Hard Money Loans
For real estate investors in Georgia, quick and reliable financing is key to securing profitable deals. Coastal Capital Lending offers hard money loans designed to provide fast access to capital for purchasing, renovating, and selling properties.
With a simple approval process and flexible terms, our loans help investors stay competitive in fast-moving markets.
About Our Georgia Hard Money Loans
Coastal Capital Lending specializes in asset-based lending, with a focus on the property’s value rather than the borrower’s credit history.
Our hard money loans in Georgia provide real estate investors with a fast and efficient way to finance fix-and-flip projects, rental property acquisitions, and renovations. Our process is streamlined to meet the needs of active investors, unlike traditional bank loans that require extensive paperwork and long approval times.
We offer financing for up to 90% of the property purchase price and 100% of renovation costs. Loan terms extend up to six months. This allows investors to complete projects quickly without long-term financial commitments.
Benefits of Reliable Georgia Hard Money Loans
Investors using hard money loans gain several advantages that can accelerate project timelines and improve profitability. Some key benefits include:
- Quick Funding: Real estate hard money loans provide fast access to capital, often within days. This speed allows investors to secure properties before competitors and start renovations without delay.
- High Loan-to-Value Ratios: With up to 90% of the purchase price and 100% of rehab costs covered, investors can preserve their own capital for additional opportunities.
- No Prepayment Penalties: Many Georgia hard money loans allow early repayment without fees. This gives investors the freedom to pay off the loan once the property is sold or refinanced.
- Interest-Only Payments: During the loan term, interest-only payments help keep expenses low. This allows investors to manage cash flow effectively while completing renovations.
- Asset-Based Lending: Instead of relying on credit scores and income history, these loans are based on the value of the property itself. They are an accessible financing option for investors of all experience levels.
How It Works
Securing a real estate hard money loan in Georgia is a straightforward process. Here’s how it works:
- Application: Submit an application with property details and renovation plans. The lender evaluates the project’s viability based on its after-repair value (ARV).
⦁ Property Evaluation: The lender conducts a property review to determine funding eligibility based on the ARV.
⦁ Approval and Funding: Once approved, funding is released quickly, often within 72 hours after receiving a clear title. This allows investors to close deals without delay.
⦁ Renovation and Draw Requests: Investors can request draw disbursements as needed for renovation expenses, keeping projects on schedule.
⦁ Loan Repayment: After completing the project, the loan is repaid upon selling or refinancing the property. Loans without prepayment penalties allow repayment flexibility.
Why Choose Coastal Capital Lending?
Coastal Capital Lending stands out as a trusted private money lender in Georgia. We offer many benefits for real estate investors:
- Local Expertise: We understand the Georgia real estate market and offer tailored financing solutions designed to meet the needs of local investors.
- Fast Approvals: Our streamlined process allows for quick approvals and funding in as little as 72 hours after receiving a clear title.
- Flexible Terms: We offer flexible loan terms with no prepayment penalties and interest-only payments. We make it easier to manage your cash flow throughout the project.
- Transparent Process: We believe in clear and transparent communication. That’s why we provide you with upfront pricing and clear loan terms to avoid any surprises.
If you have any inquiries about our hard money loans, feel free to contact us today at [email protected] or call 843-849-4007.