Loan amount
$75K-$3M
Loan-to-value (LTV)
65%
Required credit score
625
Required deal experience
3 deals
Rates
Our rates start at 9.99% and will typically range between 10-11%. All of our loans are non-dutch and interest only. We charge interest only as the money is deployed and never on held back funds. Depending on deal and borrower the rate will vary.
Fees
Origination fee is 2-4 points (2-4% of originated loan amount), Attorney fee $1000, and Commitment fee $995. We do not collect any fees up front and are paid at closing.
Address
218 Broad Street
About
Alpha Funding is a Direct Private Lender based in the Northeast. We have been meeting the needs of real estate investors, developers, and builders since 2007 funding projects that are not fundable through traditional sources. Alpha focuses on residential & commercial properties and has provided financing for over 2000+ borrowers in loan sizes varying from $100,000 -$10,000,000.
States
Alabama
Arizona
California
Connecticut
Delaware
District of Columbia
Florida
Georgia
Illinois
Maryland
Massachusetts
Michigan
Mississippi
New Jersey
New York
North Carolina
Ohio
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Virginia
West Virginia
Wisconsin