Hard money lenders take a different route when lending than traditional lenders do - and that can be very beneficial to real estate investors. How Do Hard Money Lenders Work? Hard money lenders typically lend based on collateral, so they're less inclined to worry about the lender’s ability to repay the loan than a conventional lender would be. The value of the collateral often outweighs the borrower’s financial position. Conventional lenders show extreme interest in credit scores and income, whereas those things aren't as important when you're taking out a hard money loan (they're still important, but they're not always
To start 2014 off, we've updated our website. New content as well as the ability to apply for a hard money loan online. If you need an Atlanta hard money loan or for other parts of the south, contact us today at (404) 814-1644 x101 or email Dean@PacesFunding.com. We also do hard money loans on commercial properties. Check us out at www.PacesFunding.com
When banks don’t want to provide you with the financing you need, an Atlanta hard money lender can step in and make things happen. But what is a hard money loan, and how hard is it to qualify for one? Is it the right solution for you? Hard Money Real Estate Loans in Atlanta Whether you’re interested in building a new home, you want to purchase an investment property or you’re ready to borrow cash against a free-and-clear property, a hard money real estate loan might be your best option. Hard money real estate loans for new construction: Because banks
As an investor, you know a great deal when you see it. You also know that you aren’t the only one who will recognize it – and you need to act quickly if you want to stay in the game. When traditional lenders fail to see the potential in an investment property, you might have a hard time getting the funding you need. That’s where an Atlanta hard money lender can step in and help you realize your dreams. Hard Money Loans for Real Estate Investors in Atlanta Banks aren’t too keen on giving loans for non-owner occupied homes. In
The first half of 2011 couldn’t be more different than the first half of 2010 in terms of home buyer profiles. In early 2010, the homebuyer tax credit was the primary impetus for home purchases. Many buyers accelerated their purchases to close within the first six months of the year. There is also indication that people looking to wait until 2011 to buy may have moved up their purchase by a full year to take advantage of the tax credit. In early 2010 houses priced below $150,000 were selling rapidly. These houses needed to be renovated on par with higher
Paces Funding is Atlanta’s largest hard money lender. We are leading the way with innovative financing solutions for real estate investors. Our staff has processed over 1,000 loans over the past decade and is excited about the new opportunities we will be providing our clients. Over the next six months, Paces Funding will be introducing new real estate financing and investment opportunities. Contact us today to get pre-approved for a hard money loan.