When there is a commercial real estate purchase that requires funding, Atlanta Direct Private Money Lenders can process the loan quickly. They routinely fund loans anywhere from $75,000 for a smaller building up to a million dollars and more. In many instances the upper limit is 65 percent of the value of the property being purchased.
Other reasons for needing the loan money in a rush include impending foreclosure, tax liens, legal judgments and any business cash flow problems a business may encounter. In Georgia, they are willing and able to provide the required funds when banks and other lenders refuse. Their extensive knowledge and experience makes this possible.
A hard money lender is one who specializes in providing high interest loans for the purposes of land development and other property acquisition situations. These are high risk loans and, as such, may have high interest rates. The loan organization provides the borrower with the funding needed faster than other sources.
Time is of the essence and an answer is provided quickly. The familiarity these lenders have with the market make it possible for them to make a quick decision. There are no fees for the borrower to pay prior to being granted the loan. Closings happen fast and each loan is structured in the most advantageous way for the borrower.
Examples of some of these types of loans granted in and around Atlanta were for two and a half million dollars for a vacant building, $450,000 for an occupied retail building and $325,000 to refinance a medical building in Savannah. One lender has provided over thirty million dollars worth of loans for commercial transactions in the state of Georgia.
These lending organizations negotiate loans with brokers and realtors, attorneys, real estate investors and anyone else wanting funding to purchase or rehabilitate a property. The complex needs of borrowers are understood and the borrower can have a repayment plan tailored to suit his specific needs. All of this can be done quickly.
When attempting to avoid foreclosure or if an existing business needs funding fast, the Atlanta Direct Private Money Lenders are the ones who can help. A bank may or may not be willing to grant the loan. However, even if it would, the application and approval process would negate the borrowers ability to close the deal that needs to be closed in a short time. The short term lender will explain all terms and conditions related to the repayment of the loan.
Other reasons for needing the loan money in a rush include impending foreclosure, tax liens, legal judgments and any business cash flow problems a business may encounter. In Georgia, they are willing and able to provide the required funds when banks and other lenders refuse. Their extensive knowledge and experience makes this possible.
A hard money lender is one who specializes in providing high interest loans for the purposes of land development and other property acquisition situations. These are high risk loans and, as such, may have high interest rates. The loan organization provides the borrower with the funding needed faster than other sources.
Time is of the essence and an answer is provided quickly. The familiarity these lenders have with the market make it possible for them to make a quick decision. There are no fees for the borrower to pay prior to being granted the loan. Closings happen fast and each loan is structured in the most advantageous way for the borrower.
Examples of some of these types of loans granted in and around Atlanta were for two and a half million dollars for a vacant building, $450,000 for an occupied retail building and $325,000 to refinance a medical building in Savannah. One lender has provided over thirty million dollars worth of loans for commercial transactions in the state of Georgia.
These lending organizations negotiate loans with brokers and realtors, attorneys, real estate investors and anyone else wanting funding to purchase or rehabilitate a property. The complex needs of borrowers are understood and the borrower can have a repayment plan tailored to suit his specific needs. All of this can be done quickly.
When attempting to avoid foreclosure or if an existing business needs funding fast, the Atlanta Direct Private Money Lenders are the ones who can help. A bank may or may not be willing to grant the loan. However, even if it would, the application and approval process would negate the borrowers ability to close the deal that needs to be closed in a short time. The short term lender will explain all terms and conditions related to the repayment of the loan.
About the Author:
Tom G. Honeycutt is a full-time real estate entrepreneur in Atlanta, GA. Tom helps readers by providing practical and useful knowledge to better understand lending choices. If you are looking Atlanta Find Private Money Lending Lenders, Georgia He suggests you check out the website iFund International
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