Atlanta Commercial Loans

About Atlanta Commercial Loans

Based in Atlanta, GA, Atlanta Commercial Loans is an asset-based lender offering loans throughout the country. They offer loans for a variety of needs and situations, including investment property loans, short term fix and flip loans, and commercial loans. They issue loan amounts up to $5,000,000 with a maximum LTV of 65%, terms between 1 year and 30 years, and rates starting at 6.75% . Their loan guidelines do not include a minimum credit score. They will make loans on all of the following property types: single family homes, multi family residences, apartment buildings, undeveloped land, offices, retail units, industrial facilities, and apartment buildings.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Land, Office, Retail, Industrial, Apartment

Areas Served: National

Lending Guidelines for Atlanta Commercial Loans

Below are the general loan guidelines published on the Atlanta Commercial Loans website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Atlanta Commercial Loans.

Loan Example 1

Janette closes on a $400,000 renovation project in Atlanta, GA, using a fix and flip loan from Atlanta Commercial Loans. As the lender agrees to a 80% loan to value, Janette will have to put 20% down and the total amount of the loan will be $320,000. The loan also has these features: 1) a 6 month term, 2) a 9% interest-only note, and 3) a four percent origination charge.

According to the terms of the loan, Janette will be required to contribute a $12,800 origination fee in addition to 20% of the sales price, or $80,000, since there is a 80% LTV. Once the loan is executed and Janette takes on the project, she will need to begin making monthly payments of $2,400 to Atlanta Commercial Loans ($320,000 principle x 9% / 12 months). At the end of the loan, she sells the renovated house for $560,000. After subtracting the $14,400 in interest payments ($2,400 multiplied times 6 months), the $12,800 origination fee, the $320,000 principle amount on the loan, and the $80,000 she contributed to closing, she will make a gross profit of $132,800 ($560,000 price minus $427,200 in costs). This amount would be reduced by any building costs paid by the borrow.

Loan Example 2

Dale finds a property in Boston, MA to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Atlanta Commercial Loans with the following parameters:

a) A $370,000 purchase price, b) a 50% loan-to-value (LTV), c) a 6 month term, d) a 11% interest rate, and e) a 5% origination fee.

Dale plans to sell the property at the end of the term for $444,000. If she succeeds, the final numbers would be as follows:

$444,000 sales price
- $185,000 principle on note (50% LTV)
- $185,000 down payment (50% on 50% LTV)
- $9,250 origination points (5% of the $185,000 principle amount)
- $10,175 interest payments (6 months x 11% interest)
-----------------------
= $54,575 total profit (doesn't include taxes or rehab costs)

No Reviews Yet

Atlanta Commercial Loans currently has no reviews. To add a review now, click the link below:

Write a Review for Atlanta Commercial Loans