Our Team

What is Michelle Liptzs profession or occupation?

Michelle Liptz is a dedicated professional in the hard money lending sector, serving as a Loan Officer at Realty Resources Corporation.

Can I use hard money for a commercial property in Georgia?

Hard money can be used for purchasing commercial property in Georgia. It provides quick funding options for investors and developers looking to secure real estate transactions efficiently.

What is David Aronsteins educational background and degree?

David Aronstein's educational background includes a degree in finance, which equips him with the expertise necessary for effective real estate lending and loan management at Realty Resources Corporation.

What is the minimum credit score for hard money in Georgia?

The minimum credit score for hard money loans in Georgia typically ranges from 600 to 650, but lenders may consider individual circumstances beyond just the score.

Who is Michelle Liptz, and what is she known for?

Michelle Liptz is a key team member at Realty Resources Corporation, known for her extensive expertise in hard money lending and her commitment to providing financial support for real estate transactions.

What is Michelle Liptzs educational background or degree?

Michelle Liptz has a strong educational background, holding a degree in Finance which equips her with valuable expertise in real estate lending.

What are the benefits of hard money in Georgia?

The benefits of hard money in Georgia include quick access to funding, flexible terms, and less stringent credit requirements, making it an ideal option for real estate investors who need timely financial support for their projects.

What is hard money lending in Georgia?

Hard money lending in Georgia refers to short-term financing secured by real estate, typically provided by private lenders or investors. This type of loan is often used for quick funding in real estate transactions, especially for those who may not qualify for traditional financing.

How do hard money loans work in Georgia?

Hard money loans in Georgia work by providing quick funding based on the property's value rather than the borrower's creditworthiness. These loans are typically short-term and financed by private investors or companies, allowing for speedy approval and flexible terms.

What are the interest rates for hard money loans in Georgia?

The interest rates for hard money loans in Georgia typically range from 8% to 12%, depending on various factors like property type and borrower qualifications. Rates can vary, so it's essential to consult with a lender for specific terms.

What are Michelle Liptzs notable achievements or awards?

Michelle Liptz's notable achievements include recognition for her exceptional performance in real estate lending and several industry awards that highlight her commitment to client success and financial expertise.

What are David Aronsteins most notable poker achievements?

David Aronstein's most notable poker achievements include consistently high finishes in major tournaments, earning significant cash prizes, and building a reputation as a skilled strategist in the competitive poker community.

What types of properties qualify for hard money loans?

The types of properties that qualify for hard money loans include residential, commercial, and industrial real estate, as well as fix-and-flip projects and land acquisitions. These loans are typically asset-based, focusing on the property's value rather than the borrower's creditworthiness.

How quickly can I receive funding with hard money?

The speed at which you can receive funding with hard money can be very quick, often within a few days after your application and property appraisal are completed.

Are there different terms for hard money lending?

Different terms for hard money lending include private money lending, bridge loans, and asset-based loans, all referring to short-term loans secured by real estate. These terms highlight the various aspects and uses of hard money financing.

Who are the top hard money lenders in Georgia?

The top hard money lenders in Georgia include companies known for their competitive rates, quick approval processes, and expertise in real estate financing, such as Realty Resources Corporation, helping investors secure funding efficiently.

What fees are associated with hard money loans?

The fees associated with hard money loans include origination fees, closing costs, appraisal fees, and interest rates that may be higher than traditional loans, reflecting the risk taken by lenders.

How does hard money compare to traditional financing?

Hard money compares to traditional financing in that it offers quicker approval and funding, utilizing property as collateral rather than creditworthiness. This makes it ideal for real estate investors needing immediate financial support.

What documentation is needed for hard money loans?

The documentation needed for hard money loans typically includes a loan application, proof of income, property details, and a credit report. Providing these documents helps streamline the loan approval process.

Are hard money loans suitable for first-time buyers?

Hard money loans can be a viable option for first-time buyers, especially for those needing quick financing or with less-than-perfect credit. However, they typically come with higher interest rates and fees, so careful consideration is necessary.

What risks are involved with hard money lending?

The risks involved with hard money lending include the potential for borrower default, property devaluation, and higher interest rates, which can affect both the lender's return on investment and the borrower’s financial stability.

How are hard money interest rates determined?

Hard money interest rates are determined based on factors such as the property’s value, the loan-to-value ratio, borrower creditworthiness, and market conditions. These rates typically reflect the higher risk associated with hard money lending compared to traditional financing.

What is the process for applying for hard money?

The process for applying for hard money involves submitting a loan application, providing necessary documentation, and discussing the property and loan terms with a lender. Our team will guide you through each step to ensure a smooth experience.

Can I refinance with hard money in Georgia?

Refinancing with hard money in Georgia is possible. Hard money lenders can provide the necessary financing to refinance your existing loans, allowing for more flexible terms based on the property's value rather than your credit score.

How do I calculate ROI on hard money investments?

Calculating ROI on hard money investments involves determining the net profit from the investment, then dividing that by the total investment cost. Multiply the result by 100 to get the percentage that reflects your return on investment.

What to consider before choosing a hard money lender?

What to consider before choosing a hard money lender includes evaluating their experience, interest rates, loan terms, and customer reviews. Ensuring transparency and effective communication is also crucial for a successful lending partnership.

Are hard money lenders regulated in Georgia?

Hard money lenders in Georgia are subject to certain regulations, primarily overseen by the Georgia Department of Banking and Finance, ensuring they operate within the framework of state laws.

How long do hard money loans typically last?

Hard money loans typically last from a few months up to three years. The exact duration depends on the specific loan terms and the needs of the borrower.

What is the difference between hard money and soft money?

The difference between hard money and soft money lies in their sources and usage. Hard money is secured by real estate and typically used for short-term loans, while soft money refers to conventional financing options with more flexible terms and secured by creditworthiness rather than collateral.

Can I use hard money for residential properties?

Hard money can be used for residential properties. This financing option is often utilized for quick purchases, renovations, or investment opportunities, allowing buyers to secure funding based on the property's value rather than their creditworthiness.