ABK Capital is an industry leader in the real estate debt financing industry. However, this has not always been the case. Founded in 2014 by Alex Kleyner and Brian Hernandez, ABK Capital has grown considerably over the years from having just two employees and a single outlet that focuses on the south Florida market to a popular brand that serves many parts of the country. The success of the company is attributed partly to the decades of combined industry experience of the founders. The business acumen of Alex Kleyner, who is also a 28-year old serial entrepreneur can also be attributed for the success of the company.
Types of Real Estate Financing Offered by ABK Capital
i) Secured Real Estate Financing
The demand for senior secured real estate loans went up after the market crashed back in 2008. However, supply was limited as banks and other types of lenders became risk-averse and stopped approving loan applications blindly. In 2014, Alex Kleyner saw the opportunity and co-founded ABK Capital to provide a solution to the funding gap in the real estate sector. He started off with secured loans, which are tied to the value of the land being developed. This loan is meant to help developers break ground and start the construction process. Once the project has taken off, other financiers will be more willing to inject some capital into the project.
ii) Mezzanine Financing
Once construction has commenced and the ground floor has already been done, ABK Capital can offer financing to help developers complete their projects. The loan is not secured, so it is somewhat risky, but ABK Capital has experts who know how to balance risk and reward to ensure money gets into the right hands without exposing investor capital to unnecessary risks. With this type of funding, developers can complete construction projects on time and generate more profits.
ABK Capital is known for quick processing of applications. Whenever a client approaches the team, they can be assured of getting the necessary assistance in a timely manner. Regardless of the type of project in your hands, you can get the financing you need. If banks and other lenders have turned you down, ABK Capital can offer a shoulder to lean. After making your presentation and submitting your application, the team at ABK Capital will move fast to appraise the project, process your application and avail the funds you require to complete the project in a timely manner.
In addition to real estate financing, the company also offers advice and financial guidance to developers to boost the chances of success. This is because both parties have a stake in the project and want it to succeed.
ABK Capital’s Presence in South Florida
Most of the projects ABK Capital has funded are based in Miami and South Florida in general. Over the years, however, the company has been expanding and opening new offices not just within Florida, but also in other parts of the country. This is because a huge financing gap was left after the 2008 real estate market crash left lenders exposed.