Hard money lending may be the perfect choice for you if you’re having a tough time securing traditional financing.
Advantages of Hard Money Loans
A hard money lender can increase opportunities for those who can’t receive traditional loans. If you’ve been denied a conventional loan based on credit or other issues, you may be able to work with a hard money lender to get the money you need.
Traditional banks are pretty set in their ways in terms of who they’ll lend money to and for what purpose. Hard money lenders can look into almost any type of project from flipping a single home to acquiring commercial properties.
The loan approval process for conventional lenders is lengthy. A hard money lender may be able to get your project funded in ten days or less. You shouldn’t have to worry about losing a deal because you’re waiting for approval.
Hard money lenders don’t require as much information to get you approved. We don’t rely solely on your credit score, and we’re more interested in the investment you’ll have in the property you are looking to fund.
Choosing a hard money lender could result in more flexible terms. Since they’re not under the same regulations as bank; you may find that the terms of your loan can be customized.
Need a Hard Money Lender in Atlanta?
If you’re looking for a hard money loan in Atlanta, we may be able to help you.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.
Read our frequently asked questions and take a few minutes to learn about the hard money loan process.