19 11, 2018

Atlanta Named One Of The Hottest Housing Markets

2019-01-21T15:48:21-05:00November 19th, 2018|Categories: Equity Lending, Flipping, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, New Construction, New Home Development|Tags: , , |

Redfin looked at metro areas with at least 500,000 people to determine the hottest real estate markets in the country.  This week, it names Atlanta one of the hottest markets in the country. More than 28 percent of Atlanta's homes for sale stayed on the market less than two weeks and 21 percent of Atlanta homes sold for more than the asking price. Atlanta is currently a top migration destination, similar to Charlotte, another area where we serve investors.In the third quarter, Atlanta ranked number two in the country as a top migration destination. Meanwhile in Atlanta, investors are banking

20 10, 2018

What Is A Debt Service Coverage Ratio?

2018-10-20T23:28:54-04:00October 20th, 2018|Categories: Equity Lending, Investing, Investment Properties, Investments, Leasing Your Property, Rates|Tags: |

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.

27 03, 2018

Things To Look Out For When Shopping For Hard Money Lenders

2018-03-27T15:00:33-04:00March 27th, 2018|Categories: Equity Lending, Hard Money Loans, Private Lending|Tags: , |

If you're shopping for a Hard Money lender, here are some things to look out for. You want a real hard money lender, like Paces Funding. You don't want a broker or a scam, right? So, take our advice and avoid a bunch of hassles. If you're purchasing property in Atlanta, Nashville, Florida or the North and South Carolina metropolitan areas, just stick with Paces Funding. But if you're outside our service area, use these tips to avoid fake hard money lenders. Watch out for online directories. These aren't actually hard money lenders. They're usually just websites that will sell your

3 08, 2015

What is a Cash-Out Hard Money Loan?

2015-08-03T11:24:37-04:00August 3rd, 2015|Categories: Cash Out, Equity Lending, Hard Money, Investment, Loan|Tags: |

You’ve probably heard the term cash-out refinance before, but what does it really mean – and what does it have to do with hard money lending? Explaining Cash-Out Hard Money Loans A cash-out refinance is a mortgage transaction in which the new mortgage amount exceeds the existing mortgage amount. Its purpose is to pull out equity; it’s an alternative to a home equity loan. It’s a way for borrowers to get money out of the equity in their homes to pay down debt or make additional purchases. Cash-Out Loans for Investors If you own a property, either with no loan

5 02, 2014

New Paces Funding Website

2014-02-05T21:18:33-05:00February 5th, 2014|Categories: Commercial, Equity Lending, Hard Money, Investment, Loan, New Construction, Real Estate|

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@Paces Funding.com.  We also do hard money loans on commercial properties.  Check us out at www.Paces Funding.com

16 07, 2013

Introducing Paces Funding

2013-07-16T16:58:27-04:00July 16th, 2013|Categories: Cash Out, Commercial, Credit Score, Equity Lending, Hard Money, Loan, New Construction, New Home Development, New Homes, Videos|

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.

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