/New Home Development
20 11, 2018

New Atlanta Investors: What Is The Midtown Alliance?

By |2018-11-19T11:34:49+00:00November 20th, 2018|Categories: Commercial, Developers, Hard Money, Investing, Investment, Investments, New Construction, New Home Development|Tags: |0 Comments

If you're new to investing in Atlanta and are looking to invest in the Midtown area, you may wonder, "What's the Midtown Alliance?" Midtown Alliance Midtown Alliance's dedicated staff works to create the most desirable urban experience for Midtown. It's been around since 1978 and has been a driving force behind the revitalization of the area. Midtown is a migration destination for residents and it's a destination point for commerce, learning and cultural experience. Much of this is due to the hard work of teh staff at Midtown Alliance. Midtown has been redesigned to be a live-work-play community with a

19 11, 2018

Atlanta Named One Of The Hottest Housing Markets

By |2018-11-19T11:18:16+00:00November 19th, 2018|Categories: Equity Lending, Flipping, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, New Construction, New Home Development|Tags: |0 Comments

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

12 11, 2018

Investing In The Nashville Real Estate Market

By |2018-11-12T22:12:05+00:00November 12th, 2018|Categories: Business, Commercial, Construction Loans, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Leasing Your Property, New Construction, New Home Development, New Homes, Private Lending|Tags: , , |0 Comments

There’s a lot of interest in investing in places like Nashville and other strong secondary markets right now. This is due to economic and cultural factors driving people out of more traditional markets. Plus, when you consider the quality of life in much larger downtowns, it's no wonder smaller, homier downtowns are the next big thing. These secondary markets prime for investing are great tourist destinations, just like Nashville. They are also key areas for music and the arts, just like Nashville. Here's what these secondary markets desperately need: Residential condo units. (Last year, Nashville gained a mere 71 units.)

6 11, 2018

A New Market For Property Investors: Appealing To Small Business Owners

By |2018-11-06T13:41:09+00:00November 6th, 2018|Categories: Business, Developers, Investing, Investment, Investment Properties, New Home Development|Tags: , , |0 Comments

Atlanta real estate investors are taking a not-so-risky gamble that relies on a provision in Atlanta code: It lets rental units offer space for a home-based business complete with the allowance for one employee. For example, at the corner of MccLendon and Brooks Avenues, a two unit space will be marketed as a home office. The idea is for these to have space for a home-based businesses like consulting businesses, accountants or therapists. The office spaces are downstairs and the living quarters are upstairs. More and more people are working from home and telecommuting too. So, even if making space

12 07, 2018

How A Cost Segregation Study Helps Real Estate Investors

By |2018-07-12T23:02:24+00:00July 12th, 2018|Categories: Hard Money, Income, Investing, Investment, New Home Development, Real Estate, Taxes|Tags: , , |0 Comments

A cost segregation study can identify and reclassify your property, with the benefit of shortening the property's depreciation time. What happens when the property's depreciation time is reduced, as you probably know, is that your current income tax obligations also reduce. Using this tool, the IRS allows to to speed up the depreciation on certain things such as carpet or cabinets, and even light fixtures and flooring in a building. That way, you can enjoy tax savings sooner! So why doesn't everyone do a cost segregation? Well, the cost of it is not cheap. So, only investors with significant property

6 04, 2018

2018 North Carolina Building Code

By |2018-04-06T21:17:13+00:00April 6th, 2018|Categories: Construction Loans, Hard Money, Home Improvements, Home Upgrades, Investment Properties, New Construction, New Home Development, Remodeling Tips|Tags: |0 Comments

The Building Code Council adopted the 2018 North Carolina Building Code at its quarterly meeting in June, 2017.  The 2018 North Carolina Building Code (Except Electrical) will go into effect no later than July, 2018, according to the state's website.  At that point, we'll see a minimum six month over lap where either the 2012 NC Code or the 2018 NC Code is acceptable. So, when is the new code fully active? According to the state's website, on January 1, 2019, the new code becomes the requirement. Meanwhile, the 2018 Electrical Code went into effect this month. "The Base Documents

18 02, 2016

The Real Reason Your Construction Loan Was Denied by a Major Lender

By |2016-02-18T10:00:03+00:00February 18th, 2016|Categories: Construction Loans, Investment, Loan, New Construction, New Home Development, New Homes|0 Comments

If your bank will not approve your construction loan, you may feel as if it’s because of something you’ve done. In reality, however, you are most likely part of a growing trend. We’re going to crunch the numbers for you to identify why you are not alone, and what you can do about it. As the reports from the FDIC show, bank-approved real estate loans in general have been on the decline for years. The third-quarter report for 2015 shows that real estate loans accounted for less than 3 percent of all bank activity – that’s not much, especially when

12 11, 2015

Investors and Developers: Could You Use Hard Money?

By |2015-11-12T12:56:14+00:00November 12th, 2015|Categories: Commercial, Developers, Investment, Loan, New Construction, New Home Development, Real Estate|0 Comments

In some cases, investors and developers are better off taking out a hard money loan than using a traditional loan. So when is a hard money loan better for developers and investors? Typically, hard money is a better choice when an investor or developer: Needs to close quickly and following traditional funding routes would take too long. Often, banks and other traditional lenders take several weeks – if not longer – to process the paperwork on a loan. Has several good opportunities but not enough cash to accept them all. Banks won’t extend credit if it appears you’ll become over-extended.

16 07, 2013

Introducing Paces Funding

By |2013-07-16T16:58:27+00:00July 16th, 2013|Categories: Cash Out, Commercial, Credit Score, Equity Lending, Hard Money, Loan, New Construction, New Home Development, New Homes, Videos|0 Comments

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.