60Fred Assini, the Chief Executive Officer of Alpha Tech Lending, celebrated his 37th anniversary in the real estate industry in 2024. Since taking the helm in 2019, he has led the firm to prominence as a nationwide private asset-based lender that simplifies the process for real estate investors, brokers, and referral partners to secure direct capital. Established 2007 in the Northeast United States, Alpha Tech Lending has grown substantially under his leadership, with headquarters now in New York and Boca Raton, Florida.
Fred and his team have diligently worked to expand Alpha Tech Lending, driven by a strategic vision and a deep understanding of the complexities of the lending process. They focus on ensuring the success of each project by providing timely feedback, appropriate loan solutions, transparent terms, and robust support.
The company offers various loan programs, including Fix & Flip, New Construction, DSCR 1-4, DSCR 5+, Bridge Loans, and Tru No Doc Loans. Fix & Flip loans enable investors to buy and renovate properties profitably. At the same time, New Construction Loans are designed for real estate professionals looking to finance new building projects from the ground up.
Alpha Tech Lending is also a specialist in DSCR (Debt Service Coverage Ratio) Loans, targeting investments in properties based on the expected rental property income. This encompasses many properties, from residential to mixed-use and commercial spaces. Additionally, the company provides financing options for commercial spaces such as offices, retail units, warehouses, self-storage facilities, and automotive properties.
Their Bridge Loan program offers short-term solutions for clients transitioning to permanent financing. Meanwhile, the Tru No Doc Loan program is tailored for situations where the loan qualification depends solely on the asset's value without regard to the borrower's credit score or financial history.
Furthermore, Fred Assini has cultivated the Alpha Tech Lending Registered Broker Partner Program, which aids mortgage brokers and consultants in expanding their businesses through access to various financing options. This program is known for its competitive compensation and comprehensive partner protection.
Before his current role, he founded First Rehab Lending in 2012, where Fred provided short-term commercial loans for residential real estate investment. This venture was recognized for its quick processing and commitment to fostering long-term client relationships.
At the young age of 27, Assini also launched Franklin First Financial, which he grew to a licensed operation in 40 states by December 2018, earning recognition as one of the nation's top mortgage lenders. His strategic marketing and customer-focused service were pivotal in achieving over $10 billion in loan origination.
Beyond his executive roles, Assini's hands-on management of a general contractor company has afforded him valuable insights into client needs, enhancing his expertise in the real estate lending field. Over the years, he has also completed nearly a hundred fix-and-flip projects and has been an active member in numerous industry-related organizations, garnering several awards.
Fred Assini is a dedicated sponsor of many local and national charity events. Originally from Brooklyn, New York, he earned his finance degree from Saint John's University and swiftly moved into private lending. When not working, he enjoys time with his family, golfing, traveling, and maintaining his health and wellness.