Our loans fill a financing need for properties or owners that do not qualify for traditional loans, with terms and rates that are more favorable than those from typical private lenders.
Phoenix, AZ (PRWEB) April 12, 2016
American Life Financial today announced the release of the Not So Hard Money™ Platinum loan product, designed for owners or investors of commercial and residential income producing properties. With a higher per loan limit of $8 million, American Life Financial’s Platinum loan offers flexible underwriting for non-conforming loans with rates starting at 7.99%.
Byron Allen, President, stated, “Due to the frequent requests for higher loan limits we are excited to now be able to provide the benefits of our Not So Hard Money™ loan program for higher value properties within our lending areas. Our loans fill a financing need for properties or owners that do not qualify for traditional loans, with terms and rates that are more favorable than those from typical private lenders.”
Asset Based Lending
Traditional financing is primarily credit driven. At American Life Financial both the Gold and Platinum Not So Hard Money™ loan products are available for commercial and residential investment borrowers and are underwritten based primarily on the value of the asset. With loans available in 6 states ranging from $250,000 to $8 million, American Life Financial is changing the way investors borrow money.
About American Life Financial
American Life Financial is the lending arm of American Savings Life Insurance Company, a 62-year-old Phoenix, AZ based life insurance and annuity carrier. With lending operations in the southwest states of Arizona, Colorado, Nevada, New Mexico, Texas and Utah, American Life Financial is a commercial lending leader in the private money industry. For more information visit: http://www.NotSoHardMoney.com.