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)