Now lending in Nashville, Florida and the Carolinas!
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Hard Money Lenders: We’re Here for You
Whether you’re a real estate investor who needs to pounce on a deal or you’re a hard-working person who’s having a tough time securing traditional financing through a bank, you need to work with a hard money lender you can count on; a lender you can trust.
That’s Paces Funding.
Working with Hard Money Lenders
Paces Funding is hard money lender offering loans for the purchase or renovation of non owner-occupied residential or commercial properties throughout the metropolitan area (including Atlanta, Nashville, Florida and the Carolinas). Our competitive rates and our willingness to work around our clients’ unique circumstances make us one of the best hard money lenders – and we can help you get the financing you deserve.
Do You Qualify for a Hard Money Loan?
Call us at (404)814-1644 or send us an email. We’ll be happy to answer your questions and see if you qualify for a hard money loan.
Listen to Dean Tilman interviewed on The Best Real Estate Investing Ever Show with Joe Fairless
The Best Real Estate Investing Advice Ever Show With Joe Fairless
Cash Fast!
If all of your equity is tied up in real estate and you need some cash, call Paces Funding. We are an Atlanta Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta Georgia metropolitan area. Common Sense Lending is the name of the game! Get more details and information.
Exit Strategy?
We are an Atlanta Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta Georgia metropolitan area. Common Sense Lending is the name of the game!
New Construction
Builders & Investors – this video is for you. We provide hard money loans for new construction properties whether building from scratch or a property that is partially developed. We are an Atlanta Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta Georgia metropolitan area. Common Sense Lending is the name of the game!
Quick Closes
We are an Atlanta Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta Georgia metropolitan area. Common Sense Lending is the name of the game!
Latest Blog Posts
What Is A Debt Service Coverage Ratio?
Have you heard of the commercial mortgage term, "Debt Service Coverage Ratio?" It's the term to describe the ratio that lenders use to evaluate and qualify for the financing of a commercials structure. It shows the cash flow compared to debt service. DSCR For Commercial Properties In general, most banks will need a ratio of 1.5 - 1.35 (net operating income to annual debt service) before lending for commercial property. They just want to make sure you will have enough cash flow to cover the payments each month. Net operating income should include interest, principal, lease payments and sinking fund.
What Is Effective Gross Income?
Have you heard the term, "Effective Gross Income?" If you're starting out in real estate investing in Georgia or the Carolinas, you may hear this term. Also called, "EGI," it's the income that you'd have when you subtract losses of income from vacancy, concessions, model units, legal fees, employees, and bad debt. The reason it's important to know an apartment complex's Effective Gross Income is extremely telling. You don't only want to consider the Gross Potential Income. You'll also want to add in revenue generated from other things like coin-operated laundry, parking, or concessions. In order to determine your property's
What Is Gross Potential Rent?
If you're just starting out as a real estate investor, you may have heard the term, "Gross Potential Rent." So, what exactly is that, and how is it calculated? Gross Potential Rent Gross Potential Rent, also known as "GPR," is the hypothetical amount of revenue that you could make from your apartment community, if it was fully leased all year round at market rental rates. It's the maximum amount of revenue you could bring in from rent on your apartment complex. Determining GPR GPR is important, because it lets you know how profitable the property could be. It's the most
What Is Equity Investment?
If you're just thinking about becoming an investor, you may have heard the term, "Equity Investment." So, what is equity investment? Well, simply put, it's the share of cash that you put into an investment. If a company that you put money into has a profit, you can earn money on your investment through a dividend, right? This lets some of the company's profits get divided by shareholders. In trading, equity means your share of stock. In real estate, you could have an equity investment in a limited partnership or limited liability company. Also, real estate investment opportunities are often
What Are People Saying About Paces Funding?
“We needed quick cash to help finish our project. Paces Funding took our application and gave us a fast approval and funded quickly. They made the difference!”
John E.
Atlanta, GA