Alpha Funding Corp.

Bridge Loan Commercial
Property Types	Gas Station, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, Senior Care - Commercial Property, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$2,000,000
Loan amount Maximum	$100,000,000
Interest Rate Maximum	11%
Points Minimum 1st TD	2
Points Maximum 1st TD	3
Terms	1 year, 2 year, 3 year
Typical Days Required to Fund	20-30 Business days
Lien Position	1st
Recourse	Recourse and Non Recourse available
Updated as of	2023-06-13
Program Code	LG176

Bridge Loan
Property Types	Land Entitled, Land Non-Entitled
Lendding Area	florida, texas
Loan amount Minimum	$2,000,000
Loan amount Maximum	$25,000,000
Interest Rate Minimum	10.5%
Interest Rate Maximum	13.75%
Points Minimum 1st TD	2
Points Maximum 1st TD	3
Terms	6 month, 1 year, 18 month, 2 year, 3 year
Typical Days Required to Fund	20-30 Business days
Recourse	Recourse and Non Recourse available
General Pricing or Guideline info	Commercial Land Agricultural Land Residential Land Industrial Land Raw Land Alpha Funding Corp is a leading provider of hard money loans for land and vacant property in Texas and Florida. Our land loans are ideal for property ranging from a few hundred square feet up to large acreage purchases. We strive to provide you the service you need, including quick closing loans on property that government-backed lenders may not be able to assist you with. LAND LOANS FOR RAW LAND Many banks and government-backed lenders will not lend on raw, vacant land. Or, if they do lend for this property, strict guidelines prevent most borrowers from qualifying. The good news is that it is possible to utilize hard money loans so that if you can’t qualify for a land loan through a conventional lender, you can still purchase your property. A hard money or private money loan is an asset-backed loan where a borrower can receive financing secured on real estate (including raw land.) Because hard money loans are issued by private firms, it is possible for borrowers who would not otherwise qualify for lending to get the financing they need. Most of these loans are for a period of time ranging from one to three years–long enough to build on or update the property and begin earning income from it.
Updated as of	2022-01-01
Program Code	LG104

Hard Money Loan
Property Types	Assisted Living, Automotive, Condo, Gas Station, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Retail, Senior Care - Commercial Property, SFR, Special-Use
Lendding Area	NATIONWIDE
Loan amount Minimum	$2,000,000
Loan amount Maximum	$100,000,000
Interest Rate Minimum	9%
Interest Rate Maximum	14%
Points Minimum 1st TD	2
Points Maximum 1st TD	3
Terms	1 year, 2 year, 3 year, 4 year, 5 year
Lien Position	1st
Recourse	Recourse and Non Recourse available
Updated as of	2023-06-13
Program Code	LG177

Summary of all Guidelines
Loan Types	Bridge Loan, Hard Money Loan
Property Types	Assisted Living, Condo, Gas Station, Hotel, Industrial, Land Entitled, Mixed use, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, Senior, SFR, Warehouse
Lendding Area	NATIONWIDE
Loan amount Minimum	$1,000,000
Loan amount Maximum	$20,000,000
Interest Rate Minimum	7%
Interest Rate Maximum	14%
Points Minimum 1st TD	2
Points Maximum 1st TD	5
Terms	2 years, 3 years
Interest Only or Amortized	Interest Only
Prepayment Penalty	None
LTV Bridge	80
LTC Construction	80
Upfront Fees	Legal Review
Special Features	Foreign nationals, Renovation
Percentage of Budget Financed - Rehab	100
LTC Percentage of Budget Financed	100

WHY ALPHA FUNDING?

FLEXIBILITY

We are able to make exceptions when the big picture makes sense to us. Our primary focus is the strength of the collateral, the ability to debt service, and the borrower’s ability to repay the loan. We are able to get past issues other hard money lenders can’t. We are problem solvers with reasonable solutions for un-bankable loans.

TRANSPARENCY

We have a simple and transparent private real estate loan process that works well for brokers and borrowers. We will update you every working day as to the progression of your loan request. We know how important your loan is and we pride ourselves on being transparent. We will openly share with you what our concerns are.

CERTAINTY

We will confirm if we are interested in funding your loan shortly after your application is received. We close quickly within two to three weeks, our private lending interest rates are favorable, and we offer higher than normal leverage. Our experience with various loan scenarios and property types allow us to effectively close your loan.

Alpha Funding Corp. is located in Las Vegas, NV. They offer financing for Bridge Loans and Hard Money Loans. The property type they primarily lend against is Assisted Living, Condo, Gas Station, Hotel, Industrial, Land Entitled, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, SFR, Warehouse, Mixed use and Senior. Their minimum loan amount is $1,000,000. Their maximum loan amount is $20,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 2 years;3 years. Although rates can change they are typically lending at a minimum rate of 7%. Maximum interest rate of 14%. Points charged are deal specific, but historically have charged a minimum of 2. Maximum points charged are 5.

These descriptions are limited information and meant for general reference purposes.