Southeast Private Lending


[Total: 19    Average: 2.7/5]

Phone: 404-259-9416

Address: 100 Galleria Pkwy SE Ste 1170, Atlanta, GA 30339

Website: http://www.southeastprivatelending.com

Email: hardmoney@southeastprivatelending.com

States They Lend In: Georgia

 

  • Immediate Hard Money Loans From 50K to $100 Million
  • Up to 65% LTV
  • 13-16% Interest, 5-10 Points in Fees
  • Any Credit O.K.
  • FULL DOC, LIGHT DOC & NO DOC Loans
  • Answers within 24-48 hours
  • FAST CLOSINGS – within 5 days!
  • Borrower Assistance Programs
  • In-House Financing Available
  • Referring Brokers Protected

 

Residential Loan Programs:

We offer first and second position notes and HELOCs to 60-65% LTV, with any fico score. Higher loan amounts available with cross collateralizations and or seller carry backs.

 

Commercial Loan Programs:

We offer first and second position notes to 65% LTV with any fico score. Bankable properties to 75% LTV. Higher loan amounts available with cross collateralizations and or seller carry backs.

 

Land and Manufactured homes:

We offer first and second position notes and HELOCs to 40% LTV (on a case by case basis) with any fico score. Higher loan amounts available with cross collateralizations and or seller carry backs.

 

Purchase:

60-65% of purchase price. Not ARV with any fico score. Higher loan amounts available with cross collateralizations and or seller carry backs.

 

Rates:

In Private money rates are market driven. In general our rates for first position loans range between 10%-11.99% for Owner Occupied properties and 10%-13% for Non-Owner Occupied properties. Our Second position and HELOCs start at 16%.

SPL provides first and second short, intermediate, and long-term mortgage real estate financing for a variety of real estate circumstances. Our expertise and financing includes almost every type of income-producing real estate property, including:

 

• Multifamily Residential/Garden Apartments
• Multifamily w/retail stores above
• Single Family Residence
• Office
• Mixed Use
• Gut Rehab Projects
• Residential Condominium
• Retail stores
• Industrial
• Warehouse
• Motel/Hotel
• Church
• Single Tenant
• Self-storage facilities
• Special Purpose Properties

• and other commercial and residential real estate related projects.

 

Guidelines:
– 60%-65% LTV for most Properties with structures.
– 40%-45% LTV for most Land loans (improved only).
– No Credit Scoring.
– No Appraisal Needed to start.
– Currently in Bankruptcy – O.K.
– Currently in NOD – O.K.
– No up front fee for Site Reviews (Residential)!
– PAR pricing – (this includes broker and processing fees).
– FAST turn times!!

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