ALFIE OVERVIEW
Basic Loan Terms:
- Loans ranging from $50,000 - $5,000,000
- Term can be from 3 months to 24 months with possible renewal
- 3 month minimum interest payment
- Current interest rate 11%
- Minimum 10% down payment
Max Lending Limits:
- Up to 70% 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!
Multi-Family Housing
"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
*ALFIE does not provide loans for borrower or borrower's immediate family to acquire or occupy residences for their personal use. All borrowers must attest to their compliance with this condition.
