Archdale Funding’s team has set out with a common goal; to provide best in class business purpose financing to real estate investors nationwide.  We founded Archdale Funding on the belief that relationships are vital to success.  Our experience and industry knowledge have instilled in us a passion to ensure every client and referral partner receive exactly what they deserve….simplified, common sense lending with a focus on doing what’s right.

Loan Amounts

$75,000 to $3,000,000

Interest Rates

7.99% to 13%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

85.00%

Origination Fees

1% to 4%

Loan Terms

6 months to 18 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Minimum Occupancy Percentage

90%

Property Geographic Area Details

Lending in 40 States - AL, AR, CO, CT, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MT, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, SD, TN, TX, VT, VA, WA, WV, WY

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Manufactured Home
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Purchase Loan

Max Loan-To-Purchase Price

85.00%

Borrower Must Have Property Under Contract

no

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 Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
  • Family

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

3

Maximum After Repair Value

75.00%

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

2

Max LTC for Ground-Up Construction Costs

85.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Interest Reserve

Pre Payment Penalty

yes

Minimum 3 months interest required irregardless of payoff date.

Will lend to a foreign national

yes

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

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Non-Profit Corporation
  • Self-Directed IRA

Documentation Required

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

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

600

Appraisal Required for Residential Property

Always Before Funding

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Fees

Deposit Required

$995.00 to $1,995.00

$995 deposit for non-multi family deals. Covers cost of appraisal, credit checks, background checks and any other due diligence items required for approval. $1995 deposit is for multi family deals (5+ units)

Legal Fee

$1,250 - pass through cost for closing legal counsel

Extension Fee

0.5% of total loan amount for each 30 day extension granted.

Renovation Construction Draw Fee

$175 for rehab and construction draw inspections

Minimum Origination Fee Amount

$1,500

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are paid to a third party company

  • Legal Fee
  • Settlement Fee
  • Escrow Fee
  • Renovation or Construction Funds Draw Fee

Legal Disclaimer

All general information presented here is for informational purposes only and is not intended to represent a commitment to lend on the behalf of Archdale Funding. Must inquire for details as they pertain to your deal. Every borrower and loan situation is different and will be treated differently and appropriately so as to satisfy our underwriting guidelines. We make it a priority to ensure best effort is always applied to satisfy the needs of every client.

Archdale Funding was established to capitalize on inefficiencies in the fragmented residential investor loan origination business. Archdale Funding has recognized that residential developers can’t wait for the burdensome and rigid bank loan approval and funding processes. Further, many non-bank private lenders are often thinly capitalized with poor and inefficient origination and servicing processes. In addition, the majority of the US housing market is aging, leading to a constant need for development and re-development of housing stock to meet current living standards of the US population.

Established

2018

Office Locations

Archdale Funding Headquarters
1800 Camden Road, Suite 107-249, Charlotte, North Carolina, 28203

Primary Capital Source

  • Debt Fund We Manage
  • Family Offices
  • Single Capital Partner

Loan Structure for Majority of Loans

  • Own Balance Sheet
  • Multiple Lender Participation

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Commercial Mortgage Banking
  • Residential Mortgage Banking
  • Business Finance
  • Commercial Real Estate Investing
  • Residential Real Estate Investing
  • Real Estate Development

Percentage of Loans Secured by Commercial Property

0%

Percentage of Loans Secured by Residential Property

100%

Percentage of Residential Property Loans Which are Fix and Flip

100%

Percentage of Residential Property Loans Which are Buy and Hold

0%

Percentage of Residential Property Loans Which are Owner-Occupied

0%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Percentage of Commercial Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Ground-Up Construction

0%

Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)

0%

Andrew

DeSorbo

President

Andrew DeSorbo is President of Archdale Funding. He leads the day to day activities of the firm along with overseeing the sourcing of trading partners and business opportunities for Archdale Funding. Prior to co-founding Archdale Funding, Andrew was a Director at Man Global Private Markets (Man GPM), which is the private markets division of Man Group, LP, the publicly traded (LON) international hedge fund and investment management firm. At Man GPM, he was primarily responsible for deal origination, negotiation and structuring. Andrew is also an attorney and prior to his time at Man Global Private Markets he owned and ran his own law office focusing on corporate transactional matters. Andrew has also been involved in real estate as well and has renovated and sold over 20 properties and owns a small rental property portfolio. He obtained his J.D. from Tulane Law School and his undergraduate degree from George Washington University.

Kyle

Major

SVP, Head of Originations

Kyle Major is Senior Vice President, Head of Originations at Archdale Funding. He leads the sourcing and loan origination activities for the firm. Kyle has 8 years of experience in real estate financing that stretches across both the residential and commercial markets. With a strong focus on building relationships he has originated over $250 million in loans throughout his career. Kyle began his mortgage lending career with Wyndham Capital in Charlotte, NC in early 2011 and quickly became one of their top originators nationwide. After Wyndham, Kyle joined a Blackstone subsidiary to originate and structure transactions in the single-family investor loan space in 2014. In his most recent role, prior to joining Archdale Funding, he was positioned as the in-house Mortgage Consultant for Allen Tate, the largest real estate brokerage firm in the Carolinas. Kyle holds a BBA with a concentration in Personal Financial Planning and Economics from the Haworth College of Business at Western Michigan University.

Annamarie

Harrell

Associate, Loan Administration

Annamarie is an associate in the loan servicing and administration department of Archdale Funding. She is involved in the support and administration during a loan’s life cycle. Annamarie is currently finishing up her studies at University of North Carolina at Charlotte with a focus in communications.

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.)

$
$
$
$
$
$
$
%

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.

$
%
$
$

how will the loan be paid off?

acres

Add links to photos here.

Image
1
Add
1
acres

Add links to photos here.

Photo Link
1
Add
Add

Add links to documents, photos, etc.

Attachment Link
1
Add

Completed Transactions