Loan amount
$100K-$3M
Loan-to-value (LTV)
65%
Required credit score
650
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 $600. We do not collect any fees up front and are paid at closing.
Address
329 Hempstead Turnpike, West Hempstead, NY 11552
About
Alpha Funding Partners 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
Connecticut
Florida
Georgia
Illinois
Maryland
Massachusetts
New Jersey
New York
North Carolina
Pennsylvania
Texas