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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RBI Private Lending
Direct lender, specialized in Bridge, Fix and Flip and Construction. FN and new investors welcome.
Georgia Hard Money Interest Rates
According to the hard money loan documents software company, Lightning Docs, the average interest rate for Georgia hard money loans in the 4th quarter of 2023 was 11.71%. The average loan amount was $364,903. These stats are the average of 190 short-term loans (including bridge, rehab, and ground-up construction) funded for properties in Georgia between October 1, 2023 and December 31, 2023 by multiple hard money lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for Georgia hard money loans in the 4th quarter of 2023 was 10.92%. Lenders charged an average of 2.5% points (origination fee). The average LTV (loan-to-value) for private money loans in Georgia was 64%, and the average loan amount was $236,882. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Funded Hard Money Loans in Georgia
Hard Money Cash-Out Refinance for Rental Home in Greensboro, Georgia
Commercial Capital BIDCO, a direct private commercial real estate lender, closed on a cash-out refinance of a single-family residence in Greensboro, GA. The subject property was a 5-bedroom, 4.5-bath rental home with sweeping views of Lake Oconee, a popular vacation area in Eastern Georgia. The Borrower needed to cash out equity on this property to use for the acquisition of another investment property, and they needed to close in just 3 days due to another lender dropping the ball on the deal last minute. The reports and other documents were ready once we took over the deal and this allowed us to quickly complete the transaction and get the client the funding they needed when they needed it. The requested amount was $1,695,000 and the appraisal value of the property as of October 21, 2021, was $2,600,000. So the loan-to-value of our first mortgage was 65%. The loan term was set at 6 months. The Borrower plans to refinance with conventional financing. At the time of closing, they had an executed 12-month lease agreement. This hard money loan was funded in November 2021