5 Reasons to chose Atlanta Private Lending as your preferred Hard Money Lender
1- Common Sense Underwriting
This goes without saying, but there are a lot of lenders in the market currently acting like hard money lenders, who are really trying to do bank loans with higher rates and fees. We have always prided ourselves on our common sense underwriting and believe this is the most important core component to the hard money lending business.
2- No minimum credit score required
Yes, you read this right. We do not require you to have a 630, 650 or 680 credit score, or higher. This goes back to common sense underwriting. We want to see our clients can repay our loans and have some real estate experience, but we understand that “stuff” happens and sometimes it may hurt your credit … and it could be “stuff” from years ago!
We may want to see your credit, but it’s really only to determine patterns, and make sure nothing is on your credit that could negatively affect the sale of your property when completed.
3- Draw reimbursement – in Atlanta market
Atlanta Private Lending’s goal on the draw process is to turn your request around in 24 hours; not 2-5 days like other lenders. Your request is scheduled immediately with our inspector, and in most cases he will call for the wire release from the site, unless there is reason for concern or changes to the original scope of work.
4- Programs for all types of scenarios
Residential Rehab, New Construction, Purchase, AS IS cash out loans, Rental property, Commercial Bridge Lending and Land loans are all available.
Earlier I referenced the fact that a lot of “hard money” lenders have come into the market and may offer 1% lower in fees, 1% lower in rates, but in reality they have lost the ideals that led them to hard money lending. We have 14 years of experience doing “Hard Money” loans, and since we started Atlanta Private Lending in 2008 we have consistently grown as a company, year after year. Through market changes, through competition coming into town saying they will put us out of business with their low rates and fees, we continue to grow and get stronger. This is because we do it right and have a far superior level of customer service. Just because someone offers 1% less in rate doesn’t mean that’s the lender you want to work with. The question you have to ask is “Will that lender be there for you when you need them?” This business is much more than just lending money, many people do that, but most don’t do it the “common sense” way.
At the root of this we have stayed the course and really kept our program the same. What got us here will keep us here, and that is consistency. We will consistently strive to give our clients the best service in town and we hope that we will continue to be your preferred Hard Money Lender.
For more information on our loan programs visit us online at www.atlantaprivatelending.com
Atlanta Private Lending, LLC
410 Peachtree Parkway
Building 400 Suite 4245
Cumming, GA 30041