Contractor, Spec-Home Builder, or Real Estate Investor
in need of construction lender or bridge loan?
Alfie is your spec loan financing specialist.
We offer common sense financing packages forcontractors and real estate investors. Our loans are offered at a fixed rate of 12% for a term of 12 months with a 2% origination fee. Our average borrow’s cost of capital is between 7-8% of project cost.
These loans are specifically for spec-home builders, investors, and developers who need financing for projects. Alfie does not provide construction financing for owner-occupied residences.
No tax return is required
The process is simple and fast
Only pay interest on the money drawn
Up to 100% Financing is available, including soft costs
An ALFIE loan originator will guide you through the process of providing all the details we need. Our team will answer your questions about our loan programs.
3. Loan Commitment
Once all your paperwork is complete, we move quickly. It typically only takes 3 weeks to go from Application to Closing.
4. Closing
Just a few signatures and you’re ready to get to work doing what you do best.
5. Construction Draws
Draws a painless and fast. And you only pay interest on the money that is drawn.
6. Loan Payoff
ALFIE loans are often paid off in less than 9 months. And we’ll be here when you’re ready to do it all again.
