Hard Money Georgia

About Hard Money Georgia

Based in Atlanta, GA, Hard Money Georgia is a private lender providing funding throughout Georgia. They provide loans for many different scenarios, including commercial hard money loans and fix and flip hard money loans. They offer terms between 1 year and 2 years. They provide loans on the following property types: single family homes, multi-family, apartments, office buildings, retail spaces, storage buildings, mixed use spaces, hotels/motels, warehouses, and industrial buildings.

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

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Storage, Mixed Use, Hotel, Warehouse, Industrial

Areas Served: GA

Lending Guidelines for Hard Money Georgia

Below are the general loan guidelines published on the Hard Money Georgia 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 Hard Money Georgia.

Loan Example 1

Kathryn takes a fix-and-flip loan from Hard Money Georgia in order to rehab a condo to resale in Atlanta, GA. The price of the property is $260,000. The borrower will have to bring 20% of the sales price in cash to the closing based on a 80% loan to value set by the lending company. This makes the loan principle from Hard Money Georgia $208,000. The terms of the deal dictate a 12% note for 18 months. They also require a 2 point origination fee, that will also be paid when the property closes.

By the parameters of the deal, Kathryn will need to pay a $4,160 origination fee in addition to 20% of the sales price, or $52,000, based on the 80% LTV. The lender will collect $2,080 in monthly interest payments from the Kathryn. This is computed by taking the total note amount of $208,000, multiplying that by the 12% rate of interest, and then dividing that number by 12. At the expiration of the loan, she sells the rehabed property for $351,000. After subtracting the $37,440 in total interest payments ($2,080 multiplied times 18 months), the $4,160 origination fee, the $208,000 principle amount on the loan, and the $52,000 she contributed to the closing, she will make a gross profit of $49,400 ($351,000 sales price minus $301,600 in total costs). This amount would then be reduced by any building costs paid out of pocket.

Loan Example 2

Johanna is a real estate investor in Atlanta, GA. She buys a run-down townhouse for a rehab project and obtains a hard money loan from Hard Money Georgia with the following terms:

a) A $170,000 sales price, b) a 80% loan-to-value (LTV), c) a 18 month term, d) a 11% interest rate, and e) a 2% origination fee.

Once the rehab project is complete, if Johanna sells the property for $212,500, the outcome would be the following:

$212,500 sales price
- $136,000 loan principle (80% LTV)
- $34,000 down payment (20% on 80% LTV)
- $2,720 origination points (2% of the $136,000 principle amount)
- $22,440 total interest paid (18 months x 11% interest)
-----------------------
= $17,340 total profit (doesn't include taxes or rehab costs)

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