Alpha Investment (ALPC) is a commercial real estate lending company that intends to originate loans secured by commercial real estate, targeting borrowers — developers, property owners, and investors — who cannot access traditional bank financing. Loan types include first mortgage loans, mezzanine financing, preferred equity, and other CRE debt, across property types such as office, retail, industrial, multi-family, and hospitality. Alpha Investment's business model is to borrow capital at a lower cost than the interest rates it charges on loans, keeping the spread as profit. The company plans to source deals through third-party mortgage brokers and a network of commercial real estate mortgage bankers, use third-party servicers to administer loans, and hold loans on its balance sheet rather than securitizing them. Alpha Investment was originally incorporated in Delaware in 2013 as Gogo Baby, a toy company, before pivoting to CRE lending in 2017. In 2019, the company formed a joint venture SPV with Alameda Partners, which contributed $1M for a 10% equity stake. Critically, as of the most recent filing, Alpha Investment has completed no loans, has no committed capital source, and has no employees beyond its executive officers — making it effectively a pre-revenue startup with an articulated strategy but no material operating history.