Private Money Lending
For real estate investors in Georgia, access to fast and reliable financing is necessary to capitalize on opportunities. Coastal Capital Lending specializes in private money lending, providing flexible and fast financing solutions for property purchases, renovations, and flips. Our private money loans are designed to help you move quickly on your investment projects with minimal delays and paperwork.
About Our Georgia Private Money Lending Solutions
Coastal Capital Lending specializes in private money lending solutions in Georgia. We provide investors with fast, flexible access to capital based on the value of the property rather than your credit score.
Our private money loans are designed for real estate investors who need quick funding for property purchases, renovations, and fix-and-flip projects. Unlike traditional bank loans, which require extensive paperwork and lengthy approval processes, our approach is efficient and streamlined. This allows you to close deals quickly and move forward with your projects.
We provide financing for up to 90% of the purchase price. Additionally, we cover 100% of renovation costs so that you have the resources to complete your projects without additional funding.
With loan terms of up to six months, you can focus on the property and your investment goals, without the burden of long-term financial commitments.
Benefits of Reliable Georgia Private Money Lending Solutions
Private money loans offer several key advantages for real estate investors in Georgia. Here are some of the main benefits:
- Quick Access to Capital: Private money lenders can fund loans much faster than traditional banks. This allows you to act quickly when you find profitable properties. Funds are often available within days, so you won’t miss out on time-sensitive opportunities.
- High Leverage: Our private money loans provide up to 90% of the purchase price and 100% of renovation costs. This helps you use less of your own capital and take on more projects.
- No Prepayment Penalties: Many private money loans have no prepayment penalties. This allows you to repay the loan early without incurring extra fees, offering flexibility if you sell or refinance the property sooner than planned.
- Interest-Only Payments: With interest-only payments for the duration of the loan, you can keep your monthly expenses lower and free up capital to reinvest in other aspects of your project.
- Asset-Based Lending: Private money lenders focus on the value of the property, not your credit score or income. This makes it easier for experienced investors to secure financing, even if they have less-than-perfect credit.
How It Works
Obtaining private money lending with us in Georgia is a straightforward process. Here’s how it works:
- Application: Start by submitting an application with details about the property you’re looking to purchase and your renovation plans. We’ll review the potential of the property and assess the after-repair value (ARV).
- Property Evaluation: After reviewing your application, we’ll conduct a property evaluation to determine its ARV. This evaluation will help determine the loan amount you are eligible for.
- Approval and Funding: Once approved, funds are released quickly. This allows you to close on the property and begin renovations without delay.
- Renovation and Draw Requests: As you progress with the renovation, you can request funds through a draw process to cover the cost of the rehab.
- Repayment: After the renovation is completed and the property is sold or refinanced, you repay the loan. With no prepayment penalties, you have the flexibility to pay off the loan early without additional fees.
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.