Private lending is a business model in which one company lends money to people and other companies that are having trouble getting their loan requests approved by conventional loaning services. Recent studies have shown that more than 80% of businesses that fail to get a loan are denied because of inconsistencies in their cash flow…. Read more »
Are you aware that in Q1 of 2019, close to 50,000 houses were flipped? During the past few years, the percentage of flipped houses that have been turned into home sales has been gradually increasing. Also, the average gross profit for every house flipped has from $60,000 to highs of $68,000 in different periods. As… Read more »
In some respects, bank loans are similar to hard money loans. They both require a willing lender who takes a security interest in collateral to fund the loan. Both loans must be repaid to release the security interest and retain ownership of the collateral property. However, in other respects, hard money loans are very different… Read more »
Maybe you found the perfect house to flip, but you’ve gotta act fast to put your bid in. Maybe you’re on a tight deadline and you know the bank won’t be fast enough. Or maybe your credit just isn’t quite what it should be at the moment and you need a speedy alternative to traditional… Read more »
House flipping is the practice of buying homes, usually at auction, with the purpose of reselling them at a profit. Real estate investors of all kinds make a lot of money doing this, and with the right knowledge, you can, too. But that doesn’t mean flipping a home is easy. Keep reading to learn about… Read more »
What is hard money lending? You may have heard this term, but not know exactly what it means. Hard money lenders in Georgia provide loans in cases where traditional mortgage loans are not an option. This might be because the borrower has trouble finding a line of credit or because the borrower needs the money… Read more »
Statistics show that the average American has $38,000 worth of debt. This number does not include mortgages, which would make it much higher. It comes as no surprise that most people are turning to hard money lenders in Georgia for credit. A hard money loan is a secured type of funding in which the borrower… Read more »
A hard money loan is a private lending alternative to obtaining traditional loans in Atlanta, GA. These loans are usually for those seeking funding in the real estate business. Hard money loans were started in the late 1950s when the credit industry was in a state of significant change. These loans are typically short term,… Read more »
Private lending is a viable option for anyone who cannot obtain loans through traditional banks because of restrictive requirements. These restrictions often include factors such as bad credit or a short time frame. A popular form of private lending for real estate purposes, hard money loans typically last between one and five years and have… Read more »
Just the terms loans and lending can cause unease. The thought of subjecting yourself to what’s historically been a dreaded process isn’t exactly most peoples’ idea of a good time. Still, almost everyone — at some point or another — is going to need to borrow money for something. We specialize in hard money lending… Read more »