Loan Programs

Not So Hard Money™ Loan Programs

We provide mortgage loans with lower interest rates, higher LTVs, longer terms, and lower fees for properties that are difficult to finance. There is no minimum FICO credit score. We have flexible underwriting. We offer recourse and non-recourse loans. We offer Cash-Out Refinance. Our Not So Hard Money™ loan programs make hard money loans easier than ever. If the property, borrower, or situation is "unbankable", we are your solution.

Classic Bridge Loan Par Pricing Small Balance (<$500k)
TIER I Loans 7.99% 8.99% 9.49% 9.49%
TIER II Loans 8.99% 9.49% 9.99% 9.99%
Origination Points 2% 2% 0% 0%
Exit Fee 0% 1% 0% 0%
Loan Term 5 yr or 2 yr IO 2 yr IO 5 yr or 2 yr IO 5 yr or 2 yr IO
PPP 1 yr int + 2% None 1 yr int + 2% 1 yr int + 2%
Insp. & U/W Fee $2k - $2.5k $2k - $2.5k $2k - $2.5k $2k - $2.5k
Available Options
Non-Recourse +1/2% int rate +1/2% int rate +1/2% int rate +1/2% int rate
Buy Down 1/2% Orig Pt 3 yr PPP 1 yr int
+ 5%, 4%, 3%
N/A 3 yr PPP 1 yr int
+ 5%, 4%, 3%
3 yr PPP 1 yr int
+ 5%, 4%, 3%
Buy Down 1% Orig Pt +3/4% int rate
(w/ PPP)
N/A N/A N/A
Buy Down 1% Orig Pt +1.5% Exit Fee +1.5% Exit Fee N/A N/A

IO = Interest Only / PPP = Pre-Payment Penalty

This is not a commitment to lend. Some restrictions apply. ALF reserves the right to amend rates, terms and guidelines. All loans are made in compliance with federal, state and local laws.
Not So Hard MoneyTM is a registered trademark of American Savings Life Inusrance Company. All rights reserved. (AZ Mortgage banker BK-0909357 / NMLS:165950)
Rates and Terms are subject to change without notice. Please call to verify current rates and terms.