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ARE YOU IN NEED OF A

Spec Home or Build to Rent Construction Loan in Boone, NC?

ALFIE works with Contractors, Spec-Home Builders, and Real Estate Investors in Boone, NC to provide specialized financing options to help your project succeed.

ALFIE is your spec loan financing specialist in Boone, NC.


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
Use the ALFIE Cost Calculator
This worksheet assumes a 9-month construction period with 7 equal monthly draws and a 2 month hold period with the full loan amount drawn.

Get Started Today

Fill out the form below and one of our loan originators will contact you quickly to answer any questions about your project and our loan programs.

Aerial View of Boone, NC

Boone, NC Real Estate Investments

Nestled in the picturesque Blue Ridge Mountains of North Carolina, Boone exudes a charming blend of natural beauty and vibrant community life. Named after the legendary pioneer Daniel Boone, this town is renowned for its rich Appalachian heritage and outdoor recreational opportunities. Outdoor enthusiasts flock to Boone year-round to explore its extensive network of hiking trails, including the iconic Appalachian Trail and the challenging trails of Grandfather Mountain. The town’s quaint downtown area boasts a variety of local shops, restaurants serving up southern cuisine, and cultural attractions like the Turchin Center for the Visual Arts. Boone is also home to Appalachian State University, adding a youthful energy to its community and enriching its cultural offerings with events and performances.

Investing in real estate in Boone, NC presents a compelling opportunity for several reasons. The town’s natural beauty and proximity to outdoor activities make it a magnet for tourists and second-home buyers seeking a tranquil retreat in the mountains. Boone’s strong local economy, bolstered by the university and a growing healthcare sector, provides a stable foundation for property investments. The demand for housing in Boone remains consistently high, driven by a combination of university students, faculty, and retirees attracted to the area’s quality of life. Additionally, Boone’s real estate market has shown resilience and appreciation over the years, making it a potentially lucrative investment for those looking to capitalize on both rental income and long-term property value growth in a thriving mountain community.

Are you looking to invest in Boone, NC? Let the Real Estate experts at ALFIE help you get the financing you need for your next project.

We are not bankers.

We’re Real Estate People

We provide simple spec home financing and a common sense approach that allows for fast closings and fast construction draws.

Let’s Invest In Boone, Together

ALFIE is a locally owned and operated financing provider that believes in the growth of Boone, NC. Boone, NC stands out as an excellent place to invest in real estate for several compelling reasons. Its stunning natural surroundings in the Blue Ridge Mountains make it a highly desirable location for both vacationers and residents seeking a peaceful mountain retreat. The area’s outdoor recreational opportunities, including hiking, skiing, and fishing, attract tourists throughout the year, ensuring a steady demand for vacation rentals and second homes.

Boone benefits from a robust local economy supported by industries such as education, healthcare, and tourism. Home to Appalachian State University, the town enjoys a consistent influx of students, faculty, and staff who require housing, creating a reliable rental market. The university also contributes to a vibrant cultural scene and a youthful demographic, enhancing the town’s appeal and fostering a dynamic real estate market.

Boone’s real estate market has historically shown strong appreciation, making it an attractive option for investors seeking capital appreciation. The limited supply of land due to the town’s mountainous terrain also contributes to property values holding steady over time. Whether investors are interested in rental properties, vacation homes, or long-term equity growth, Boone offers diverse opportunities supported by its unique blend of natural beauty, economic stability, and cultural vibrancy.

Understand The Process

1. Apply

Complete the CONTACT US/APPLY NOW form shown above. Or call us at (828)776-8632 to connect with a loan originator.

2. Due Dilligence & Underwriting

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.