American Life Financial (ALF) is the lending arm of American Savings Life Insurance Company, which has been making Not So Hard MoneyTM loans in Arizona for over 50 years. Our Not So Hard MoneyTM loans fill a niche for investors who meet three criteria:
- The property owner or the property does not qualify for conforming bank financing;
- A loan for 50% of the property’s current market value (or recent purchase price) is sufficient; and
- The borrower doesn’t want to pay full hard money rates and fees and/or the borrower wants a longer term loan than typical hard money loans.
Our most popular loan term: 50% loan-to-value, 10.99% fixed interest rate with a 5 year call. There are 2.0 lender points and either a 5-year decreasing pre-pay penalty (PPP) or a 1.25% discount fee and NO PPP. We also offer 10-year or 15-year fixed rate loans. We lend on almost every type of commercial and investor-owned residential properties throughout Arizona. We even loan on vacant land (25% loan-to-value).
Our Parent Company, American Savings Life
American Savings Life has been honoring committments since 1954 and specializes in affordable life insurance and annuities that pay above-market interest rates.