Atlanta Private Lending

About Atlanta Private Lending

Headquartered in Cumming, GA, Atlanta Private Lending is a hard money lender providing funding throughout Atlanta. They provide loans for many different needs and situations, including refinancing, hard money construction loans, and short term fix and flip loans. Their lending guidelines are versatile, including terms up to 1 year, rates starting at 14%, and loan amounts ranging from $20,000 to $5,000,000 with a maximum LTV of 65%. They primarily provide funding on single family homes and multi-family.

Loan Types Offered: Fix and Flip Loans, New Construction Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family

Areas Served: Atlanta

Lending Guidelines for Atlanta Private Lending

Below are the general loan guidelines published on the Atlanta Private Lending 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 Private Lending.

Loan Example 1

Ruthie finds a duplex in Atlanta, GA to flip and resell. Since she doesn't have enough cash to buy the $330,000 property outright, she decides to take out a private money loan from Atlanta Private Lending. As the lender agrees to a 55% loan-to-value, Ruthie will have to put 45% down so the principle amount of the loan will be $181,500. The loan also has these features: 1) a 12 month term, 2) a 11% interest only note, and 3) a five percent origination fee.

On top of the $9,075 origination fee, Ruthie will also have to fund $148,500 of the purchase with her own cash, or 45% of the purchase price. After the loan closes, she will pay Atlanta Private Lending $1,664 in monthly interest fees, or 11% multiplied by $181,500 divided by 12 months in the year. Ruthie's intention is to finish the remodel by the end of the 12 months and resell it for $396,000. If she succeeds she will make a total profit of $36,960 ($396,000 sales price - $181,500 principle - $148,500 funds brough to closing - $9,075 origination fee - $19,965 in total interest.

Loan Example 2

Atlanta Private Lending makes a hard money loan to Lester for a rehab project in Atlanta, GA. The loan includes the following:

a) A $370,000 purchase price, b) a 60% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 2% origination fee.

Lester intends to sell the project at the end of the term for $536,500. If he accomplishes his goal, the final numbers will be the following:

$536,500 sales price
- $222,000 note principle (60% LTV)
- $148,000 cash paid at closing (40% on 60% LTV)
- $4,440 origination fee (2% of the $222,000 principle)
- $29,970 interest payments (18 months x 9% interest)
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= $132,090 gross profit (doesn't include taxes or renovation costs)

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