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Altaloans

Altaloans is a private lending firm based in Aventura, Florida, specializing in creative hard money loans for various properties. They provide flexible loan structures for investments, refinancing, and construction, with amounts ranging from $75,000 to $7.5 million and terms of 12 to 36 months.

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Common Loan Scenarios
  • Fast & Flexible Hard Money Loans
  • Residential & Multifamily properties
  • Many types of commercial properties
  • DSCR Long-Term Rental Loans
Scenarios Not Considered
  • 100% Financing
  • Gap Funding
  • Owner-Occupied Homes
  • Loans for personal, family or household use
Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Max LTP Commercial: 70%
Max LTP Land: 65%
Purchase Long-Term
Max LTP Residential: 85%
Max LTP Multifamily: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 65%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 70%
Max LTV 1st Lien Land: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 65%
Max LTV 1st Lien Multifamily: 70%
Max CLTV 2nd Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 65%
Max LTV 1st Lien Land: 65%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 75%
Residential Fix & Flip
Max LTP: 85%
Max LTC: 100%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 85%
Max LTC: 100%
Max LTARV: 75%
Multifamily Value-Add
Max LTP: 75%
Max LTC: 80%
Max LTARV: 70%
Commercial Value-Add
Max LTP: 70%
Max LTC: 75%
Max LTARV: 65%
Residential Construction
Max LTP Land: 80%
Max LTC: 85%
Max LTCV: 75%
Multifamily Construction
Max LTP Land: 70%
Max LTC: 75%
Max LTCV: 70%
Commercial Construction
Max LTP Land: 70%
Max LTC: 75%
Max LTCV: 70%
Property Types
  • 2-4 Units Residential
  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Car Wash
  • Child Day Care
  • Commercial Condominium
  • Commercial Land
  • Community Center
  • Condominium
  • Cooperative
  • Golf Course
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Parking Garage
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • School
  • Single Family Residence
  • Sports Facility
  • Storage Facility
  • Student Housing
  • Vehicle Parking
Loan Types
  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Owner-Occupied
  • Multifamily Bridge
  • Multifamily Rehab
  • Commercial Bridge
  • Commercial Property Value Add
Specialty Loan Types
  • Residential Long-Term Rental
  • Residential Short-Term Rental
Underwriting Fee

$1495

Legal Fee

$1,200 Attorney Fee

Minimum Origination Fee Amount

$1,000

Details and Requirements

Property Geographic Area Details

Florida

Loan Amounts

$75,000 to $7,500,000

Interest Rates

8.99% to 11.5%

Origination Fees

1% to 1.5%

Loan Terms

12 to 36 months

Lien Position

1st, 2nd

Credit Check Required

yes

Credit Check Details

For short-term bridge loans, we do check credit but are not concerned about the score. For DSCR long-term rental loans, a FICO score of 680+ is required.

Prepayment Penalty

yes

Prepayment Penalty Details

No prepayment penalty for short-term bridge loans. Prepayment penalty only applies to DSCR long-term rental loans for residential and small multifamily properties.

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Amortized
Personal Guaranty (Recourse) Required
Sometimes
Borrower Entity Types Considered
  • LLC
  • Corporation
Documentation Required
  • Credit Report
Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will lend to a foreign national

yes

We lend to a lot of foreign nationals and even allow them to sign documents remotely.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Equity Joint Venture

no

Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Flexible and Creative Hard Money Loans in Florida

Alta loans is a Miami-based private lending firm that offers creative short-term loans secured by many types of properties in Florida. We can get creative with our loan structures and have the ability to fund hard money loans that most other lenders cannot.

  • Purchase and Refinance Bridge Loans
  • Fix & Flip Loans
  • Ground-Up Construction Loans
  • Cross Collateral considered
  • 2nd Mortgages (behind bank loans)
  • NO Prepayment Penalty for short-term loans
  • Remote Online Closings for foreign nationals

Please note that we do not consider owner-occupied homes.

Last updated: July 21, 2026

Altaloans’s Lending Activity
Data Provided By Elementix
Elementix Logo
12mo Loan Volume

$30,650,650

12mo Loan Count

76

Total Loan Volume

$100,771,711

Average Loan Size

$428,816

Loan Count by State (Past 12 Months)
FL: 73, TN: 2, CT: 1
Data provided by Elementix | Disclaimer

Altaloans was founded by mortgage industry veterans who combine 40 years of experience in active broker origination, TPO lending in agency, non-QM, and bridge products, capital markets, and full-scale mortgage operations. These skills enable us to perfectly understand the needs of mortgage brokers and partners. We thrive on our partners’ success and the delivery of the best service.

Office Locations

20200 W Dixie Hwy, Suite 1104, Aventura, Florida 33180
Company Size (Number of Employees)

6

Year Established

2022

License

NMLS ID 2427649

Primary Capital Source
  • Own Funds
  • Family Offices
  • Bank Credit Line
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Table Funding with Capital Partner
  • A/B Note Participation with Bank
Percentage of Loans Secured by Commercial Property

5%

Percentage of Loans Secured by Residential Property

95%

Total Number of Loans Funded to Date

240

Total Loan Volume Funded to Date

$60,000,000

Associations

FAMP - Board Member

Our Team

Danil Tesenin

President

Constantin Anosov

CFO

Info Our minimum loan amount is $75,000

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