hard money lender georgia

#1 Most Trusted Hard Money Lender in Atlanta!

We are one of the best hard money lenders in Atlanta. As a truly direct hard money lender, we make decisions in hours and close loans in days. We offer up to 90% financing in our construction loan program with rates starting at 4.99%. We also offer 30-year fixed hard money loan programs with rates as low as 3.75%! To get started, click the get funded button and provide just a few quick pieces of information. I'll respond to you immediately.
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What is a hard money lender Atlanta?

A hard money loan for new construction provides the builder with funding to purchase a property. There is also a hold back of funds to cover the cost of construction. Typically a private lender will want to advance 60% or less against the purchase or value of the lot. Normally for new construction, lenders will fund 100% of the cost of construction. I always size my hard money loans to cover 100% of the construction costs. This helps when underwriting the value of the completed house, and gives the security of knowing the funds will always be available to complete the project. The construction funds are “held back” and funded as work is complete using a standard construction loan draw process. My hard money loan program does not charge interest on the construction hold back. I only charge interest on the outstanding balance. As a private lender I understand that time is money so I make sure my hard money loan draw process is fast. The process requires a 3rd party inspector to visit the property and issue a report with pictures showing work complete. My hard money loan program also requires a title update on each draw to make sure there a no liens on the property. Normally, I expect this whole process to take only 48hrs.
new construction loan
new construction lender

How do I get a hard money loan in Atlanta?

It’s easy to get a hard money loan for new construction! Unlike conventional real estate lenders, a private lender requires a lot less paperwork. Once you get the lot under agreement, you call me and provide me with a detailed construction budget, plans, and specs of finishes. As a first time borrower I’ll need to get to know you and how experienced you are in building houses, so I’ll ask you to provide me with a short bio/resume and examples of homes that you’ve built. My hard money loan program uses a stated income approach, so I’ll also ask for you to fill out a personal financial statement and a real estate owned schedule. As a private lender, we don’t need tax returns or require a lot on the borrower’s financial condition. At this point I now have the ability to complete my underwriting for loan approval, and within 48 hours I’ll be able to issue you a full commitment. First, I run a credit and criminal background check after the loan is approved. Then I only need a minimum credit of 625 to close a hard money loan. Finally, I have my construction inspector meet you at the site prior to closing to go through our construction advance process, the plans, and to make sure the budget is adequate. As a true hard money lender, I don’t need an appraisal to close a hard money loan.

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Pre-qualifying does not require you to provide sensitive personal information. No credit pull needed until the new construction loan is approved/committed by your private real estate lender!