hard money for rehabs in Georgia

7Quick Closings, limited appraisals- bpo, draws given fast

 

 

Georgia  Hard money guidelines (residential)

Rehab loans are short term solutions for property acquisition and repair. Typically investors sell the property or put into service as rental properties though a long term mortgage solution. see Georgia Investment property loan overview.

 

 


LOAN GUIDELINES

******* NEW - ,Put 20% down , rates from 9.5% and 2 points - borrowers with cash can really save money on a deal. ...
Georgia HARD MONEY LOANS FOR :
CASHOUT – UP TO 60% LTV
PURCHASE – UP TO 85% ,  (70% ARV )
 PURCHASE AND REHAB
CROSS COLLATERALIZE OTHER PROPERTY
SHORT SALES


Geographic Area:

Georgia Metro Areas

Property Type:

Residential (non-owner occupied), Commercial, Industrial, Land.
owner occupied available with 35% down and 600+ credit.

Loan Size:

75k min loan amount 

Loan Term:

1 year - 3 years

Interest Rate:

Interest Only-Varying depending upon LTV, Credit, Term, Etc.

Loan Origination Fee:

3-5 Points – varies by size and complexity

Loan to Value:

Up to 80% on residential rehab and commercial
(varies by property and location)

 

 

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