Atlanta Direct Private Money Lenders offer to fund smaller loans of $75,000 and larger commercial loans up to an unlimited amount depending on the value of the property to be purchased. In most cases the amount is limited to 65 percent of the total value of the intended purchase. They service borrowers who need cash in a hurry to purchase commercial real estate, for example.
The loan money might be required to stave off a foreclosure, pay a legal judgment or help a business owner overcome a cash flow problem. In the state of Georgia they will provide the loan when other lenders will not do so. Using their extensive knowledge and experience they are able to evaluate and process the loan more rapidly.
Hard money lender will approve high interest loans to land developers, real estate investors and builders. The funds can be used for property acquisition and developing. These loans present a high risk to the lender and thus, have high rates of interest. The primary requirement from the borrowers point of view is the fast approval and disbursement.
The application process does not take an extensive period of time and there are no fees required prior to getting the loan approved. A closing can be completed in a short time. The schedule for repayment can be structured to suit the lender and the borrower.
Examples of some of these types of loans granted in and around Atlanta were for two and a half million dollars for a vacant building, $450,000 for an occupied retail building and $325,000 to refinance a medical building in Savannah. One lender has provided over thirty million dollars worth of loans for commercial transactions in the state of Georgia.
Loans of this type can be negotiated with realtors, real estate brokers, real estate investors and attorneys. Actually, they will negotiate with anyone needing fast funding to purchase real estate property. Any developer can repay on a schedule tailored to fit his needs. A borrower can get through the procedure more quickly than if he were dealing with another type of lender.
The Atlanta Direct Private Money Lenders will approve loans a bank will not. Of course, the interest rates are higher, but, the advantage of fast disbursement makes it acceptable. The real estate investor is able to negotiate the deal with the seller because the funding is intact. All terms are clearly explained and written in the contract giving both parties financial security. It is clearly understood what would happen if the borrower were unable to make the payments on time.
The loan money might be required to stave off a foreclosure, pay a legal judgment or help a business owner overcome a cash flow problem. In the state of Georgia they will provide the loan when other lenders will not do so. Using their extensive knowledge and experience they are able to evaluate and process the loan more rapidly.
Hard money lender will approve high interest loans to land developers, real estate investors and builders. The funds can be used for property acquisition and developing. These loans present a high risk to the lender and thus, have high rates of interest. The primary requirement from the borrowers point of view is the fast approval and disbursement.
The application process does not take an extensive period of time and there are no fees required prior to getting the loan approved. A closing can be completed in a short time. The schedule for repayment can be structured to suit the lender and the borrower.
Examples of some of these types of loans granted in and around Atlanta were for two and a half million dollars for a vacant building, $450,000 for an occupied retail building and $325,000 to refinance a medical building in Savannah. One lender has provided over thirty million dollars worth of loans for commercial transactions in the state of Georgia.
Loans of this type can be negotiated with realtors, real estate brokers, real estate investors and attorneys. Actually, they will negotiate with anyone needing fast funding to purchase real estate property. Any developer can repay on a schedule tailored to fit his needs. A borrower can get through the procedure more quickly than if he were dealing with another type of lender.
The Atlanta Direct Private Money Lenders will approve loans a bank will not. Of course, the interest rates are higher, but, the advantage of fast disbursement makes it acceptable. The real estate investor is able to negotiate the deal with the seller because the funding is intact. All terms are clearly explained and written in the contract giving both parties financial security. It is clearly understood what would happen if the borrower were unable to make the payments on time.
About the Author:
Tom G. Honeycutt is a full-time real estate entrepreneur in Atlanta, GA. Tom helps readers by providing practical and useful knowledge to better understand lending choices. If you are looking for Atlanta Private Lenders For Real Estate Home Loans, GeorgiaHe suggests you check out the website iFund International
No comments:
Post a Comment