AFS becomes a Direct Commercial Real Estate Lender

AFS is a direct commercial lender who helps borrowers who are unable to qualify for bank financing due to being self-employed, have low credit scores, need to pay off tax liens, etc. A borrower who can’t qualify for a bank loan is the perfect AFS customer because we are more flexible. Though AFS rates are 3% or more above typical Bank rates, we are well below “hard money” rates. When a borrower needs a faster closing than what a bank can offer, AFS can close their loan within two to four weeks without the fees that a hard money lender will charge.

Loan Amounts: $25,000 to $1,000,000
Property types: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Funeral Homes, Beauty Shops, Motels/Hotels, Warehouse, Mobile Home Parks, Campgrounds, Churches, Self-Storage, Dry Cleaner (Drop off only), Recreational properties

LTV:                  Maximum LTV is 70%.

Credit Scores:  600 Minimum FICO Scores.

Closings:           Three to four weeks

Rates:                Fixed Rates ranging from 8.5% to 12%. Interest Only rates start at 12.00% and No prepay.

Points:               AFS charges 1 to 3 lender point on traditional loans for Closing, depending on size.

Fees:                   AFS charges a $300 application fee.

Prepay:               Declining 5%-4%-3%-2%-1% Prepay Penalty

States:                 AFS lends in 42 states except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and

West Virginia.

Ineligible Properties: Raw land, construction, or gas stations (although we will lend on auto repair/auto body shops)

 

 

 

Bob Alexander

Bob Alexander is President of Alexander Financial Solutions, LLC. He is an expert in obtaining Financing and Working Capital for Business Owners. AFS provides all Asset and Cash Flow Lending. Bob has global experience and proven Leadership skills in Risk Mitigation, Balance Sheet Management , Process Improvements, People Development, Infrastructure Builds and maximizing profitability.
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