Alternate Financing Information

Who is Alternate Financing? AF is a specialty brokerage/lender who focuses on all investment properties. • For Mortgage Bankers Alternate Financing is a bolt on business purpose division • For Realtors & retail clients A.F. is your go to team for loans that are out of one’s comfort zone. We liken ourselves to dry cleaners. “Everyone can iron, but not everyone wants to nor has the time or desire. Our quiver of options includes several funds and standard brokerage options to fulfill most loan scenarios. (We have done the research and legwork to find these outlets, learn their products and systems so you do not have to.) We start with a waterfall approach which allows us to vet loans through our direct relationships and if a solution is not found we then tap our external relationships to find a source of funds for unique scenarios. Our focus is on the (4- R’s) Reputation, Retention, Risk & Revenue o Reputation: Our partners have worked hard to build their firms and their reputation. A.F. works diligently with your team to provide a quality customer experience sharpened with years of experience in nontraditional loans. o Retention: Keep your hard-earned customers in house. When clients must shop elsewhere retention can be lost. o Risk: With our partners and funding mechanisms there is no put back risk unless fraud is committed o Revenue: Keep L.O.’s from trading away and keep revenue in-house. A few of our most popular products Short term – 12 months with no prepay • Bridge – Rural, SFR, 5-100 Units – these are 12 months loans with no prepay. • Fix & Filip – Most property types – we usually lend 85% of the purchase price and 70% of the after repaired value • Multifamily – 11-100 units – Long Term – DSCR based and LTV Max depends on the DSCR - SFR in LLC so we prepare investor docs (Investor can require complicated legal docs for LLC) - Multifamily 5-10 Units – we can do these at par or even get you LPC - Multifamily 11+ units – BPC & LPC