The Alpha Promise

Alpha Funding Partners was formed to help real estate investors, brokers, and referral partners to get immediate access to direct capital in an easy and affordable way.

We understand that projects are complicated and that the lending process can be confusing. To solve that, we provide timely feedback, the perfect loan for every project, transparent terms, and professional support to make every project successful.

Pros Working for Pros

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.

Once projects begin, Alpha brings years of lending and project management experience to every partnership. We offer a seasoned team with rich experience as lenders, borrowers, project managers, general contractors, and entrepreneurs. We know what investors need when they need it. We are pros working for pros and we welcome the opportunity to earn your next project while helping your business grow.

Property Geographic Area Details

CT, FL, GA, MD, NJ, NY, NC, PA, TX

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

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

69.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

100.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Residential Long-Term Rental

Minimum Loan Amount

$75,000

Maximum Loan Amount

$700,000

Minimum Interest Rate

6.25%

Maximum Interest Rate

8%

Minimum Origination Fee

3%

Maximum Origination Fee

5%

Minimum Loan Term

36 months

Maximum Loan Term

361 months

Maximum Loan-To-Value

80.00%

Maximum Loan-To-Purchase

80.00%

Minimum Debt Service Coverage Ratio

1.15

Will Lend on a Portfolio of Rentals

No

Minimum Property Value

$75,000

Maximum Property Value

$1,000,000

Details 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 penalty

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC

Documentation Required

  • Credit Report
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

no

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

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.

Once projects begin, Alpha brings years of lending and project management experience to every partnership. We offer a seasoned team with rich experience as lenders, borrowers, project managers, general contractors, and entrepreneurs. We know what investors need when they need it. We are pros working for pros and we welcome the opportunity to earn your next project while helping your business grow.

 

Company Size (Number of Employees)

24

Year Established

2007

Associations

  • American Association of Private Lenders
  • National Private Lenders Association

Office Locations

Alpha Funding Partners - Headquarters
329 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

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!

Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Properties in New York & New Jersey
  • 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

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
%
months

At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
%
$
$
%

(temp use, storage, billboard, parking, etc.)

$
$
$
$
$
$
$
%

If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

$
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$
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how will the loan be paid off?

acres

Add links to photos here.

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1
acres

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Add links to documents, photos, etc.

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Before You Contact Us

Our Minimum Loan Amount Is

$100,000

What We Do

  • Properties in New York & New Jersey
  • 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