Fred Assini
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Fred Assini
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About Fred Assini
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Year Founded
2007
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Employees
20
Specialties
  • 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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Services
Residential
Commercial
Residential
Non-owner Occupied / Investment Property Loans

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 Loans

Land development loans

Commercial
Non-owner Occupied / Investment Property Loans

Bridge loans

Commercial hard money loans

Commercial property ground-up construction loans

Private money loans

Expertise
Residential
Commercial
Residential
Specialties

Land loans

Non owner-occupied land loans

Non owner occupied loans

Commercial
Specialties

Multifamily loans

Non owner-occupied land loans

Non owner-occupied commercial real estate loans

FAQs
What type of documentation is required for the loan application?

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.

What are the standard terms?

Our loans typically run for 6 months to 1 year with a loan amount of up to $1.25 million.

What are the costs?

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.

What is the interest rate?

At Alpha Tech, we offer a low interest rate starting at 8.99%. Our loans are interest only and payable monthly.

What loan-to-value are you looking for?

Alpha Tech offers Acquisitions & Rehab Funds, typically not to exceed 75% of the After-Repaired-Value (ARV).

Do you have a prepayment penalty?

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.

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Fred Assini
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Lenders
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