ABEX Private Lending announces its Private Lending Program

Top Quote ABEX Private Lending, a real estate investment and finance company in Central Florida, announced today that it has launched a new Private Lending Program for private investors and small funds. End Quote
  • Orlando, FL (1888PressRelease) July 23, 2010 - "In the past 3 years we have seen the real estate market coming down due to the credit crisis. There are currently very good opportunities for private investors to buy REO's and fix them up. The issue for most of these investors is that they need to borrow money in order to fix these homes up, and banks are not interested in borrowing money on homes that need to be fixed up. That is where our Private Lending program comes in" said Randy Boetcher, Director at ABEX GROUP, INC., he continued "By lending to these real estate investors at LTV's of maximum 70 % we give them the opportunity to fix up the house and either sell it or rent it and refinance with a regular bank. At that point we get our loan repaid, these loans are therefore primarily short term and usually are 3-6 months only. The interest rate we can charge is significantly higher than conventional loans because it is so short term."

    The company has a large database and system that continuously provides the company with clients who are looking for short term loans based on low LTV values. "That is the opportunity for our investors" explained Patrick Willemsen, President and CEO of ABEX GROUP, INC. Inc; he added "By investing in our Private Lending Program double digit returns can be achieved while maintaining a collateralized position at very secure LTV levels."

    ABEX GROUP, INC. was founded in 2008 as a real estate investment company focused on acquiring distressed real estate on behalf of its investors. Due to the economic environment the opportunity had presented itself to acquire real estate at attractive price levels that present excellent cash flowing opportunities. The company developed several very profitable programs where the investor can make a return on investment exceeding what the financial markets can offer. But the most important benefit of investing with ABEX GROUP, INC. is that the investor stays in full control over his investment due to our structure.

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