Based on 3 reviews
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The service appears well-suited for investors looking to scale beyond conventional loan limits. The ability to underwrite based on property numbers rather than personal income is a distinct advantage. The clear segmentation of markets into quadrants demonstrates a structured approach to lending across Southwest Florida, providing confidence that local nuances are considered in their underwriting process.
The site clearly targets SWFL investors with local experience, though specific loan terms remain somewhat vague upon initial review of the available data.
The Cash Flow Qualifier program advertises a minimum coverage ratio of 0.75 plus, yet the text notes this varies by loan-to-value. For an investor relying on rental income rather than personal tax returns, understanding exactly how these variables interact is critical. The lack of explicit details on how the 0.75 threshold shifts with higher LTVs creates uncertainty. From the information available, it is unclear whether a ratio just above the minimum guarantees approval or if other unstated factors weigh heavily against qualification.
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ALX Funding provides Cash Flow Qualifier loans for real estate investors in Southwest Florida, including Fort Myers, Cape Coral, Naples, and Bonita Springs. The loans are designed for buy-and-hold rental property investors and qualify borrowers based on the subject property's rental income rather than tax returns, employment verification, or personal income documentation. Features mentioned include coverage ratios starting at 0.75, up to 80% loan-to-value, the ability to close in an LLC, and typical closing times of 10 to 15 days. The company cites over 50 years of real estate and rental property experience in Lee County.