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)

Multi-Family/Commercial Construction


"Our 120 unit, former hotel complex already had bookings scheduled when we came to ALFIE for financing. They were able to structure a loan around our needs for construction prioritization and were not bound by the demands of an underwriter that is unfamiliar with our area."

-Venerable Pannavati, Hendersonville, NC