Alpine Mortgage Services

About Alpine Mortgage Services

Alpine Mortgage Services is a hard money lender based in Rochelle Park, NJ offering loans in Connecticut, New York, and New Jersey. They provide loans for a variety of needs and situations, including commercial hard money loans, ground up construction loans, bridge loans, fix and flip loans, loans for investments properties, and private refinancing. Their lending parameters are versatile, including loan amounts ranging from $100,000 to $3,000,000 with a maximum LTV of 65% and terms between 2 years and 30 years. They make loans on numerous types of properties, including single family units, multi-family units, apartments, offices, retail storefronts, hotels/motels, storage buildings, senior housing communities, mixed use spaces, churches, and warehouse spaces.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Church, Warehouse

Areas Served: CT, NY, NJ

Licenses: NMLS #56905

Lending Guidelines for Alpine Mortgage Services

Below are the general loan guidelines published on the Alpine Mortgage Services website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Alpine Mortgage Services.

Loan Example 1

Albert closes on a $380,000 rehab project in Brooklyn, NY, using a fix-and-flip loan from Alpine Mortgage Services. The loan-to-value (LTV) on the note is 50%. This means Albert will need to bring 50% of the sales price to the closing and the principle will be $190,000 on the deal. The terms of the loan dictate a 11% note for 6 months. They also require a 2 point origination fee, that will also need to be paid when the property closes.

On top of the $3,800 origination fee, Albert will also need to fund $190,000 of the purchase with his own cash, or 50% of the sales price. Once the loan is executed and Albert takes over the project, he will have to begin making monthly payments of $1,742 to the lender ($190,000 principle x 11% / 12 months). Albert's plan is to complete the house within the 6 months and re-sell it for $513,000. If he succeeds he will make a profit of $118,750 ($513,000 price - $190,000 principle - $190,000 cash at closing - $3,800 origination fee - $10,450 in total interest payments.

Loan Example 2

Darryl takes out a hard money loan from Alpine Mortgage Services in order to renovate a townhouse to resell in Brooklyn, NY. The deal has the following parameters:

$380,000 purchase price
50% loan-to-value (LTV)
18 month term
13% interest rate
3% origination fee

Based on a $532,000 sales price at the end of the 18 month term, the outcome for the project would look like the following:

$532,000 sales price
- $190,000 principle (50% LTV)
- $190,000 down payment (50% on 50% LTV)
- $5,700 origination fee (3% of the $190,000 principle)
- $37,050 total interest paid (18 months x 13% interest)
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= $109,250 gross profit (does not include taxes or renovation costs)

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