ALFIE is your spec loan financing specialist in Shelby, 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
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.

Shelby, NC Real Estate Investments
Shelby, NC, is a gem nestled in the scenic foothills of North Carolina, offering a wonderful blend of small-town charm and modern amenities. It’s not just a place to live; it’s a community where neighbors greet each other with smiles and where families can thrive. The city has seen steady population growth, reflecting its appeal as a desirable residential destination. In recent years, Shelby has experienced an increase in population by over 5%, showcasing its attractiveness to newcomers seeking a peaceful yet vibrant environment. This growth is supported by a resilient local economy driven by industries such as manufacturing, healthcare, and agriculture, providing ample job opportunities and fostering economic stability.
Investing in real estate in Shelby presents a promising opportunity for both homeowners and investors alike. The real estate market here is characterized by affordable property prices compared to larger nearby cities, making it an accessible option for first-time buyers and seasoned investors looking to expand their portfolios. Whether you’re interested in restoring historic homes to their former glory or building new residences to meet modern demands, Shelby’s diverse housing options cater to various preferences and budgets. Additionally, ongoing community developments, including improvements in infrastructure, schools, and recreational facilities, contribute to the city’s appeal and enhance property values over time. With its welcoming community spirit and solid economic foundation, Shelby stands out as a charming and lucrative location for real estate investment and a wonderful place to call home.
Are you looking to invest in Shelby, 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 Shelby, Together
ALFIE is a locally owned and operated financing provider that believes in the growth of Shelby, NC which offers a compelling landscape for real estate investments, particularly for those interested in building spec homes or pursuing fix-and-flip projects. Firstly, the city’s steady population growth and stable economy create a fertile environment for residential development. With a population increase of over 5% in recent years, there’s a growing demand for housing, making Shelby an attractive destination for new construction and renovated properties alike.
Additionally, choosing Shelby, NC, as a location for a fix-and-flip project or building a spec home can be advantageous for several reasons:
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Affordable Real Estate: Shelby typically offers more affordable real estate prices compared to larger cities or more densely populated areas. Lower acquisition costs can lead to higher potential profit margins when renovating or building.
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Investment Potential: As a smaller market, Shelby may offer opportunities for real estate investors to capitalize on undervalued properties or areas poised for redevelopment. Timing investments with local economic growth can maximize returns.
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Supportive Community: Shelby often has a strong sense of community, which can be beneficial for real estate investors. Local support, networking opportunities, and potential buyers interested in supporting local projects can enhance your investment experience.
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Development Opportunities: There may be opportunities for new construction, especially if there is demand for modern, energy-efficient homes or specific types of housing that are currently lacking in the area.
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Proximity to Amenities: While not as large as major urban centers, Shelby still offers essential amenities such as schools, healthcare facilities, shopping centers, and recreational opportunities. These amenities are attractive to potential homebuyers.
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Lower Competition: Compared to more saturated markets, Shelby may have less competition among real estate investors. This can give you a better chance to find properties at favorable prices and with less bidding pressure.
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Regulatory Environment: Understanding the local regulatory environment, including zoning laws and permitting processes, is crucial for real estate investors. Shelby’s regulatory framework may be more straightforward compared to larger cities.
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.