Hard money loans in Atlanta

Hard money is short-term financing secured by the property itself. Approval rests on the property’s value and your plan to repay, not your tax returns or credit score. That is what lets it close in days instead of the weeks a bank loan takes.

Standout is a commercial real estate brokerage with an office in Dunwoody. We don’t lend our own money. We place your Atlanta deal with the Georgia hard money lending partner that fits it, and we compare their terms for you.

Our hard money program is offered in Georgia only.

We place hard money loans across metro Atlanta, including:

• The City of Atlanta and intown neighborhoods
• Fulton and DeKalb counties
• Cobb, Gwinnett and Clayton counties
• The surrounding metro suburbs

Outside the metro, the same program covers the rest of Georgia. See Georgia hard money lenders for the statewide picture.

Loan-to-value (LTV) is the loan as a share of the property’s value. On a $600,000 property, a 65% LTV means a loan of about $390,000.

Investors in the metro use hard money for the stretch of a deal where speed or flexibility matters more than cost:

• Beating other offers. A loan that funds in days lets you compete with buyers paying cash.
• Renovations the bank won’t touch. Older homes and small commercial buildings that need major work before they can qualify for a bank loan.
• Fix and flip projects. Buying, renovating and reselling within the loan term. A loan can be structured to cover both the purchase and the renovation.
• Ground-up construction and land. New builds on investment and commercial property, where many banks won’t lend.
• Bridging to a long-term loan. Closing now, then refinancing once the property is leased or stabilized.

Hard money lenders in Atlanta vary widely in what they charge, what they lend on and how they handle renovation draws. Applying to them one at a time takes time you may not have.

With Standout, one loan expert reviews your deal, compares our Georgia lending partners and brings you the options that fit. You get a local contact who knows the market and stays with the file through closing.

Hard money is expensive to hold, so plan your exit before you close. Most Atlanta investors either sell the property or refinance once the work is done.

If you plan to keep a rental, a DSCR loan qualifies on the property’s rental income. For a commercial property with strong financials behind it, a conventional commercial loan usually costs the least. Your loan expert can line up the refinance while the renovation is still underway.