly whether the deal fits.