Construction projects are always expensive, so developers need a lot of capital. It’s getting more and more expensive to build here in Myrtle Beach with rising inflation and rising labor costs. Before new developments can obtain a certificate of occupancy and be ready for sale or rental, more money will be needed. Unfortunately, traditional financiers, such as banks, credit unions, and mortgage companies, have become risk averse and are not helping South Carolina developers.
After all, real estate was always the safest investment option until the bubble burst in 2008. Today, banks want real security for the financing they offer. This is something that some developers don’t have. Fortunately, Alex Kleyner is a child born in Miami in the 1980s. He has always been intrinsically motivated by the fact that a future financier started ABK Capital years ago and plans to expand to the Myrtle Beach area. , South Carolina, to help with the booming real estate financing scene. This is great news for developers whose projects have stalled due to a lack of funding.
Alex Kleyner and ABK Capital of Miami Bring Senior and Mezzanine Real Estate Financing to Myrtle Beach
Developers with land they wish to develop, but unable to find a bank to finance their project, can count on ABK capital and Alex Kleyner for guaranteed senior loan solutions. This is a type of secure financing linked to the title of the land on which the promoter wishes to develop. While this could be a lucrative investment for ABK Capital, it’s not the only thing driving Alex Kleyner and the team. ABK Capital is focused on providing affordable financing options to developers who have been turned down by banks.
ABK Capital finances all types of projects regardless of their size. Since 2014 shortly after turning 21, Alex Kleyner created ABK Capital has helped hundreds of clients complete real estate development projects in dozens of US cities. Most of them are in Miami Florida, but ABK Capital has expanded and now serves Delray Beach, Fort Lauderdale, Doral, Ulis, Diana, Brandon, Sarasota, Tampa, Boynton Beach, Jupiter and Palm Beach, Florida , with South Carolina becoming the second. State to start lending from this year.
Mezzanine financing options
In addition to senior secured financing options, Alex Kleyner and the ABK Capital team will also offer mezzanine financing options to Myrtle Beach developers. This is for developers who have already innovated and constructed at least the ground floor of the building. Developers who want to close good deals without donating equity through equity financing can use the mezzanine financing options offered by ABK Capital. No security is often needed for this type of security, so it is a risky investment. This is why banks generally avoid mezzanine financing. Fortunately, Alex Kleyner ABK Capital is there to offer a solution whatever the size of the project.
It can be difficult for real estate companies without proven experience to obtain equity financing to acquire a property. ABK Capital’s mission is to put capital in the right hands as quickly as possible. This allows real estate companies to enhance a project’s potential to quickly turn a profit.
About Alex Kleyner
Alex Kleyner is a serial entrepreneur credited with many successful businesses, including ABK Capital. The family of IT experts hail from Canada, but moved to Florida, where most of their businesses were founded. In addition to co-founding ABK Capital. ABK Capital is growing by leaps and bounds, with an increase in demand for its services across the country. That’s why ABK Capital ventured into the South Carolina real estate market. Alex Kleyner plans to help developers in Myrtle Beach, SC secure debt financing quickly to ensure their projects are completed in a timely manner and begin generating revenue. Alex Kleyner wants a win-win situation for both the client and ABK Capital.
In addition to the main debt financing options, such as senior secured loan financing, ABK Capital also offers a wide range of other financing options that may be considered unconventional, but are incredibly useful. They are simply financing contracts based on a project’s ability to generate revenue when completed. It can be risky, but the ABK Capital team has perfected the art of analyzing transactions before offering financing. In addition to business real estate financing (CRE), ABK Capital also offers real estate consulting services to its clients to ensure the success of their projects.