Basic Loan Terms:
- Loans ranging from $50,000 - $1,000,000
- Term can be from 3 months to 18 months with possible renewal
- 3 month minimum interest payment
- Current interest rate 10.75%
Max Lending Limits:
- Up to 80% LTV/ARV on NOO Residential Projects
- Up to 70% LTV/ARV on Commercial Projects
- Up to 50% LTV on Land Acquisition
- Up to 50% Equity Cash Out Loans on Real Estate
We want our borrowers to succeed!
"It seems that you must not need money to be able to borrow from a retail bank. Even with a strong track record and good credit scores, we were unable to move ahead because our loan didn’t fit into a standardized box that the Bank was used to. ALFIE worked with me to get my project done and then they assisted me to get refinanced in a timely manner."
- Steve Rotundo, Johnson City, TN