Alphafunding.com Reviews

Based on looking at the AlphaFunding.com website, it presents itself as a prominent hard money lender specializing in real estate financing for investors.

Since 2007, Alpha Funding claims to have facilitated over $1 billion in loans across the U.S., emphasizing its long-standing presence and commitment to customer service.

The site highlights a “family-owned office” in Red Bank, NJ, valuing “relationships over transactions” and focusing on repeat business, which suggests a strong client retention strategy.

Their offerings include fix & flip, new construction, rental, and cash-out refinance programs, catering to various real estate investment needs.

However, it’s crucial to understand that conventional lending, even in the real estate sector, often involves interest riba, which is strictly forbidden in Islam.

While AlphaFunding.com doesn’t explicitly detail its interest rates on the homepage, the nature of “hard money lending” typically implies high-interest short-term loans, making it a financial avenue that should be approached with extreme caution from an Islamic perspective.

There are better, ethical alternatives available for financing real estate ventures that align with Islamic principles.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

AlphaFunding.com: A Closer Look at Their Lending Model

AlphaFunding.com positions itself as a leader in hard money lending, a specialized niche within real estate finance.

Hard money loans are asset-based loans, often used by real estate investors for short-term projects like fix-and-flips, where speed and flexibility are prioritized over traditional bank lending’s stringent requirements and slower processes.

The website emphasizes their quick funding capabilities and relationship-driven approach, a common draw for investors seeking rapid access to capital.

Understanding Hard Money Lending and Its Implications

Hard money lending is characterized by its reliance on the value of the collateral property rather than the borrower’s creditworthiness or income.

This often means higher interest rates and shorter repayment terms compared to conventional mortgages.

• Speed: Hard money lenders can typically close loans much faster than traditional banks, often within days or weeks, which is crucial for time-sensitive real estate deals.
• Flexibility: They are often more flexible with lending criteria, making them an option for borrowers who may not qualify for conventional financing due to credit issues, property type, or unique project circumstances.
• Higher Costs: The trade-off for speed and flexibility is usually a significantly higher cost of borrowing. This includes elevated interest rates, often ranging from 8% to 15% or more, plus origination fees, which can add substantial costs to the project.
• Risk: While beneficial for some, the high costs and short terms can lead to increased risk for borrowers if projects are delayed or market conditions shift unexpectedly.

The “Alpha Way”: Relationship-Centric or Transaction-Driven?

AlphaFunding.com proudly promotes “The Alpha Way,” which it describes as valuing “relationships over transactions.” They claim that a significant portion of their loan portfolio comes from repeat clients undertaking multiple projects.

• Team Longevity: The site mentions many team members have been with Alpha Funding since its inception almost 20 years ago, suggesting stability and institutional knowledge.
• Communication Priority: Excellent communication is highlighted as a core focus, aiming to foster trust and streamline the lending process.
• Client Reviews: The presence of a “client reviews” section and “The Mike & Matt Show” suggests an effort to build rapport and demonstrate transparency, though the depth and nature of these reviews would require further investigation.

While a relationship-centric approach can be beneficial for borrowers, it’s essential to remember that hard money lending is fundamentally a business driven by financial transactions. The primary goal of any lender, including Alpha Funding, is to generate profit through interest and fees. For those adhering to Islamic financial principles, the emphasis on relationships should not overshadow the underlying contractual nature of the loan, which typically involves riba interest.

AlphaFunding.com Loan Programs: An Overview

AlphaFunding.com offers several specialized lending programs tailored for real estate investors.

These programs are designed to meet the diverse needs of individuals and entities involved in property acquisition, development, and management.

Fix & Flip Loans

This program is designed for investors who purchase distressed properties, renovate them, and then sell them for a profit. Diaapress.com Reviews

• Target Audience: Ideal for experienced renovators and developers.
• Purpose: Covers acquisition and renovation costs.
• Typical Term: Short-term, usually 6-18 months, aligning with the project timeline.
• Key Advantage: Provides quick capital for opportunities that require immediate action and turnaround.

New Construction Loans

For investors looking to build properties from the ground up, AlphaFunding.com provides financing for new construction projects.

