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)

Speculative Construction


"We have found commercial banks to be very limited in their ability to finance our spec homes. ALFIE’s underwriting process is decisive and quick.  Overall, they are far cheaper and easier than taking on equity partners, so I get to keep all the profit myself."

-Kevin Kerr, Asheville, NC