Hard money rehab loans for non-owner occupied homes in the Atlanta metro area
- Hard money rehab loans up to 65% of the after repaired value (ARV)
- Close in 7 days
- No minimum credit score
- Pay no interest on repair money until drawn
- Unlimited weekly draws
- Interest only payments with no prepayment penalty
- Direct lender
- Same day pre-approval letters
- No up front fees, appraisal fees, or junk fees
- Non-owner occupied single family houses
Lender can finance 100% of your deal including purchase and rehab costs up to 65% of the after repaired value.
Geographic Area: Atlanta and surrounding counties (Cobb, DeKalb, Fulton, Gwinnett, Forsyth, Hall, and Cherokee)
Property Type: Residential non-owner occupied single family homes
Loan Size: $30,000 – $250,000
Loan Term: 6 months (can be extended)
Prepayment Penalty: None
Lien Position: First lien only
Loan Pricing Matrix Credit Score < 600 600 - 649 650 - 700 700+ Loan to Value 60% ARV 65% ARV 65% ARV 65% Interest Rate 18% 15% 15% 15% Origination Fee (min $4,000) 6 points 5 points 5 points 5 points Down Payment 20% 15% 10% 5%
- Higher loans are available on a case by case basis
- The loan term can be extended up to 12 months on a case by case basis (additional fees apply)
- Rates and terms subject to change without notice
- Loan to Value (LTV) based on the After Repaired Value (ARV)
- Loan origination fee: 5 points = 5% of the loan amount
- Minimum loan origination fee = $4,000 or 5 points, whichever is greater
- Down payment is based on total purchase, repair/improvement, and closing costs up to max LTV, minimum downpayment = $5,000
- Out of state investors minimum down payment = 15% (minimum $8,000)
- Corps/LLC min downpayment = 20% (minimum $10,000)
See other GA Private Money Loan Programs
Company: Peachstone
Disclaimer: all information herein is believed to be correct, but we do not guarantee its accuracy and rely on prospects to rely only on their own investigations.