• Scope: Covers land acquisition, construction costs, and sometimes soft costs.
• Process: Often involves draw schedules, where funds are released in stages as construction milestones are met.
• Complexity: Generally more complex than fix & flip due to longer timelines, permitting, and construction management.

Rental DSCR Loans Debt Service Coverage Ratio

This program is aimed at investors acquiring or refinancing income-producing rental properties.

• Focus: Loan qualification is primarily based on the property’s ability to generate sufficient income to cover the mortgage payments, as measured by the Debt Service Coverage Ratio DSCR.
• Benefit: Often does not require personal income verification, making it appealing for investors with multiple properties or irregular income streams.
• Term: Typically longer terms than fix & flip, often 30-year amortized loans or 5/1 ARMs.

Cash-Out Refinance Loans

Investors can use this program to access equity from their existing properties.

• Purpose: Funds can be used for various purposes, such as acquiring new properties, business expansion, or debt consolidation.
• Mechanism: A new loan is taken out on an existing property for a higher amount than the current mortgage, with the difference paid out to the borrower in cash.

Each of these programs, while offering solutions for various real estate investment scenarios, operates within the conventional lending framework that typically involves interest. From an Islamic finance perspective, engaging in these types of interest-based transactions is a serious matter. It’s important for individuals to seek out sharia-compliant financing options that avoid riba interest and ensure their financial activities align with ethical and religious guidelines.

AlphaFunding.com Pros & Cons: A Balanced View for Conventional Investors

While the primary concern for Muslim investors is the involvement of riba interest, it’s important to understand the conventional pros and cons that AlphaFunding.com presents to its target market—real estate investors.

For those not bound by Islamic financial principles, these factors might be relevant.

Conventional Cons Applicable to All

As discussed, hard money lending inherently carries certain drawbacks, irrespective of religious considerations.

• High Costs: The most significant con is the elevated cost of borrowing. This includes:
  • Higher Interest Rates: Often significantly above traditional bank rates, eroding potential profits.
  • Origination Fees: Typically 1% to 5% of the loan amount, paid upfront.
  • Other Fees: Appraisal fees, legal fees, and closing costs can add up quickly.
  • Example: If a loan is for $500,000 at a 12% interest rate with a 3% origination fee, the interest alone would be $60,000 annually, plus $15,000 in upfront fees. This quickly diminishes the profit margins for investors.
• Shorter Repayment Terms: Hard money loans are usually short-term 6 months to 2 years, requiring quick project completion and exit strategies. Delays can lead to significant penalties or even foreclosure.
• Property-Dependent: The loan approval is highly dependent on the property’s value and potential, meaning properties with less equity or potential may not qualify.
• Strict Underwriting for the property: While less focused on personal credit, the lender will perform rigorous due diligence on the property itself, including appraisals, market analysis, and contractor vetting for construction loans.

Conventional Pros for Traditional Investors

For real estate investors operating outside of Islamic financial principles, AlphaFunding.com’s model might offer certain advantages.

• Speed of Funding: A major draw for hard money loans is their rapid closing times. AlphaFunding.com likely offers significantly faster approvals and funding than traditional banks, crucial for competitive real estate markets.
• Flexibility in Lending Criteria: Hard money lenders are generally more adaptable to various borrower situations e.g., lower credit scores, self-employed borrowers, unique property types compared to conventional lenders.
• Focus on Asset Value: Approval is primarily based on the property’s potential value After Repair Value or ARV rather than the borrower’s personal financial history, which can be beneficial for investors with strong projects but limited traditional credit.
• Streamlined Process: The website suggests a streamlined application process “Apply Now! Let’s Get Started”, which can be appealing to busy investors.

However, for a Muslim investor, these “pros” are overshadowed by the fundamental impermissibility of engaging in interest-based transactions. The potential for quick profits or flexible terms does not justify participation in riba.

Ethical and Halal Alternatives to AlphaFunding.com

For Muslim investors and those seeking ethically sound financing, it is crucial to avoid interest-based lending models like those offered by AlphaFunding.com. Afaudio.co.uk Reviews

Islam strictly prohibits riba interest and promotes financial transactions based on justice, equity, and risk-sharing.

Fortunately, several Sharia-compliant alternatives exist for real estate investment.

