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Property Geographic Area Details
CT, FL, GA, MD, NJ, NY, NC, PA, TX, VA
Loan Amounts
$100,000 to $5,000,000
Interest Rates
8.99% to 12%
Max Loan-To-Value
70.00%
Max Loan-To-Cost
90.00%
Origination Fees
2% to 4%
Loan Terms
1 months to 12 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Improve Subject Property
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
Property Types
- 2-4 Units Residential
- Mixed-Use
- Multifamily
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Residential Long-Term Rental
Purchase Loan
Max Loan-To-Purchase Price
90.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
0Maximum After Repair Value
69.00%Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
3Max LTC for Ground-Up Construction Costs
100.00%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesResidential Long-Term Rental
Minimum Loan Amount
$75,000Maximum Loan Amount
$700,000Minimum Interest Rate
6.25%Maximum Interest Rate
8%Minimum Origination Fee
3%Maximum Origination Fee
5%Minimum Loan Term
36 monthsMaximum Loan Term
361 monthsMaximum Loan-To-Value
80.00%Maximum Loan-To-Purchase
80.00%Minimum Debt Service Coverage Ratio
1.15Will Lend on a Portfolio of Rentals
NoMinimum Property Value
$75,000Maximum Property Value
$1,000,000Details and Requirements
Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
yes
1-5 year options with a charge up on rate based on length of prepayment penaltyWill lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
Documentation Required
- Credit Report
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
noAppraisal Required for Residential Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
NeverFees
Legal Fee
$1000 Lender's Legal Fee paid at Closing
Renovation Construction Draw Fee
$150 for each inspection for each draw request
Fees which are paid to a third party company
- Legal Fee
Alpha Funding Partners was formed to help real estate investors, brokers, and referral partners get immediate access to direct capital in an easy and affordable way. Alpha Funding Partners is a Direct Private Asset-Based Lender located in New York and New Jersey. We have been meeting the needs of real estate investors, developers, and builders since 2007 funding projects that are not fundable through traditional sources. Alpha focuses on residential & commercial properties and has provided financing for over 350 borrowers in loan sizes varying from $100,000 -$10,000,000.
As a successful lender with over 50 years of combined experience, Alpha Funding Partners believes in building strong and lasting relationships. We underwrite and approve loans in-house and our team works quickly to immediately review, approve, and fund projects.
Company Size (Number of Employees)
24
Year Established
2007
Associations
- American Association of Private Lenders
- National Private Lenders Association
Office Locations
Alpha Funding Partners - Headquarters329 Hempstead Turnpike, West Hempstead, NY 11552
Alpha Funding Partners
1151 Broad Street, Shrewsbury, NJ 07702
Primary Capital Source
- Debt Fund We Manage
Alternative Capital Sources
- Individual Investors
- Hedge Funds
- Life Insurance Companies
Loan Structure for Majority of Loans
- One Investor One Loan
Alternative Loan Structures
- Multiple Investor Fractionalized Note
- Table Funding with Capital Partner
Company’s Other Business Activities Besides Private Mortgage Lending
- Note Investing
- Commercial Real Estate Investing
- Residential Real Estate Investing
- Real Estate Development
Percentage of Loans Secured by Commercial Property
10%
Percentage of Residential Property Loans Which are Fix and Flip
65%
Percentage of Residential Property Loans Which are Buy and Hold
15%
Percentage of Residential Property Loans Which are Ground-Up Construction
10%
Total Number of Loans Funded to Date
2250
Total Loan Volume Funded to Date
$600,000,000
2017 Number of Loans Funded
282
2017 Loan Volume Funded
$81,500,000
2018 Number of Loans Funded
376
2018 Loan Volume Funded
$95,600,000
2019 Number of Loans Funded
520
2019 Loan Volume Funded
$145,000,000

David Zohn
Business Development Manager
David Zohn is the Business Development Manager of Alpha Funding Partners. Whether it's to finance a fix & flip, new construction, or long-term rental, David is committed to helping borrowers achieve their investment goals. Following his time at UNC-Charlotte and Kean University, David excelled in the restaurant management and luxury auto sales before finally finding a home at Alpha Funding Partners. As a former college athlete, David enjoys staying active during his free time. His hobbies include golfing, snowboarding, hiking, and cooking.

