Our Hard Money Lenders


• lend up to 100% of purchase and acquistion. Depending on credit, they will roll points and a portion of closing costs into the loan.They will loan between 70 and 75% of the After Repair or After Fix Up Value (what the house will be worth once you fix it up) based upon which program you qualify for.

They do look at credit, because the exit strategy of most borrowers (75%) is to refinance and hold the property they purchase and then rent it out on Section 8 or rent to own (after doing a cash out refinance).

• We have rehab estimates from agents for each property, which goes into the ARV appraisal and is also reviewed by the hard money lender.

• Repair money is escrowed. Typically the money is reimbursed as the job progresses so the buyer advances the money to the contractor.

• Estimated time to close is 1-3 weeks.

Click here to download the Form 1003 Loan Application.

 

Having a reputable and dependable lender on your team is one of the primary components to becoming a successful real estate investor. Having worked with investors on over 600 deals, we've developed a strong relationship with the follwing hard-money lenders. Investors who buy, fix, and hold can quickly refinance from hard-money into a regular mortgage with any of these highly recommended lenders:

 

Metro Atlanta Mortgage

Contact: Nathan Moore

Phone: (770) 692-2222

 

Comprehensive Portfolio Management

Contact: Joe Labadia

Office: (404) 575-2244

Cell: (770) 309-7230

 

Onward Finacial Services

Contact: Bradly Thomas

Phone: (770) 390-9918 ext. 103