Murabaha Cost-Plus Financing

• Concept: This is a popular and widely used Islamic financing method. Instead of lending money with interest, the financier e.g., Islamic bank or institution purchases the asset e.g., property directly from the seller and then sells it to the client for a predetermined, agreed-upon mark-up profit.
• Process: The client pays the financier in installments over an agreed period. The mark-up is a fixed profit, not an interest rate that accrues over time.
• Application in Real Estate: A common structure for purchasing homes or investment properties. For instance, an Islamic financial institution would buy the property from the seller and then sell it to the investor at a higher, agreed-upon price, paid in installments.
• Key Benefit: Eliminates interest, as the transaction is a sale, not a loan.

Musharakah Partnership/Joint Venture

• Concept: Musharakah is a partnership where two or more parties contribute capital to a business venture, sharing both profits and losses according to a pre-agreed ratio.
• Application in Real Estate:
  • Diminishing Musharakah: A common model for home financing. The financial institution and the client jointly own the property. The client gradually buys out the institution’s share over time, typically through monthly payments that include both a portion for equity acquisition and a portion for rent representing the institution’s remaining share.
  • Project-Based Musharakah: For real estate development projects like fix & flip or new construction, the financier and investor can form a joint venture, contributing capital and sharing profits and losses from the project’s success or failure.
• Key Benefit: Aligns with Islamic principles of risk-sharing and prohibits fixed interest.

Ijarah Leasing

• Concept: Ijarah involves leasing an asset for a fixed rental payment.
  • Ijarah Muntahia Bi Tamleek Lease to Own: The financial institution leases the property to the client for a specific period, with a promise or option for the client to own the property at the end of the lease term either through a gift, sale, or a combination.
• Key Benefit: Provides access to property use without involving interest-bearing debt, and ownership can be transferred at the end of the term.

Istisna Manufacturing/Construction Contract

• Concept: A contract where a client orders a manufacturer or builder to produce a specific asset, according to agreed-upon specifications, for a predetermined price.
• Application in Real Estate: Ideal for new construction projects. An Islamic financial institution can contract with a builder to construct a property for the client, with payments made in installments during construction or upon completion.
• Key Benefit: Facilitates financing for custom-built properties or developments without interest.

Direct Equity Investment and Savings

• Concept: The most straightforward and risk-free approach from an Islamic perspective is to save and invest one’s own capital directly into real estate projects or to seek equity partners who are willing to share the risks and rewards.
• Benefits: Completely avoids debt and interest. Encourages prudent financial planning and patience.

Engaging with financial institutions that specialize in Islamic finance is paramount for Muslim investors. Organizations and banks around the world offer these Sharia-compliant products, ensuring that real estate investment aligns with deeply held religious convictions. It is always advisable to consult with a qualified Islamic scholar or financial advisor to ensure compliance with specific Sharia principles.

AlphaFunding.com Pricing: Understanding the Cost of Hard Money

While AlphaFunding.com’s homepage does not explicitly detail specific interest rates or fee structures, hard money lenders generally operate with transparent, albeit higher, pricing compared to traditional financing.

The absence of specific numbers on the public-facing site is typical, as rates often depend on the specific project, borrower’s experience, loan-to-value LTV ratio, and market conditions.

Typical Hard Money Loan Cost Components

When evaluating any hard money lender, investors should expect to encounter the following pricing components:

• Interest Rate: This is the primary cost of borrowing. For hard money loans, these rates are significantly higher than conventional bank rates.
  • Range: Typically, hard money interest rates can range from 8% to 18% APR, though some can go even higher depending on the risk profile of the loan. The specific rate charged by AlphaFunding.com would likely fall within this range, potentially on the lower end for highly experienced borrowers and strong projects, and higher for less experienced ones or riskier deals.
  • Calculation: Interest is often calculated on the outstanding balance, and payments might be interest-only for the duration of the loan, with the principal due in a balloon payment at the end.
• Origination Fees Points: These are upfront fees charged by the lender for processing and underwriting the loan.
  • Range: Common origination fees for hard money loans are between 1% to 5% of the total loan amount. For example, a 3% origination fee on a $500,000 loan would be $15,000.
  • Purpose: These fees compensate the lender for their services and immediate liquidity.
• Underwriting Fees: A fee charged for evaluating the loan application and the property.
• Processing Fees: Fees for administrative tasks related to loan processing.
• Document Preparation Fees: Costs associated with drafting legal loan documents.
• Appraisal and Inspection Fees: Borrowers are typically responsible for the cost of property appraisals and any required inspections e.g., environmental, structural. These are paid directly to third-party providers.
• Title and Escrow Fees: Costs associated with ensuring clear property title and managing the closing process.
• Legal Fees: If attorneys are involved in drafting or reviewing loan documents, their fees will be passed on to the borrower.
• Draw Fees for construction loans: For new construction or significant renovation projects, lenders often charge a fee each time funds are disbursed a “draw”.

