The success story of any hard money lender Atlanta is not a secret anymore. An industrial and financial hub of Georgia, Atlanta is densely populated. The vaulting economy here has encouraged the forward looking residents to make wise investments sans trepidations. This has widened the popularity of hard money and lenders who make the most of the prevailing situation. The investor-friendly loan programs offered here do not expect you to jump through the loop to prove your credibility nor treat you as a bother. The entire procedure of getting a hard money loansanctioned is as simple as running a hot knife through butter.
A hard money lender Atlanta is the best that happened to this urban city. Geared towards building stronger relationships, the lenders have your success in mind. Unlike traditional lending institutions which send a borrower in a tizzy, hard money is just a stone’s throw away. The prospective borrower’s credit score, income, bank balance, employment history or his other liabilities are not considered. What matters most is fulfilling the present need of the borrower. Conventional lending institutions required heaps of paperwork, documentation, lengthy form filling and seemingly eternal waiting for the final verdict which may well eventually turn out to be negative.
Evading breezy explanations, a hard money lender Atlanta makes no tall promises that he cannot keep. The deals are closed before you realize it, with minimum efforts and maximum gains. Although the rate of interest is slightly higher, it is worth it due to ease and speed of transacting. Up to 70% of Loan to Value of the property being collateralized can be bargained for. The commercial hard money lenders in Atlanta are quite liberal, giving a leeway for defaulters for late re-payments. Besides, many programs allow for the first installment of interest payment only after a longer term financing has been arranged or when the property purchased has been further sold.
The short-term loans offered by a hard money lender Atlanta come as a blessing for investors looking for quick-fix solution to their financial problems. Generally foreclosures are unheard of. Qualifying for these funding programs is easy and in today’s bustle of life, opting for hard money is the most sensible choice.