REAL ESTATE SECURED BRIDGE LENDING
Our vast knowledge of the real estate market coupled with our extensive experience in structuring and funding transactions makes us an industry leader in the private lending and bridge financing markets. Our team has collectively funded over $300,000,000 in short term real estate loans and has over 80 years combined experience in the industry. Alera's goal is to use our knowledge and experience to properly structure financing to meet the needs of our borrowers. We are a direct lender, not a broker. Our decisions are made in house by our executive team. Our general lending parameters are listed below.
Alera Management Group, LLC
Acceptable property types include:
Non owner occupied residential
Owner occupied and non owner occupied commercial
Land and land development
Residential and commercial construction or rehab
Loan-to-value up to 70% of current value or 70% of completed value on construction and rehab projects
Loan terms of 3-36 months
Loan amounts from $100,000 to $3,000,000
Lending in Oregon and Washington
Interest-only loans
No prepayment penalties
No credit minimums
Viable exit strategy from loan must be present