How to Get a Quote from AlphaFunding.com

To get a precise understanding of AlphaFunding.com’s pricing, an interested party would need to:

1. Submit an Application: The website features an “Apply Now!” button, which is the gateway to initiating a dialogue and submitting project details.
2. Provide Project Details: Lenders will require comprehensive information about the property, the project scope e.g., renovation plans, construction blueprints, the borrower’s experience, and their financial projections.
3. Receive a Loan Proposal: Based on the submitted information, AlphaFunding.com would provide a loan proposal outlining the proposed interest rate, points, term, and other associated fees.

For anyone considering AlphaFunding.com, it is crucial to thoroughly review all terms and conditions, including every fee, before committing to any agreement. For Muslim investors, however, the fundamental issue of interest riba remains, making these loans impermissible regardless of how favorable the specific rates or fees might seem.

AlphaFunding.com vs. Traditional Banks: A Comparative Analysis

When investors seek real estate financing, they often weigh options between hard money lenders like AlphaFunding.com and traditional banks.

While both provide capital, their operational models, approval criteria, and cost structures differ significantly. 99mining.cloud Reviews

For a Muslim investor, the core distinction lies in the permissibility of the financial instrument itself.

Key Differences

1. Speed of Funding:

• AlphaFunding.com Hard Money: Significantly faster. Loan approvals and closings can happen in a matter of days to a few weeks e.g., 7-14 days. This speed is critical for time-sensitive deals, like properties acquired at auction or those requiring immediate capital for renovations.
• Traditional Banks: Much slower. The process can take anywhere from 30 days to several months due to extensive underwriting, committee approvals, and regulatory requirements.

2. Approval Criteria:

• AlphaFunding.com Hard Money: Primarily asset-based lending. The focus is on the property’s value, its potential profitability After Repair Value – ARV, and the viability of the project. Borrower credit scores or income history are less critical.
• Traditional Banks: Borrower-centric. Emphasis is placed on the borrower’s credit score e.g., typically requiring FICO scores above 680-720, debt-to-income ratio, employment history, and financial reserves. The property also undergoes rigorous appraisal.

3. Cost of Capital:

• AlphaFunding.com Hard Money: Higher. Interest rates typically range from 8% to 18% or more, coupled with significant origination fees points of 1% to 5%.
• Traditional Banks: Lower. Conventional mortgage rates are generally much lower, often in the 3% to 7% range for commercial loans, with lower origination fees typically 0% to 1%.

4. Loan Terms:

• AlphaFunding.com Hard Money: Shorter terms. Loans are typically 6 months to 2 years, often with interest-only payments and a balloon payment at the end. Designed for short-term projects.
• Traditional Banks: Longer terms. Loans can range from 5 to 30 years, often with fully amortizing payments, leading to lower monthly installments. Suitable for long-term investments.

5. Flexibility:

• AlphaFunding.com Hard Money: More flexible. Lenders can often tailor terms to unique project requirements and are more willing to lend on unconventional properties or to borrowers with less-than-perfect credit.
• Traditional Banks: Less flexible. Highly standardized products, rigid underwriting guidelines, and strict regulatory compliance.

6. Regulation:

• AlphaFunding.com Hard Money: Less regulated than traditional banks, particularly for commercial or investment properties. This allows for faster processes but also means less consumer protection.
• Traditional Banks: Highly regulated by federal and state banking authorities, ensuring stricter compliance and consumer safeguards.

The Islamic Perspective on Comparison

For Muslim investors, this comparison fundamentally revolves around the prohibition of riba interest.

