Hard Money Loans in Georgia

We Offer The Highest LTV/Loan To Value in the Industry

Georgia Quick Real Estate Funding Services

Navigating the world of real estate investment can be complex.

Especially when it comes to securing the right financing for your projects.

Traditional bank loans often require income verification and lengthy approval processes. This can be a challenge for many investors and house flippers.

Enter Quick Real Estate Funding, a Georgia hard money lender.

We offer a range of loan options, including fix and flip loans, DSCR loans, and ground up construction loans. They provide quick funding without the need for traditional income verification.

In this guide, we’ll explore the benefits of using a hard money lender in Georgia for your real estate investments.

Understanding Georgia Hard Money Loans

Hard money loans are a type of asset-based loan.

They are primarily used for real estate investments.

Unlike traditional bank loans, hard money loans are secured by the value of the property being purchased, not the borrower’s creditworthiness. This makes them a popular choice for investors who may not qualify for traditional financing.

Here are some key features of hard money loans:

  • Quick approval and funding: Hard money loans can often be approved and funded in a matter of days, not months like traditional bank loans.
  • Flexible terms: Hard money lenders are often more willing to negotiate loan terms to fit the needs of the borrower.
  • No income verification: Hard money loans do not require traditional income verification, making them a good option for investors who cannot provide this.
  • Real Estate Expertise: This georgia hard money lender has a deep understanding of the real estate market, which can be beneficial for investors.

Understanding these features can help you decide if a hard money loan is the right choice for your real estate investment.

The Benefits of Using a Georgia Hard Money Lender

A georgia hard money lender offers several benefits to real estate investors and house flippers.

Firstly, they provide quick funding. This is crucial for investors who need to close deals quickly.

Secondly, they offer flexible terms. Unlike traditional banks, hard money lenders can tailor the loan terms to suit the specific needs of the project.

Thirdly, they require no income verification. This is a significant advantage for investors who cannot provide traditional proof of income.

Lastly, a georgia hard money lender has real estate expertise. They understand the nuances of the real estate market, which can be invaluable for investors.

In summary, using a Georgia hard money lender can provide investors with the speed, flexibility, and local knowledge they need to succeed in the real estate market.

Types of Loans Offered by Quick Real Estate Funding

Fix and Flip Loans

Fix and flip loans are a popular choice for house flippers. These loans are short-term, typically 12 months, and are designed to finance the purchase and renovation of a property.

The loan amount is usually based on the After Repair Value (ARV) of the property. This allows flippers to borrow enough to cover both the purchase price and the renovation costs.

In summary, fix and flip loans provide house flippers with the quick, flexible financing they need to turn a profit.

DSCR Loans

DSCR stands for Debt Service Coverage Ratio. This is a measure of the cash flow available to pay current debt obligations.

DSCR loans are beneficial for real estate investors because they focus on the income of the property, not the borrower. This makes them a good option for investors who cannot provide traditional proof of income.

The best part, DSCR loans provide investors with the flexibility to leverage the income potential of their properties.

Ground Up Construction Loans

Ground up construction loans are designed to finance new construction projects. These loans cover the cost of land acquisition and construction.

The loan amount is usually based on the projected value of the completed property. This allows developers to secure the necessary funding to complete their projects.

In conclusion, ground up construction loans provide developers with the capital they need to bring their visions to life.

Bridge Loans

Bridge loans are short-term loans designed to cover immediate expenses. Some real estate investors will use a bridge loan to purchase a property while they arrange long-term financing.

The loan amount is typically based on the value of the property. This allows investors to quickly secure the funding they need to close deals.

In short, bridge loans provide investors with the quick, flexible financing they need to bridge the gap between the purchase of a property and the arrangement of long-term financing.

No Income Verification: A Key Feature for Real Estate Investors

No income verification is a key feature of hard money loans. This is particularly helpful for investors who cannot provide traditional proof of income.

Hard money lenders focus on the value of the property, not the borrower’s income. This allows investors to secure the funding they need based on the potential of their projects.

Simply put, no income verification allows investors to use their real estate investments more freely without needing to meet traditional income standards.

How to Apply for a Hard Money Loan in Georgia

Applying for a hard money loan in Georgia is a straightforward process. The first step is to identify a reputable hard money lender.

Once you’ve identified a lender, you’ll need to provide information about the property and your investment plan. This includes the purchase price, renovation costs, and the expected after-repair value (ARV).

Here are the typical steps involved:

  1. Identify a hard money lender
  2. Provide details about the property and your investment plan
  3. Submit the application and wait for approval
  4. Close the deal and receive the funds

Remember, each lender may have different requirements and processes. It’s important to understand these before applying.

Choosing the Right Georgia Hard Money Lender

Choosing the right Georgia hard money lender is crucial for your investment success. You should consider factors such as the lender’s reputation, loan terms, and speed of funding.

Look for a lender with a strong track record and positive reviews from other investors. They should offer competitive interest rates and flexible loan terms that suit your project needs.

Lastly, consider the lender’s responsiveness and customer service. A good lender will be able to provide quick funding and be readily available to answer any questions or concerns you may have.

Fix and Flip

  • 12 Months interest only
  • Loan Amount $100k - $7M
  • 680 fico score or higher
  • Up to 85% of the purchase price + 100% of renovation cost (up to 65% ARV).
  • 1-4 units, condo/townhouses
  • Short-Term Bridge

  • 12-24 Months interest only
  • Loan Amount $100k - $2M
  • 680 fico score or higher
  • Up to 75% LTV
  • Refinance or Cash-out
  • 1-4 Units, condo/townhouse
  • Satisfactory appraisal
  • Fast Closing
  • Rental Loan

  • 30 Year, fully amortized
  • 1-4 Units, condo/townhouse
  • Loan Amount $100k - $2M
  • 680 fico score or higher
  • Up to 80% purchase price
  • Strong Rental Income
  • Refinance or Cash-out
  • Fast Closing
  • Multifamily

  • 12 Months interest only or 30 Yr Fixed
  • Five Units or more including Mixed-use
  • Loan Amt $250k - $10M
  • 680 fico score or higher
  • Up to 75% LTV
  • Refinance or Cash-out
  • Ground Up

  • One to Four Units
  • Up to 75% purchase price and 100% Rehab costs
  • $150k to 2M
  • Up to 70% ARV
  • Minimum 680 credit score
  • Must have prior experience with ground up construction
  • Hard Money Loan Products

    Simple Solutions for Investors and Flippers

    Quick Real Estate Funding is the go-to company for hard money loans in Connecticut. If you are an investor, flipper, or a landlord, give us a call to learn more about the loan products we offer. We are also a nationwide hard money lender (excluding AK, CA, NV, AZ, ND, SD, MN, ID, VT & OR).



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