Hard Money Lenders Atlanta: Your Guide to Fast Financing

Are you seeking financing options for your next real estate project in Atlanta? Whether you’re eyeing a fixer-upper in Howell Station or planning to expand your rental portfolio in Buckhead, hard money lenders in Atlanta can offer the flexibility and quick funding you need. Hard money loans are an alternative to conventional financing — ideal for those with tight timelines, limited capital, or less-than-perfect credit.

For non-investors looking to buy a new home before selling their current one, we’ll also explore other creative ways to leverage your current home’s equity. By the end, you’ll be equipped with the knowledge to choose the financing method that best fits your real estate goals.

Start Making Offers Without Waiting to Sell Your Home

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.

What is a hard money lender?

A hard money lender is a private individual or company that offers short-term loans secured by real estate. Unlike traditional lenders, hard money lenders consider the value of the property used as collateral over the borrower’s creditworthiness. Their services are popular among real estate investors, such as house flippers and those purchasing rental properties, who need quick access to funds and flexible terms.

Hard money lenders use the after-repair value (ARV) — the estimated value of a property post-renovation — to determine loan amounts. They typically lend a percentage of the ARV to safeguard their investment.

Interest rates for hard money loans are higher, ranging from 8% to 15%, with additional fees like origination charges and points. If a borrower fails to repay, the lender can seize the property to recover their investment.

How does a hard money loan work?

If you’re considering a financing option that combines speed and flexibility for your real estate investments, connecting with hard money lenders in Atlanta could be a smart move. Here’s a quick overview of how hard money loans work:



from HomeLight Blog https://www.homelight.com/blog/buyer-hard-money-lenders-atlanta/

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