• AlphaFunding.com and Traditional Banks: Both, in their conventional offerings, operate on an interest-based model. Therefore, from an Islamic perspective, both are impermissible as primary financing options.
• The Nuance: While both involve interest, hard money lenders often present even higher rates and more punitive fees than traditional banks, amplifying the financial burden and the transgression against Islamic principles.
• The Solution: The alternatives discussed previously Murabaha, Musharakah, Ijarah, Istisna are the only permissible paths for a Muslim investor, whether seeking short-term project financing or long-term rental property acquisition. These models specifically avoid the payment or receipt of interest, adhering to the Sharia.

Therefore, while a traditional investor might weigh the pros and cons of speed vs. cost, a Muslim investor must entirely shift their focus to Sharia-compliant financial institutions and models.

How to Navigate if Already Involved with AlphaFunding.com or Similar Conventional Lender

For those who may have inadvertently entered into interest-based agreements with lenders like AlphaFunding.com, or are considering how to extricate themselves, the path forward requires a clear understanding of the situation and a commitment to seeking permissible alternatives. Restaurantvadestedet.dk Reviews

Assessing Your Current Situation

1. Review Loan Documents Thoroughly: Understand all the terms, conditions, interest rates, fees, prepayment penalties, and maturity dates. Knowing the exact financial obligations is the first step.
2. Calculate Total Cost of Riba: Determine the total interest paid and remaining. This helps in understanding the scale of the financial burden.
3. Identify Exit Strategy Options:
   • Refinance: Can the loan be refinanced with a Sharia-compliant institution? This might involve converting an interest-based loan into a Murabaha or Diminishing Musharakah structure.
   • Sale of Asset: If the project is complete or nearing completion, selling the property might be the quickest way to pay off the loan and exit the interest-bearing contract.
   • Accelerated Payments: If financially feasible, making extra payments towards the principal can reduce the total interest accrued over the loan term, though the contract itself remains interest-based.

Steps to Mitigate and Transition to Halal Financing

1. Prioritize Debt Repayment: If you are currently in an interest-based loan, make paying it off a high priority. The faster the principal is repaid, the less interest accrues.
2. Seek Sharia-Compliant Refinancing:
   • Research Islamic Banks/Financial Institutions: Look for reputable institutions that offer real estate financing products like Murabaha, Musharakah, or Ijarah. Examples include Guidance Residential, American Finance House LARIBA, or specific Islamic finance divisions within larger banks.
   • Consult with Experts: Engage with qualified Islamic financial advisors or scholars to ensure the proposed refinancing solution is truly Sharia-compliant and to understand the specific contracts involved.
   • Compare Offers: Just as with conventional financing, compare offers from different Islamic institutions to find the most suitable and ethical terms.
3. Avoid Future Interest-Based Transactions:
   • Educate Yourself: Deepen your understanding of Islamic finance principles to recognize impermissible transactions.
   • Build Capital: Prioritize saving and accumulating capital to reduce reliance on external financing, or to have a larger down payment for Sharia-compliant options.
   • Explore Equity Partnerships: For future projects, consider forming equity partnerships Musharakah where profits and losses are shared, avoiding debt altogether.
4. Charity Sadaqah: While not absolving one from past impermissible earnings, some scholars advise giving to charity any portion of the profits that directly corresponds to the interest paid, with the sincere intention of repentance and purification of wealth. This is a personal spiritual decision.

The most crucial step is a firm intention to avoid riba in all future financial dealings. It’s a journey of continuous learning and aligning one’s financial practices with Islamic teachings, seeking purification and blessings in one’s wealth.

AlphaFunding.com Resources and Support

AlphaFunding.com provides various resources and avenues for support, aimed at assisting both borrowers and brokers.

These resources, while standard for a lending platform, are designed to streamline communication and provide necessary information.

Borrower Resources

• Apply Now!: The primary call to action for potential borrowers to initiate the loan application process. This likely leads to an online application form or a contact request form.
• Returning Borrowers: A specific section indicating that Alpha Funding values repeat business and likely offers a simplified process for existing clients. This might include a dedicated portal or streamlined re-application.
• Draw Request: Crucial for construction and renovation loans, this resource would guide borrowers on how to request funds as project milestones are met.
• Proof of Funds: This likely provides a mechanism for borrowers to quickly obtain documentation confirming their pre-approval or available funds, which is often required when making offers on properties.

