Knowing the best hard money lenders in Atlanta is critical to your investing success. If you are new or naive to real estate or have been into it for years, your hard money loan can take away a lot of profit if it isn’t favorable. A lousy loan can make you lose thousands of dollars, while a good hard money loan can give you the financing you need faster than any other source. Hard money lenders in Atlanta can give you the buying power needed to scale your business and profit.
The 10 Best Hard Money Lenders In Atlanta
Below are the best hard money lenders in Atlanta
Paces Funding is one of the best hard money lenders in Atlanta, providing loans to real estate investors in Nashville and Atlanta. They offer lending solutions for many needs and situations, including fix & flip hard money, construction, commercial, and investment property loans. They offer terms of up to 12 months, and you can access loan amounts from $20,000-$3,000,000 with the highest getLTV of around 65%.
Angel Oak Prime Bridge
Angel Oak Prime Bridge is one of the asset-based hard money lenders in Atlanta, offering loans throughout Atlanta and most of Georgia. They offer hard money loans for fix-and-flip, construction, short-term bridge, and investment property loans. Angel Oak Prime Bridge terms are competitive, with loan amounts from $50,000, long-term loans up to 360 months, and rates from under 10%. They need the lowest FICO score of 560 to get a loan, and the downside is that they mainly focus on single-family residences and multi-family units.
Baker Collins & Company, LLC
Baker Collins is one of the highest-rated companies that offer hard money lenders in Atlanta. They offer hard money loans to Atlanta investors. Their loan programs include rental loans, rehab loans, and commercial loans. They have closed over 300 loans since 2015 and have a solid track record.
Fairview Lending provides commercial hard money loans and residential in Atlanta and throughout Georgia. They also have an excellent sterling rating with the Better Business Bureau. They are one of the direct hard money lenders in Atlanta, meaning they lend their funds. This can make a big difference in flexibility and be able to loan to many different situations.
They have no forthright fees and can provide loans for as long as ten years.
Straightline Funding is among the best hard money lenders in Atlanta. They offer typical loan options for rehab and rental properties. They also provide transactional hard money loans for investors who need to double close.
Southeast Private Lending
Southeast Private is among the best hard money lenders in Atlanta. They have been in the industry for more than 30 years. Their origination fees are among some of the highest we have seen, but they come from the loan proceeds, so you aren’t paying them out of pocket. They offer immediate Hard Money Loans from 50K – $100 Million.
Plymouth Funding LLC
Plymouth Funding LLC has a strong ranking online. Their customers praise the incredible customer service. They also have a whole arsenal of loan programs, including commercial hard money rehab, new construction, and rental property. They have rates from 10% with terms of up to 12 months. Their origination fees are pretty standard at 2-3%. They offer loans on non-owner-occupied condos, townhomes, apartments, and single-family homes to borrowers with credit scores of 650+.
Temple View Capital
Temple View Capital is a private lender in MD. They provide loans in 46 states throughout the US. They provide short-term and long-term fix and flip loans, bridge loans, rental properties, and ground-up construction loans for residential properties. Their lending parameters are versatile, including loan amounts ranging from $75,000 to $2,000,000 with industry-leading rates and flexible terms. Offering long-term financing on short-term rentals. They are one of the hard money lenders in Atlanta that provide advanced rehab draws instead of reimbursements. The target of their lending is residential single-family 1-4 units of non-owner-occupied homes.
Paces Funding is among the best hard money lenders in Atlanta, GA. They offer loans in Nashville and Atlanta. They provide lending solutions for many needs and situations, including hard money construction loans, investment property loans, and commercial loans. They issue terms up to 1 year, loan amounts ranging from $20,000 to $3,000,000 with a maximum LTV of 65%, and rates starting at 10%. They lend funds to all borrowers based on the property’s value and do not require a minimum credit score. They offer loans on many properties, including single-family homes, office buildings, multi-family, hotels and motels, apartment buildings, retail spaces, storage facilities, mixed-use buildings, warehouse buildings, and industrial facilities.
Capital for Real Estate
Hard money loans are all about financial leverage. These are short-term loans from 6 months to 5 years, with less verification for the borrower than conventional loans. These cover purchases, refinance, fix-and-flips, and other real estate leverage scenarios. When purchasing or refinancing, you can receive up to 65-70% of the value of a home or commercial property, and in the case of a property needing renovations/rehab, they can lend 65-70% of the future value, also called the ‘after repaired value (ARV).
Atlanta has a decent amount of private money lenders offering loans. Several appear reliable, with many positive Google reviews and professional websites. There are, however, several companies with poor reviews and outdated websites.
If you have any questions about the guide to the best hard money lenders in Atlante, please don’t hesitate to ask questions, and we will clarify for you as soon as possible.