Matthew Weber
Chief Revenue Officer
Since 2016, Matthew has led Alpha’s Business Development, Marketing, and Sales efforts helping grow Alpha Funding Partners to one of the premier private lenders in the Northeast. He has been an integral part in helping Alpha originate $150M+ in loan volume in 2019 and over $600M in total capital deployed with more than 60-70% of Alpha’s business coming from repeat borrowers. Using his dynamic sales and business development background he has helped grow Alpha’s loan originations and revenue by 125% for the past 4 years in a row. Prior to joining Alpha, Matt completed his B.S. in Biology and A.S. Exercise Science and Physiology at William Paterson University. Along with real estate, Matthew has always had a strong passion for health and wellness.

Fred Assini
Chief Executive Officer

Andrew Smith
Executive Chairman
Andrew is an innovative financial services executive with 30 years of experience as an academic, mentor, and practitioner leading companies in the design and execution of goal-driven investment strategies to create a branded platform for growth. He draws on his research as a Lecturer and a Research Fellow at the University of Oxford. As Chief Investment Officer at Republic National Bank, he raised over 1 billion dollars in client funds in only three years; he later broadened this background, again as Chief Investment Officer, when he set-up and ran a Four Hundred Million Dollar ($400,000,000) multi-strategy fund. His history in the industry spans the full spectrum of fixed income; from Collateral Manager for three Asset Backed Securities Collateral Debt Obligations (“ABS CDOs”) and structuring a One Hundred Fifty Million ($150,000,000) Life Settlements Annuity program to raising over $4 billion in debt for various mortgage related structured products. Andrew is currently Chief Executive Officer of BroadSolutions in New York where he raised 40 million dollars of capital and purchased Towne Mortgage Corporation, a company he previously grew from 400 million dollars per year in originations to over 1.2 billion dollars with a servicing book of over 25,000 borrowers. Not only does his time as an academic and professional speak to his expertise, but he has also served as a designated expert witness and valuation expert for over 13 cases involving swaps, mortgages, and ABS CDOs.

Michael Strasser
Chief Operating Officer
Michael Strasser is the Chief Operating Officer for Alpha Funding Partners and joined our team in August 2013. Michael has a Bachelor of Arts from Rutgers and a Master’s Degree from the New School. He has worked in several fields as a paralegal for real estate and immigration law firms and was an Assistant Producer for a Satellite Radio Program. Currently, Michael heads the Operations and Underwriting Department for Alpha and coordinates day to day activities. He also oversees our underwriting process. When asked for a piece of advice on hard money loans, Strasser says, “For Hard Money, always find the right deal, not any deal.” Michael enjoys everything to do with technology and in his free time he likes to travel to new places and play video games.

Bruce Lawner
Chief Credit Officer
Bruce Lawner is an experienced executive with a demonstrated history of over 30 years of mortgage banking and private lending experience. As the Chief Credit Officer of Alpha Funding Partners, Bruce manages credit and lending operations while bringing his vast experience of Fix and Flip/Bridge Financing along with FHLMC FHA, VA, NON QM to the company. He has a BS in Business Management from the State University of New York College at Old Westbury. Bruce maintains his FHA Direct Endorsed Underwriting Chums # and MLO-NMLS# approval status.

Highly Recommended
I've done numerous projects with Alpha. They help get us loans so we can finance our projects. I highly recommend using them. They're a reliable and honest company.
Arnold L.

They are Rockstars!
They are Rockstars! Fast, reliable, very creative and just a cool group of people to work with.
Zachary V.

True business partner!
Alpha has patiently helped me find solutions to complex deals with lots of moving parts. They are a true business partner!
Our Minimum Loan Amount Is
$100,000
What We Do
- Bridge, Flip, Rental, Construction
- Residential & Multifamily Properties
- 10% Cash Required For Rehab Purchase
- 25% Cash Required for Rental Purchase
- Short-Term & Long-Term Financing
Not Available
- NO 100% Financing
- NO Inexperienced Investors
- NO Owner-Occupied Homes
- NO Rural Areas
- NO Raw Land Loans
Loan Request
Our Minimum Loan Amount Is
$100,000
What We Do
- Bridge, Flip, Rental, Construction
- Residential & Multifamily Properties
- 10% Cash Required For Rehab Purchase
- 25% Cash Required for Rental Purchase
- Short-Term & Long-Term Financing
Not Available
- NO 100% Financing
- NO Inexperienced Investors
- NO Owner-Occupied Homes
- NO Rural Areas
- NO Raw Land Loans