Say Yes Realty

About Say Yes Realty

Say Yes Realty is a Cumming, GA based hard money lender. They offer funding in Atlanta. They provide fix-and-flip loans and buy and hold loans. They will consider varying lending scenarios but usually focus on single family units and multi family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Atlanta

Lending Guidelines for Say Yes Realty

Below are the general loan guidelines published on the Say Yes Realty 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 Say Yes Realty.

Loan Example 1

Carla closes on a $330,000 renovation project in Atlanta, GA, using a fix and flip loan from Say Yes Realty. As the lender agrees to a 85% loan-to-value, Carla will be required to put 15% down so the total amount of the loan will be $280,500. The interest rate on the loan is 14% for a term of 18 months and the company requires a three point origination fee at closing. The interest is to be paid on a monthly basis and the principle amount will be returned after the sale of the property.

Carla will have to bring $49,500 to the closing (15% on the 85% LTV), plus she will pay the $8,415 origination fee. The monthly interest only payments will then total $3,273 to the lender. Carla's intention is to complete the remodel within the 18 months and re-sell it for $495,000. If she succeeds she will earn a total profit of $97,680 ($495,000 sales price - $280,500 principle amount - $49,500 cash paid at closing - $8,415 origination fee - $58,905 in total interest paid.

Loan Example 2

Jacquelyn is a an investor in Atlanta, GA. She locates an older house for a renovation project and obtains a fix and flip loan from Say Yes Realty with the following terms:

$340,000 sales price
65% loan-to-value (LTV)
6 month term
9% interest rate
1% origination fee

Based on a $510,000 sales price at the end of the 6 month term, the numbers for this project would look like this:

$510,000 sales price
- $221,000 note principle (65% LTV)
- $119,000 cash paid at closing (35% on 65% LTV)
- $2,210 origination points (1% of the $221,000 principle amount)
- $9,945 total interest paid (6 months x 9% interest)
-----------------------
= $157,845 gross profit (does not include taxes or renovation costs)

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