Southeast Private Lending

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!!