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Alpen Mortgage

Alpen Mortgage is a Reno-based private real estate lender serving Nevada, California, and Arizona. It provides $500,000–$20 million bridge, refinance, construction, land, and commercial loans, with a focus on complex and time-sensitive transactions.

Lending Quick Facts

  • Loan Types: Bridge, refinance, construction, land, and commercial loans
  • Loan Amount Range: Generally $500,000 to $20,000,000
  • Average Loan Size: Approximately $5.03 million
  • Geographic Focus: Nevada, California, and Arizona
  • Property Types: Residential, commercial, land, and development projects
  • Borrower Types: Builders, developers, investors, and borrowers with projects that may fall outside conventional bank guidelines
  • Loan Term: Short-term financing ranging from several months to several years; approximately three years on average
  • Lien Position: Primarily first trust deeds
  • Second-Lien Financing: Considered rarely when combined leverage is exceptionally low
  • Underwriting Approach: Asset-focused underwriting considering collateral value, project feasibility, borrower finances, assets, obligations, creditworthiness, and reputation
  • Non-Traditional Income: Can be considered rather than relying solely on conventional income documentation
  • Personal Guarantees: Often required from key borrowers
  • Cross-Collateralization: May be used when additional real estate collateral improves the loan structure
  • Title Insurance: Required on all loans
  • Special Situations: Frequently evaluates complex, time-sensitive, construction, land-development, and near-bankable transactions
Common Loan Scenarios
  • Developer acquiring land for a future residential development
  • Builder financing vertical construction of a residential subdivision
  • Developer refinancing an existing construction or development loan
  • Investor needing bridge financing before obtaining permanent financing
  • Commercial developer financing a time-sensitive property acquisition
  • Borrower refinancing a project that falls outside conventional bank guidelines
  • Developer using multiple properties to strengthen a cross-collateralized loan
  • Borrower financing a complex property requiring flexible private underwriting
Scenarios Not Considered
  • Loans secured only by personal property rather than real estate
  • Unsecured business loans without real estate collateral
  • Second trust deeds with high combined loan-to-value
  • Transactions without sufficient marketable real estate collateral
  • Projects where collateral value cannot reasonably support the requested loan
  • Transactions presenting unresolved zoning or legal issues that impair project viability

Questions & Answers

Alpen Mortgage offers bridge, refinance, construction, land, and commercial real estate financing. The loans are generally designed for short-term situations in which conventional institutional financing may not fit the transaction.

Alpen Mortgage focuses on Nevada, California, and Arizona. The company has particularly deep experience in Northern Nevada while serving borrowers more broadly across its West Coast markets.

Alpen Mortgage generally originates loans from $500,000 to $20 million. Its reported average loan size is approximately $5.03 million.

Yes. Alpen Mortgage finances construction projects and has funded residential subdivisions, custom homes, multifamily development, and other vertical construction projects. The company reports having financed the construction of more than 1,000 homes.

Yes. Alpen Mortgage specifically identifies land loans and land development among its financing capabilities. Its project history includes master-planned residential developments and site-development transactions.

Yes. Alpen Mortgage offers commercial real estate financing and has funded commercial buildings and projects combining multifamily development with commercial components.

Potentially. Alpen Mortgage frequently evaluates what it describes as "near-bankable" transactions that fall just outside conventional bank standards, including projects involving unusual properties, non-traditional income, or timing constraints.

Alpen Mortgage evaluates the overall transaction rather than relying solely on a credit score. Alpen Mortgage may consider the project strategy, income and cash flow, liquidity, assets, liabilities, credit history, reputation, collateral value, and project feasibility.

No published minimum credit score is provided. Alpen Mortgage considers creditworthiness but evaluates it together with the borrower's financial position, collateral, project plan, and other factors rather than making credit score the sole underwriting criterion.

Alpen Mortgage primarily structures loans in a first trust deed position. Alpen Mortgage may consider a second trust deed in rare cases when the combined loan-to-value is exceptionally low.

Alpen Mortgage often requires personal guarantees from key borrowers as additional security. Requirements can depend on the transaction and borrower structure.

Yes. Alpen Mortgage may use cross-collateralization when additional properties can strengthen the collateral position and improve the overall loan structure.

Yes. Alpen Mortgage considers borrowers with non-traditional income and evaluates personal and business income, liquidity, cash flow, assets, and the strength of the underlying investment rather than relying exclusively on conventional documentation.

Yes. Alpen Mortgage positions private lending for transactions requiring faster decisions or funding than traditional institutions may provide. Its published project history includes a $20.81 million refinance and construction transaction funded within six weeks of application.

No. Alpen Mortgage limits its private lending to loans secured by real estate and does not provide loans secured solely by personal property.

Details and Requirements

Credit Check Required

yes

Last updated: September 25, 2026

Company Quick Facts

  • Year Established: 2002
  • Headquarters: Reno, Nevada
  • Company Type: Private real estate lender
  • Founding Principals: Max Haynes and Marilyn Spencer
  • Primary Customers: Residential builders, commercial developers, real estate investors, and other borrowers seeking private financing
  • Geographic Focus: Nevada, California, and Arizona
  • Regional Focus: West Coast, with longstanding activity in Northern Nevada
  • Capital Sources: Sophisticated private investors and family offices
  • Capital Model: Real estate loans funded through private investor and family-office capital
  • Loan Volume: Approximately $2 billion originated since inception
  • 2024 Loan Volume: More than $250 million funded
  • Average Loan Size: Approximately $5.03 million
  • Largest Typical Loan Size: $20 million
  • Primary Lending Strategy: Short-term real estate loans secured primarily by first trust deeds
  • Licensing: AZ LIC #CMB-2009917 #MB-2009915 – CA LIC #02236651 – FL LIC #MBR7283 – NV LIC #2121 – TX LIC # – NMLS #363496

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