ABEX Private Lending announces Private Lending Program

July 6, 2010 - PRLog -- 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, 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 & CEO of ABEX Group 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."
Visit our website at:http://www.abexgroupinc.com

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ABEX Group was founded in 2008 as a holding company for its activities in the sectors IT/Telecom, real estate and Media. Under the brand name Stonehenge we operate three IT/Telecom Companies that focus on GPS and Mobile technologies in combination with location based services, gaming and mobile networks. Under the ABEX brand we operate a group of companies that focus on real estate and real estate investments. We have the knowledge inhouse to control every project from start to finish, and thus offer a better protection to our investors. 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 is that all investments are fully securitized to a maximum of 70 % loan to value thus assuring that the investor is always covered on his investment.