ALFIE Loans
Financial Service
Why pick this one
Alfie provides spec-home and build-to-rent construction loans in North and South Carolina, with typical 2–3-week closings and no tax returns required.
Best for
- Spec-home construction projects in North Carolina or South Carolina
- Build-to-rent projects for real estate investors
- Builders who own the lot and need first-lien construction financing
- Borrowers seeking financing with interest charged only on drawn funds
- LLCs or corporations seeking short-term construction loans
Look elsewhere if
- Owner-occupied residences
- Second homes
- Properties occupied or rented to family members
- Individual borrowers rather than LLCs or corporations
- Projects where the borrower does not own the lot
- Projects requiring second-position financing
Specialties
- spec home construction financing
- build-to-rent construction financing
- short-term construction loans
- construction bridge loans
- select rehab and fix-and-flip loans
What makes them different
- No tax returns required for borrower applications
- Up to 100% construction financing including soft costs
- Interest charged only on funds drawn
- Loans are limited to first-lien positions with maximum 65-70% LTV based on BPO value
- More than 1,575 loans totaling over $505 million in originations since 2015
- Response time
- Typical 2-3 week closing timeline; funding can occur as soon as 3 weeks after receipt of a completed application
- Years in business
- 11
Distilled from this business's own website.
Contact & Location
- Address
- 19 Arlington St, Asheville, NC 28801
- Phone
- +18287768632
- Website
- https://alfieloans.com/
- info@alfieloans.com
Services
- real estate construction lending
- construction financing
- bridge lending
- private debt fund investment