MIAMI, FL / ACCESSWIRE / March 31, 2022 / When you're in your 20's you have a lot of grit and determination. That's why ABK Capital has been expanded in a South Florida real estate market that seems to be only headed up with increased demand and limited supply on the market. ABK Capital is proud to announce new home funding for a project in Homestead, Florida located in south Miami-Dade county.
All successful businesses start out by solving problems. Highly respected entrepreneur Kleyner's grandmother Diana had a knack for providing unique solutions to modern challenges and has passed that trait unto her grandson. Thanks to this talent, he was able to launch ABK Capital a small but hyper local mezzanine and debt lending for real estate project business in Florida as his first business.
With ABK Capital Alex Kleyner is making significant contributions to the real estate industry. What sets it apart from the rest is its courage to do things that other companies avoid. Since the 2008 financial crisis, most lenders have become more cautious in their decision-making. This may be prudent but it creates a challenging environment for property developers. They simply need massive funds for their projects. Fortunately, ABK Capital is not afraid of taking greater risks than the average financier would. It offers multiple lending options for investors who are having a hard time getting loans elsewhere.
ABK Capital makes use of senior loans to help real estate developers get going. These are available at every stage of these projects. It is a smart strategy that provides stable returns for Alex Kleyner. Senior loans are secured by the borrower's assets and are at the top in the hierarchy of claims. Aside from the returns, what moves Kleyner is his belief in the vision of his clients. For example another young developer in his 30's came to ABK Capital about a project off of West Avenue by the Flamingo in South Beach for help.
Alex and the ABK Capital tea is eager to assist them in moving forward any way he can as long as the deal makes sense. Many of these developers come from Florida, including Palm Beach, Miami-Dade, Martin County, Broward, and Monroe.
ABK Capital also provides mezzanine financing whenever suitable. This solution is apt for real estate developers who are struggling to raise equity. It can fill the gaps and keep projects going until completion. After this, the project can finally rake in returns to please all the developers and financiers.
In running ABK Capital Alex Kleyner makes sure that there are favorable solutions for newer developers. Even without a track record, they can still avail of financing while lowering risk, increasing bankability, and avoiding cost overruns. Solutions are always tailored to each situation.
The pandemic was a major disruptive force in the real estate and debt lending industries. Many were caught unprepared for the harsh yet necessary measures implemented by governments. A couple of years on and everyone still feels its effects. Customer behavior changed and so has where people work from.
Through all the ups-and-downs, Alex Kleyner never waivered in his goals and principles. His commitment to superior customer service, strength in diversity, and flexible solutions led to the growth of ABK Capital.
SOURCE: ABK Capital