Fix n Flip Lender Sought in Georgia

We are looking at several properties in the Greater Atlanta Metro Area of Georgia, and are currently seeking a lender that will lend on Fix n Flip opportunities. The market in inner-city Atlanta has gone off the charts in the past 6 months. We are needing a licensed lender that can lend on asset based opportunities non-owner occupied in the state of Georgia. No you don’t have to physically be in the state of Georgia, but you do have to have a lenders license in the State of Georgia.

Typical Deal:

Purchase Price: $70,000

Rehab: $75,000

ARV: $230,000

Potential Profit: $80,000 (though 7% needs to be set aside for taxes, title, and real estate fees)

Net Profit: $70,000

Our vast knowledge of the construction industry and the resource pool of contractors and suppliers provide us with an edge from the modern day rehabber, who has never built anything.

Desired Loan Terms

Interest Rate: <12%

90 Days Deferred

Interest Only for 1 year.

90% Purchase Price

100% Rehab Cost