Broker Resources

• Become A Broker: A dedicated section for individuals or companies interested in partnering with Alpha Funding to originate loans. This suggests a strong network of referral partners.
• Broker Login: A portal for registered brokers to manage their leads, submit applications, and track loan statuses.

General Information & Communication

• Contact Us: Provides essential contact information, including a phone number 908 900-4894 and email [email protected], facilitating direct communication.
• Blog: A news and article section that likely covers market insights, lending tips, and company updates. This serves as a knowledge base and a way to engage with their audience.
• Client Reviews: While the specific content isn’t detailed, a section for reviews aims to build trust and social proof, showcasing positive borrower experiences.
• Social Media Presence: Links to Instagram, Facebook, LinkedIn, X Twitter, and YouTube indicate an active online presence for updates, engagement, and showcasing their brand. “The Mike & Matt Show” podcast/video series further suggests an effort to connect with their audience in a more informal, educational manner.
• Physical Address: The presence of a physical address 218 Broad Street, Red Bank, NJ 07701 provides a tangible location for the family-owned business, enhancing credibility.

While these resources are designed to facilitate lending, it’s important to reiterate that for Muslim investors, the primary concern should remain the permissibility of the financial products themselves. Any interaction with AlphaFunding.com’s resources should be understood within the context of their interest-based lending model, which is to be avoided for Sharia-compliant investment.

Understanding How to Cancel an Application or Relationship with AlphaFunding.com

If an individual has initiated an application or is considering ending a relationship with AlphaFunding.com, the process would generally follow standard business practices for financial institutions.

While the website doesn’t offer a direct “cancel” button, understanding common procedures for such financial engagements is key.

Before Loan Closing Application Stage

If you have submitted an application but the loan has not yet closed i.e., funds have not been disbursed, and documents have not been fully executed, cancellation is generally straightforward.

1. Contact Immediately: The fastest way to cancel an application is to call AlphaFunding.com directly at their provided phone number: 908 900-4894. Clearly state your intention to withdraw your application.
2. Follow Up in Writing: Send a formal email to [email protected] confirming your verbal cancellation. Include your full name, application number if any, and the property address. This creates a paper trail.
3. Confirm Withdrawal: Request a written confirmation from AlphaFunding.com that your application has been withdrawn and no further action will be taken.

• Potential Costs: Be aware that some lenders might charge for appraisal fees or other third-party services already incurred, even if the loan doesn’t close. Review any initial agreements or disclosures you signed.

After Loan Closing Active Loan

Canceling an active loan is typically not possible, as it represents a binding contract.

Instead, you would be looking at options to “pay off” or “refinance” the loan.

1. Review Loan Agreement: Crucially, examine your signed loan documents for clauses related to:
   • Prepayment Penalties: Hard money loans often include prepayment penalties, which means you might incur a fee for paying off the loan before a certain period or before its maturity date. This is designed to compensate the lender for lost interest.
   • Maturity Date: The date when the entire loan principal is due.
   • Balloon Payments: Many hard money loans have a large final payment of the principal at the end of the term.
2. Contact Loan Servicing: Communicate with AlphaFunding.com’s loan servicing department if separate from the initial contact to obtain a payoff statement. This statement will detail the exact amount required to fully satisfy the loan, including principal, accrued interest, and any applicable fees or penalties.
3. Explore Refinancing: As discussed under “Ethical and Halal Alternatives,” your best path to cease paying interest would be to refinance the loan with a Sharia-compliant institution or to sell the property.
4. Legal Consultation if needed: If the loan terms are complex or unfavorable, consulting with a real estate attorney could be beneficial to understand your rights and obligations.

For Muslim individuals, the objective of “canceling” or exiting an interest-based loan isn’t merely a business decision but a spiritual imperative. While the financial contract must be honored as per the law, the intention should be to transition to permissible financing as quickly and completely as possible, seeking Allah’s forgiveness and guidance in the process. Dropzapp.com Reviews

Frequently Asked Questions 20 Real Questions + Full Answers

What is AlphaFunding.com?

AlphaFunding.com is a hard money lender specializing in real estate financing for investors across the U.S.

They provide capital for various real estate projects, including fix & flip, new construction, rental properties, and cash-out refinances.

How long has AlphaFunding.com been in business?

