Loan Programs


Spec Loan Terms:

  • Streamlined Process
  • Up to 100% Financing (including soft costs)
  • 12 Month Term
  • Builder/Borrower Owns Lot
  • 2% Origination Fee (can be rolled in to loan at closing)
  • 12% Interest rate charged only on Funds drawn
  • BPO required (no appraisal requirement)
  • Tax Returns not required
  • Credit check & Personal financial statement required for first time borrowers
  • Fast/simple draw processing (this means quick!)
  • Building Permits required to close

Max Loan Amount:

  • 65% LTV (Loan to Value) based upon BPO value (Non-owner occupied properties only)

Cash Out Loans With Real Estate Equity


"We had run out of options to fund our new crane business until ALFIE suggested we use one of our vacant lots as collateral. They closed the loan in a week and our business has taken off."

-Matt Mullen, greater Buncombe County, NC