Alpha Funding Solutions


[Total: 77    Average: 3.3/5]


alpha
Phone: 732-657-2014
Address: 29 Union Avenue Lakehurst, NJ 08733
Email: info@alphafunding.com
Website: http://alphafunding.com//
States They Lend In: NEW JERSEY | NEW YORK | PENNSYLVANIA | CONNECTICUT | MARYLAND | DELAWARE

 

Residential & Commercial Hard Money Loans

 

Fix & Flip * Fix & Hold * Hard Money * New Construction * Commercial Bridge * Joint Ventures * Equity * Debt Restructuring * Note Purchase * Foreclosure Bailouts * Tenant Improvements

 

NEW JERSEY

 

NEW JERSEY FOCUS AREAS: We lend hard money loans in all New Jersey Counties

  • Essex, Hudson, Hunterdon, Mercer, Morris, Monmouth, Middlesex, Ocean, Passaic, Somerset, Union, Warren, Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, & Somerset.

 

HARD MONEY LENDING HIGHLIGHTS:

 

  • 65% Loan to Value based off of the After Repair Value
  • 1 to 2 Year Terms
  • Funding 80% to 90% of total project cost
  • Loan Must Close in LLC or Corporate Entity
  • Interest Only
  • Quick Closings
  • Single Family, Multifamily, Mixed-Use, and All types of Commercial
  • No churches, gas stations, or limited special use properties
  • Single Families are investor only, Commercial can be owner occupied
  • No Money Down
  • No FICO minimum
  • Rates from 12% to 14% – Interest only
  • Origination Fee 2 to 4 Points
  • All Asset Classes Considered
  • Loan Amounts up to $3,000,000
  • 10 Day closings

NEW YORK

 

NEW YORK FOCUS AREAS: We are focused in the 5 boroughs of NY (Manhattan, Brooklyn, Harlem, Queens, Staten Island), Long Island, Westchester, and Hudson Valley.

 

LENDING HIGHLIGHTS:

 

  • 65% Loan to Value based off of the After Repair Value
  • 1 to 2 Year Terms
  • Funding 80% to 90% of total project cost
  • Loan Must Close in LLC or Corporate Entity
  • No Prepayment Penalties
  • No Seasoning Period
  • Interest Only
  • Quick Closings
  • Single Family, Multifamily, Mixed-Use, and All types of Commercial
  • No churches, gas stations, or limited special use properties
  • Single Families are investor only, Commercial can be owner occupied
  • No Money Down
  • No FICO minimum
  • Rates from 12% to 14% – Interest only
  • Origination Fee 2 to 4 Points
  • All Asset Classes Considered
  • Loan Amounts Up to $3,000,000
  • 10 Day closings

PENNSYLVANIA

 

PENNSYLVANIA FOCUS AREAS:

Philadelphia (Philly), Allentown, Bucks County, Delaware County, & Lehigh Valley.

 

LENDING HIGHLIGHTS:

 

  • 65% Loan to Value based off of the After Repair Value
  • 1 to 2 Year Terms
  • Funding 80% to 90% of total project cost
  • Loan Must Close in LLC or Corporate Entity
  • No Prepayment Penalties
  • No Seasoning Period
  • Interest Only
  • Quick Closings
  • Single Family, Multifamily, Mixed-Use, and All types of Commercial
  • No churches, gas stations, or limited special use properties
  • Single Families are investor only, Commercial can be owner occupied
  • No Money Down
  • No FICO minimum
  • Rates from 12% to 14% – Interest only
  • Origination Fee 2 to 4 Points
  • All Asset Classes Considered
  • Loan Amounts Up to $3,000,000
  • 10 Day closings

CONNECTICUT

 

HARD MONEY LENDING HIGHLIGHTS:

 

  • 65% Loan to Value based off of the After Repair Value
  • 1 to 2 Year Terms
  • Funding 80% to 90% of total project cost
  • Loan Must Close in LLC or Corporate Entity
  • No Prepayment Penalties
  • No Seasoning Period
  • Interest Only
  • Quick Closings
  • Single Family, Multifamily, Mixed-Use, and All types of Commercial
  • No churches, gas stations, or limited special use properties
  • Single Families are investor only, Commercial can be owner occupied
  • No Money Down
  • No FICO minimum
  • Rates from 12% to 14% – Interest only
  • Origination Fee 2 to 4 Points
  • All Asset Classes Considered
  • Loan AmountsUp to $3,000,000
  • 10 Day closings

Maryland

 

MARYLAND FOCUS AREAS: Baltimore

 

HARD MONEY LENDING HIGHLIGHTS:

 

  • 65% Loan to Value based off of the After Repair Value
  • 1 to 2 Year Terms
  • Funding 80% to 90% of total project cost
  • Loan Must Close in LLC or Corporate Entity
  • Interest Only
  • Quick Closings
  • Single Family, Multifamily, Mixed-Use, and All types of Commercial
  • No churches, gas stations, or limited special use properties
  • Single Families are investor only, Commercial can be owner occupied
  • No Money Down
  • No FICO minimum
  • Rates from 12% to 14% – Interest only
  • Origination Fee 2 to 4 Points
  • All Asset Classes Considered
  • Loan Amounts up to $3,000,000
  • 10 Day closings

Rehab and Construction Loan

 

Loan Requirements

 

  • Loan amounts up to $3,000,000 but will consider larger on a case by case basis.
  • Loan to value of 60%-65% or below on residential Fix & Flip, less preferred (We will consider cross collateralization)
  • Loan term of 1 year to 2 years
  • Information that you have experience and/or are using an experienced team to complete the project
  • Financial information showing that you have the funds to maintain your monthly interest payments
  • Presentation of a clear exit strategy, ie. Fix & Flip or Fix & Hold
    • For Fix & Hold borrower’s credit in line with approval standards for traditional refinancing will need to be presented
  • An Appraisal completed by an independent appraisal company (Ordered by our Office)

Commercial Bridge Loans

 

Loan Requirements

 

  • Loan amounts up to $3,000,000 but will consider larger on a case by case basis
  • Loan to value of 60%-65% or less for Commercial Bridge
  • Loan term of 1 year to 2 years
  • Information that you have experience and/or are using an experienced team to complete the project
  • Financial information showing that you have the funds to maintain your monthly interest payments
  • Presentation of a clear exit strategy
  • An Appraisal completed by an independent appraisal company (Ordered by our Office)

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