AlphaFunding.com has been funding real estate transactions since 2007, making them a long-standing presence in the hard money lending industry.

What types of loans does AlphaFunding.com offer?

AlphaFunding.com offers several loan programs: Fix & Flip, New Construction, Rental DSCR Debt Service Coverage Ratio, and Cash-Out Refinance loans.

What is a “hard money loan” as offered by AlphaFunding.com?

A hard money loan is a short-term, asset-based loan primarily secured by real estate.

Unlike traditional bank loans, approval is based more on the property’s value and project viability than the borrower’s credit score or income.

Is AlphaFunding.com a direct lender?

Yes, based on their website, AlphaFunding.com appears to be a direct lender, as they mention funding “thousands of real estate transactions” and having their own team handling loan processes.

What is “The Alpha Way” mentioned on their website?

“The Alpha Way” describes AlphaFunding.com’s operational philosophy, which emphasizes valuing “relationships over transactions,” excellent communication, and a long-term commitment to their borrowers and partners.

Does AlphaFunding.com offer residential or commercial loans?

AlphaFunding.com focuses on loans for real estate investors, which typically involves investment properties, both residential e.g., single-family fix & flips, rental homes and potentially smaller commercial investment properties.

Their website highlights “real estate investors” as their target. Conciergegroup.org Reviews

What states does AlphaFunding.com lend in?

AlphaFunding.com states they have funded “over $1B in loans all across the U.S.,” indicating a nationwide lending presence.

Specific state licenses or restrictions would need to be confirmed through direct inquiry or their terms and conditions.

What are the typical interest rates for AlphaFunding.com loans?

AlphaFunding.com’s website does not explicitly list specific interest rates.

However, hard money loan rates generally range from 8% to 18% APR or higher, depending on the project, borrower experience, and market conditions.

You would need to apply for a quote to get specific rates.

Are there any upfront fees with AlphaFunding.com loans?

Yes, it is standard for hard money lenders like AlphaFunding.com to charge origination fees often called “points”, which typically range from 1% to 5% of the loan amount, paid upfront at closing.

Other fees for processing, underwriting, and third-party services may also apply.

How fast can AlphaFunding.com close a loan?

Hard money lenders are known for speed.

While not specified on their site, hard money loans can typically close in as little as 7-14 days, much faster than traditional bank financing.

Does AlphaFunding.com require a high credit score?

No, hard money lenders typically place less emphasis on a borrower’s credit score compared to traditional banks. Pausestudio.dk Reviews

Their focus is more on the property’s value and the project’s profitability, although a good credit history can still be beneficial.

Can I get a loan from AlphaFunding.com for owner-occupied properties?

No, hard money lenders like AlphaFunding.com typically do not lend on owner-occupied primary residences due to stricter regulations.

Their loans are primarily for investment properties and business purposes.

What is the minimum loan amount for AlphaFunding.com?

The website does not specify a minimum loan amount.

You would need to contact them directly or submit an inquiry to learn about their minimum and maximum loan thresholds.

Does AlphaFunding.com offer a free trial for its services?

No, AlphaFunding.com is a lending institution, not a service with a “free trial.” You apply for a loan, and if approved, you enter into a loan agreement. There are no trial periods for loans themselves.

How do I cancel an application with AlphaFunding.com?

To cancel an application before loan closing, you should immediately call AlphaFunding.com at 908 900-4894 and follow up with a written email to [email protected] to confirm your withdrawal.

How do I cancel an active loan with AlphaFunding.com?

You cannot “cancel” an active loan. it is a binding contract.

You would need to pay off the loan in full, either through project completion and sale, or by refinancing with another lender.

Be sure to review your loan documents for any prepayment penalties. Tommyshutter.com Reviews

What are the resources available for borrowers on AlphaFunding.com?

Borrower resources include an “Apply Now!” section, information for “Returning Borrowers,” and details on “Draw Request” procedures and obtaining “Proof of Funds.”

Does AlphaFunding.com work with mortgage brokers?

Yes, AlphaFunding.com has a “Become A Broker” section and “Broker Login,” indicating that they actively work with mortgage brokers as referral partners.

Where is AlphaFunding.com located?

AlphaFunding.com’s office is located at 218 Broad Street, Red Bank, NJ 07701.