Southeast Private Lending

About Southeast Private Lending

Southeast Private Lending is private lender headquartered in Atlanta, GA. They provide loans throughout Georgia. They provide lending solutions for a variety of scenarios, including construction loans, rental property loans, private refinancing, short term loans, fix-and-flip loans, and commercial hard money loans. Their lending parameters are versatile, including rates ranging between 11% and 16% and loan amounts ranging from $50,000 to $100,000,000 with a maximum LTV of 65%. They are able to lend money to all borrowers based on the value of the property and not on a minimum credit rating. They offer loans on all the following types of properties: single family units, multi-family units, apartments, raw land, office buildings, retail storefronts, and industrial facilities.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

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

Areas Served: GA

Lending Guidelines for Southeast Private Lending

Below are the general loan guidelines published on the Southeast Private Lending 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 Southeast Private Lending.

Loan Example 1

Shane finds a house in Atlanta, GA to remodel and sell. Since he does not have enough cash on-hand to buy the $220,000 property outright, he takes out a hard money loan from Southeast Private Lending. The borrower will be required to fund 45% of the sales price in cash to the closing based on a 55% loan to value stipulated by the lending company. This makes the principle note from Southeast Private Lending $121,000. The deal also includes these features: 1) a 6 month length, 2) a 13% interest only note, and 3) a three percent origination charge.

In addition to paying the $3,630 origination fee, Shane will also have to fund $99,000 of the purchase with his own money, or 45% of the sales price. Southeast Private Lending will collect $1,311 in monthly interest from the Shane. This is calculated by taking the total loan value of $121,000, multiplying that by the 13% rate of interest, and then dividing that number by 12. Shane's plan is to complete the rehab within the 6 months and sell it for $264,000. If he succeeds he will make a total profit of $32,505 ($264,000 price - $121,000 principle amount - $99,000 funds brough to closing - $3,630 origination fee - $7,865 in total interest payments.

Loan Example 2

Rick is a real estate investor in Atlanta, GA. He buys an older house for a remodeling project and takes out a hard money loan from Southeast Private Lending with the following paramters:

$230,000 purchase price
60% loan-to-value (LTV)
12 month term
10% rate of interest
5% origination fee

After the renovation project is complete, if Rick sells the property for $287,500, the final numbers would be as follows:

$287,500 sales price
- $138,000 principle on note (60% LTV)
- $92,000 cash paid at closing (40% on 60% LTV)
- $6,900 origination points (5% of the $138,000 principle amount)
- $13,800 interest payments (12 months x 10% interest)
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= $36,800 total profit (does not include taxes or renovation costs)

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