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Hard Money Loan Terms
The Basics
| Geographic Area |
Atlanta, Georgia |
| Property Type |
Residential non-owner occupied single family homes |
| Loan Size |
Up to $500,000 |
| Loan Term |
6 Months |
| Prepayment Penalty |
None |
| Lien Position |
First lien only |
| Money Down |
25% to 50% |
| Credit Score |
No minimum but interest rate will vary |
| Lien Position |
First lien only |
The Program
| Down Payment |
25% to 50% |
| Interest Rate |
15% to 18% depending on credit, interest only, paid monthly |
| Loan Fee |
5 points or $4,000 minimum |
| Loan-to-Value |
Up to 70% of the After Repaired Value (ARV) |
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