For the last few years, Alex Kleyner of ABK Capital has proven to be the true definition of a success story post-covid-19, having found that developers and construction companies were struggling to get funding to complete projects with nervous bankers and lenders ABK Capital ran by the kid in his 20’s Alex Kleyner stepped up to the plate and has thus thrived since.
With numerous thriving businesses in different sectors of the economy pre-covid, it was essential to pick a business that would be a long-term solution with the ability to grow. Sports, travel, and logistics all got rocked during covid, but banks always remained open.
ABK Capital & its founder Alex Kleyner continue to inspire others within the small company. Alex is a computer science graduate interested in financial products and the fintech industry. He co-founded ABK Capital to address the challenges faced by property developers when developing real estate. He noticed that banks and other traditional financiers were risk-averse ever since the real estate market crashed in 2008. This meant that developers with projects that were seen as risky could not access funding. Through ABK Capital, Alex Kleyner brokers with other lenders to lower risk and provide a source for funds and funds real estate projects that have a great potential to make a decent profit if they were to get the funding needed when a traditional bank may not give them the green light.
As Jonathan Willis, who works with Kleyner, says. “It’s important that we come to work and know that we are a driving force behind South Florida’s growth and one of the many reasons it’s the best place to live.
What ABK Capital offers?
i) Senior Secured Loans
These loans are meant for property developers who are just starting up and have not secured any other type of financing. The loan is secured as the project’s land serves as collateral. Since the loan is fully secured, it is less risky for ABK Capital and cheaper for borrowers. That is why many property developers are rushing to ABK Capital for financing.
ii) Mezzanine Loans
These are loans meant for property developers who have commenced construction and procured a secured loan tied to the land. This means the loan is unsecured and is offered based on the ability of the project to generate a decent profit when completed. The interest rate is slightly higher than the secured loan, but ABK Capital offers competitive rates.
iii) Equity Funding
Developers with projects awaiting completion but have run out of cash can get equity loans to complete the construction, interior design works, landscaping, and marketing to put the property in a better position to fetch bigger profits. Alex Kleyner and ABK Capital, in general, understand the needs of property developers, so they know the best products to offer them. They also know how to weigh risk and reward to ensure they strike a balance between safeguarding investor assets and client needs.
With his hands steering three significant companies to success, Alex Kleyner is the true definition of a serial entrepreneur. Everybody is watching what Alex will come up with next because he’s always looking for ways to solve existing problems.
Currently, Alex Kleyner is opening new offices across the country for ABK Capital, with Miami, Florida, being one of the top spots for growth. This is due to the rising demand for affordable financing for real estate projects. The goal of ABK Capital is to provide affordable financing to as many clients as possible.
