16A — June 12 - 25, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
C reative F inancing
By David Hansel, Alpha Funding Solutions The softer side of Hard Money
A
This is where HardMoney and Bridge Financings comes into play as an important role in the industry. Our experience in finance and real estate gives borrowers the ability to obtain creative and flexible financing terms providing borrowers maximum leverage and quick access to capital. There are many elements to be considered when looking at a loan scenario, but the 3 most critical items that come into play are the asset value, sponsor, and exit strategy. We want to make sure that the collateral is strong and our
auction purchases, note ac- quisition and joint ventures. Alpha was recently named a Top Hard Money Lender by Volume in the Scotsman Guide for the June 2015 issue. Our loans have enabled Investors to capitalize on opportunities in the real estate market that are not fundable through tra- ditional sources. To understand the impor- tance of Hard Money and bridge loans, one needs to understand that success in Real Estate comes from the ability to identify an oppor- tunity and act on it quickly.
borrower has the ability to handle the project and debt. We also want to make sure that there is a promising exit strategy for each deal. This can be accomplished through a refinance or a sale. If we do not want to lend on a particular project, it is because several of the key factors are not strong enough to move forward with the deal. As a lender, we feel that educating our clients is a duty and a part of providing our premium service. As a Bridge Lender, we are not just here to fund the tradi- tional Fix & Flip or Fix &Hold
projects, we are also experi- enced in refinancing and debt restructuring. If an investor had some issues in the past, but good asset value to their properties, we are equipped to get them in a better place. For our Joint Venture project, we will be interested in coming in as a sponsor and capital source for the right deal. Hard Money or bridge Lend- ers fill the void for short-term and/or investor-friendly fi- nancing. It can be used to grow an investment business or simply to refinancing some- one’s assets. Having a close relationship with a capital source such as Alpha is a in- tegral part of any real estate investor, builder or developers team. David Hansel is presi- dent of Alpha Funding Solutions. n Mel Myrie joins Colliers as Eastern Region Finance & Operations Mgr. NEW YORK, NY — Col- liers International has fur- ther expanded its Eastern ber of the finance team focus- ing on the entire Eastern Re- gion, Myrie will be responsible for operational coordination and financial planning and analysis support, working closely with Eastern Region president Joseph Harbert , chief financial officer USA, Lynn Cook , and the U.S. leadership team. Myrie will lead the effort to drive an efficient and comprehensive process for developing finan- cial plans, manage the region’s financial planning process, and provide modeling and analysis. Myrie joins Colliers with more than 15 years of experi- ence, most recently as associ- ate director of capital markets at Marcus & Millichap. He previously spent 11 years at Jones Lang LaSalle, where as senior vice president he served as head of finance for the northeast region. n Mel Myrie Region plat- formwith the addition of Mel Myrie as the firm’s R e g i o n a l Finance & Operations Manager. As a mem-
lpha Funding Solu- tions was initially founded in 2007 to
m e e t t h e f i n a n c i n g needs of real estate inves- tors doing Fix & Flip proj- ects and has since become an industry leader in this
David Hansel
space. Since then, Alpha has developed many other loan products including ground- up construction, commercial bridge, debt restructuring,
HARD MONEY | BRIDGE LENDER
FAST, FLEXIBLE & RELIABLE ACCESS TO SHORT TERM CAPITAL
All Asset Classes Considered
Fix & Flip Fix & Hold Ground-Up
Commercial
Acquisition & Development
Bridge Note Acquisition Joint Ventures
Construction Debt Restructuring Construction Finance Auction Purchase
Loan sizes ranging from $100,000 to $10,000,000 in NJ, NY, PA & CT.
Tell us the story of your deal Brokers always protected
Alpha Funding Solutions, LLC | 29 Union Ave. Lakehurst, NJ 08733 P. 732-657-20114 | F. 732-534-5899 | Info@alphafunding.com www.alphafunding.com
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