About Peach Stone Capital
Headquartered in Atlanta, GA, Peach Stone Capital is a private money lender providing loans in Atlanta. Their lending focus is primarily on short term fix and flip loans. Their lending guidelines are flexible, including rates starting at 14%, terms up to 1 year, and loan amounts starting from $30,000 with a maximum LTV of 65%. They will lend funds to all borrowers based on the property value and do not require a minimum credit score. They will consider various loan scenarios but generally focus on single family units.
Loan Types Offered: Fix and Flip Loans
Property Types Covered: Single Family
Areas Served: Atlanta, Cobb County, DeKalb County, Fulton County, Gwinnett County, Forsyth County, Hall County, Cherokee County, Clayton County
Lending Guidelines for Peach Stone Capital
Below are the general loan guidelines published on the Peach Stone Capital website. Please confirm all terms and rates directly with the lender.
Fix and Flip LoansLoan Amounts: $30,000 and up
Available Rates: 14%
Typical Terms: 12 months
Points Charged: 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: NO
Time to Close: 5 - 7 Days
The following loans are for education purposes only. They do not represent actual loans executed by Peach Stone Capital.
Loan Example 1
Molly closes on a $370,000 renovation project in Atlanta, GA, using a hard money loan from Peach Stone Capital. The borrower will be required to bring 30% of the sales price in cash to closing based on a 70% loan-to-value set by the lender. This makes the principle note from Peach Stone Capital $259,000. The terms of the deal dictate a 14% note for 12 months. They also stipulate a 1 point origination fee, that will also be paid at closing.
The borrower must contribute a total of $32,400 upon closing to cover the $111,000 down payment in addition to the $2,590 origination fee. she will then pay $3,022 monthly to Peach Stone Capital. Assuming she sells the renovated house for $555,000 at the end of the 12 month term, her total profit (not accounting for rehab costs) would be $146,150. This is computed by taking the sales price ($555,000) and subtracting the principle ($259,000), the origination fee ($2,590), the cash she contributed to closing ($111,000), and the total interest expenses ($36,260).
Loan Example 2
Micheal is a an investor in Atlanta, GA. He locates an older townhouse for a renovation project and takes a fix and flip loan from Peach Stone Capital with the following paramters:
a) A $370,000 purchase price, b) a 55% loan to value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 4% origination fee.
After the rehab project is complete, if Micheal sells the property for $462,500, the numbers would be the following:
$462,500 sales price
- $203,500 principle on note (55% LTV)
- $166,500 cash paid at closing (45% on 55% LTV)
- $8,140 origination fee (4% of the $203,500 principle amount)
- $22,385 interest payments (12 months x 11% interest)
= $61,975 total profit (doesn't include taxes or rehab costs)
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