Credit Check Required

yes

Prepayment Penalty

no

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Max LTP Commercial: 75%
Max LTP Land: 65%
Max CLTP Mezzanine: 75%
Max CLTP Pref Equity: 75%
Purchase Long-Term
Max LTP Residential: 85%
Max LTP Multifamily: 80%
Max LTP Commercial: 80%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 70%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 70%
Max LTV 1st Lien Land: 65%
Max CLTV 2nd Lien Land: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max CLTV 2nd Lien Residential: 70%
Max LTV 1st Lien Multifamily: 75%
Max CLTV 2nd Lien Multifamily: 75%
Max LTV 1st Lien Commercial: 70%
Max CLTV 2nd Lien Commercial: 70%
Max LTV 1st Lien Land: 65%
Max CLTV 2nd Lien Land: 65%
Refinance Long-Term
Max LTV Residential: 80%
Max LTV Multifamily: 75%
Max LTP Commercial: 75%
Residential Fix & Flip
Max LTP: 85%
Max LTC: 90%
Max LTARV: 75%
Residential Rehab & Hold
Max LTP: 85%
Max LTC: 90%
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

Minimum Loan Amount

$85,000

Maximum Loan Amount

$5,000,000

Minimum Loan Term

360 months

Maximum Loan Term

480 months

Minimum Credit Score

620

Will Lend on a Portfolio of Properties

Yes

Minimum Property Value

$125,000

Minimum Loan Amount

$350,000

Minimum Loan Term

12 months

Maximum Loan Term

360 months

Minimum Credit Score

680

Details and Requirements

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
Appraisal Required for Residential Property

Appraisal Required for Commercial Property

Broker Price Opinion (BPO) Accepted for Residential Property

Broker Price Opinion (BPO) Accepted for Commercial Property

Collateral Types
  • Residential Property
  • Commercial Property

Contact Altaloans

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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.

License

NMLS ID 2427649

Company Size (Number of Employees)

6

Year Established

2022

Associations

  • FAMP - Board Member

Office Locations

20200 W Dixie Hwy, Suite 1104, Aventura, Florida 33180

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

Our Team

Danil Tesenin

President

Constantin Anosov

CFO

Contact Altaloans

Altaloans pays us to be listed, so there is no fee to connect with them directly.

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Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$0

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