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- Multifamily
- Non owner-occupied land
- Non-owner occupied commercial property
- Land loans
- Non owner-occupied single family
Overview
Fred founded First Rehab Lending in 2012, a nationwide direct private money lender. As the founder, he was responsible for the company’s overall business strategy and day to day operations; during this time, he expanded his business to over thirty states, creating one of the largest private money lenders on the East Coast.
Fred was instrumental to the funding of over 100 million dollars in investment properties, with specialization in non-owner occupied residential fix and flip, multi-family, mixed-use, and ground-up constructions loans.
In the early 1990s, he also founded and still operates, both Granite Hill Construction and FJN Property Management (“FJN”). At Granite Hill, he purchases properties and acts as a general contractor for renovations and remodeling before resale; as CEO of FJN, he leads facility inspections, property showings, and explains the nuances of occupancy terms.
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Bridge loans
Fix and flip loans
Ground up home construction loans
Long-term rental loans
Private money loans
Residential hard money loans
Value-add rehab loans
Land development loans
Bridge loans
Commercial hard money loans
Commercial property ground-up construction loans
Private money loans
Land loans
Non owner-occupied land loans
Non owner occupied loans
Multifamily loans
Non owner-occupied land loans
Non owner-occupied commercial real estate loans
Alpha Tech requires basic documentation to review & underwrite the loan. This includes an application, credit authorization, financials (proof of funds), renovation estimates, and documentation on the business entity.
Our loans typically run for 6 months to 1 year with a loan amount of up to $1.25 million.
Borrowers are required to pay for an appraisal of their property. The appraisal will require both “as is” and “after repair values.” This fee can vary from state to state and will also depend upon the property type. Multi-family homes usually are higher fees. Additionally, it is a requirement to provide proof of insurance for one year on the property. At closing, the borrower will pay origination costs, as well as fees for the application, title policy, processing, and underwriting.
At Alpha Tech, we offer a low interest rate starting at 8.99%. Our loans are interest only and payable monthly.
Alpha Tech offers Acquisitions & Rehab Funds, typically not to exceed 75% of the After-Repaired-Value (ARV).
At AlphaTech, there are no pre-payment penalties on our loans. If a borrower can pay off the loan before the term is up, that is completely acceptable.