Georgia Private Money Lenders
Seeking a private money loan secured by real estate in Georgia? On this page you'll find a list of direct private money lending companies that offer fast funding for a Georgia property purchase, refinance, or equity cash out in 1st lien position. Private money loans are for short-term (3-24 months) and primarily qualify based on equity in the subject property, at least 30% for most lenders. Scroll below the lender list.Searching...
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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 Private Money Interest Rates
According to the private money loan documents software company, Lightning Docs, the average interest rate for Georgia private money loans in the 1st quarter of 2024 was 11.76%. The average loan amount was $334,537. These stats are the average of 214 short-term loans (including bridge, rehab, and ground-up construction) funded for investment properties in Georgia between January 1, 2024 and March 31, 2024 by multiple private lending companies 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 private money loans in the 1st quarter of 2024 was 11.00%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for private money loans in Georgia was 64%, and the average loan amount was $272,490. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Georgia Private Lenders
According to Forecasaâ„¢, here are the Top 10 Private Lenders ranked by the number of private mortgage loans originated in Georgia in the last 12 months from March 2024.
- Kiavi
- Easy Street Capital
- Lima One Capital LLC
- RCN Capital LLC
- LendingOne
- Groundfloor Real Estate LLC
- SkyBeam Capital
- Bridgeway Lending Partners LLC
- Temple View Capital
- ROC Capital
Forecasaâ„¢ provides analytics data for Georgia private lending on a quarterly basis. You’ll find their top lenders data for many other states on our platform.
Private Money Loan Transactions in Georgia
Private Money Loan for Multifamily Rehab in Savannah, Georgia
$679,500
Navigator Private Capital, a private real estate lender, funded a $679,500 1st lien position private money loan to fund a beautiful multi-family rehab project in Savannah, GA. The Borrower needed funding to renovate the existing six individual units with the intent to turn the property into a short-term vacation or student housing rental. Located a block from Savannah’s meeting grounds at Forsyth Park, close to the Savannah College of Art and Design, the property is in a prime rental location. The LTV for the project was 58% with an after-repair value of $1.1M. The Borrower used their $155K repair budget to replace the flooring throughout, update each kitchen with new cabinets, countertops and appliances and refresh the paint and trim. This private money loan was funded in November 2019, and the rehab took four months to complete.