Georgia Hard Money Loans

About Georgia Hard Money Loans

Based in Atlanta, GA, Georgia Hard Money Loans is a private money lender offering loans throughout Georgia. They offer loans for many different situations and needs, including fix and flip loans and hard money loans for commercial properties. Their lending guidelines are flexible, including loan amounts ranging from $20,000 to $5,000,000 with a maximum LTV of 65%, rates starting at 15% , and terms up to 6 months. They offer loans on all the following types of properties: single family, multi-family units, apartments, raw land, offices, retail storefronts, and industrial buildings.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Land, Office, Retail, Industrial

Areas Served: GA

Lending Guidelines for Georgia Hard Money Loans

Below are the general loan guidelines published on the Georgia Hard Money Loans website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Georgia Hard Money Loans.

Loan Example 1

Georgia Hard Money Loans makes a private money loan to Lee for a renovation project in Atlanta, GA, on a property that costs $150,000. The lender agrees to make a loan with a 75% loan-to-value (LTV) so they will extend $112,500 on the house. The note is interest only, paid monthly, and is for 18 months at 9% interest with 2 origination points paid when the deal closes.

By the terms of the note, Lee will be required to pay a $2,250 origination fee in addition to 25% of the purchase price, or $37,500, since there is a 75% LTV. The monthly interest only payments will then be $844 to the lender. Lee's plan is to finish the rehab by the end of the 18 months and re-sell it for $225,000. If he succeeds he will earn a gross profit of $57,563 ($225,000 sales price - $112,500 principle - $37,500 funds brough to closing - $2,250 origination fee - $15,188 in total interest.

Loan Example 2

Georgia Hard Money Loans makes a loan to Frederick for a remodeling project in Atlanta, GA. The deal dictates the following:

$330,000 purchase price
55% loan to value (LTV)
6 month term
14% interest rate
5% origination fee

Assuming a $495,000 sales price after the 6 month term, the numbers for the project would look like this:

$495,000 sales price
- $181,500 principle (55% LTV)
- $148,500 cash paid at closing (45% on 55% LTV)
- $9,075 origination points (5% of the $181,500 principle)
- $12,705 total interest paid (6 months x 14% interest)
-----------------------
= $143,220 total profit (does not include taxes or rehab costs)

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