10/23/2023
Welcome to CapiFunds – a trailblazing leader in the alternative finance space. We are thrilled to have this opportunity to introduce ourselves and share our passion, vision, and commitment to excellence.
We are a team of dynamic professionals, visionaries, and innovators united by a common purpose: to make a positive impact in the alternative lending space.
Our company was founded on the belief that by pushing boundaries, embracing creativity, and harnessing cutting-edge underwriting solutions, we can deliver exceptional solutions to our clients.
We measure our success not only by the solutions we deliver but also by the satisfaction of our clients. We take pride in building long-lasting relationships, understanding our client's unique needs, and going the extra mile to exceed their expectations.
Fred Austin is the senior underwriter at CapiFunds. My name is Fred. I've spent more than 11 years working in the financial industry. As a junior underwriter for Knight Capital Funding, I began my career. I would review hundreds of files each day while working at Knight, but one thing always jumped out to me as a serious problem. I would observe files borrowing $300,000 over five positions, resulting in five separate withdrawals from the borrower's account. I questioned why it couldn't have been paid in one lump sum since these businesses could clearly handle the $300,000 figure.
The main cause is the robotic underwriting algorithm used by most lenders. They ask for three months' worth of bank statements and input a bunch of data into a spreadsheet that generates an approval. We think that no two companies are alike.
We are firm believers in offering each business we work with a unique underwriting strategy. This strategy keeps our clients on a single payment schedule, meets their long-term demands, and fosters a lasting connection.
CapiFunds LLC operates out of two locations.
We have an office in Florida, located in the WeWork building at 200 S Biscayne Blvd.
We recently relocated our New York headquarters to the WeWork building on 315 W 36 ST 5th Floor.
Its safe to say we are a big fan of the WeWork community
We encourage our clients to come and visit us in person if they are within local proximity.
We would be more than happy to share any additional information on our entity and address any questions or concerns.
We look forward to doing business with you and establishing a long-term working relationship.
