Alpha Borrower Charles Ferri, the creator of Star Vodka, and Alpha President, David Hansel were featured in the Kingston Times for Ferri’s fix & hold project. Ferri is converting a 19th century building into a destination boutique distillery where he will be producing gin and whiskey from the waters of Esopus, NY. Ferri is known for running night clubs in the Hamptons which strengthened his business plans to borrow funds from Alpha Funding Solutions.
In the article Ferri stated that he was able to get a loan with Alpha in under two weeks in the amount of $487,500; which allowed him to start his project a lot sooner than if he were to receive funding through traditional sources. ” Key to getting that together, said Ferri, was the Lakehurst, N.J.-based real-estate funding company Alpha Funding Solutions. “They really stepped up,” said Ferri. “They moved quickly — there were two other offers behind us.””
President David Hansel believes that with Ferri’s already thriving vodka brand, in combination with his night club background and project’s closeness to NYC, Ferri’s future distillery business is already destined as nothing short of a great success.
FULL ARTICLE: Click Here