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Hard Money Loans Purchase and renovate Non-owner occupied Single family homes Up to 70% ARV Interest only No prepayment penalty First mortgage lien Fast approval/funding
PeachStone Capital
Give us a call at
Get prequalified today
Looking for a
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We typical close our loans in 7 days or less.
What is your maximum loan to value (LTV)? We can lend up to 70% of the after repaired
value (ARV) of the property
What is the minimum credit score you will accept? Our minimum credit score is 640.
If you have a lower credit score, we may be able to fund your
deal provided you can bring additional money to the closing.
What are your loan origination fees? Interest rates? Our loan origination fees are typically 4 points (4% of the loan amount) and our interest rate is 15%
What types of properties will you lend on? We currently only lend on single family houses in
the metro Atlanta, GA area. We do not lend on multifamily homes,
commercial properties, raw land, or new construction.
We currently only lend in the Atlanta,
Georgia area including the following counties: Cobb, DeKalb,
Fulton, Gwinnett, Forsyth, Hall, and Cherokee.
What is your minimum loan amount? Our minimum loan amount is usually $75,000.00.
We occasionally fund smaller loans, however our minimum loan origination
fee is $3,000.00.
Is an appraisal required? Will you accept a third party appraisal? An appraisal is not required. We do not accept third party appraisals.
We determine the after repaired value (ARV) of the
subject property using a competitive market analysis or comparative
market analysis (CMA). The CMA will use active, pending, and
sold listings from the FMLS/GAMLS to determine the estimated after
repaired value (ARV) based on a cash sale with a 60 to 90 day
marketing period. The comps used in the CMA will be from
similar properties in terms of size, age, condition, construction,
etc. within a radius of 0.5 miles from the subject property that have sold
within the previous 6 months.
Do you charge prepayment penalties? No. Your loan may be paid at any time with
not prepayment penalty. The faster you rehab a property
and sell or refinance it, the more profit you make.
Do you lend money for repairs? Yes we lend money for repairs provided the total
loan amount does not exceed 70% of the after repaired value (ARV)
of the property. Repair money will be held in escrow and
will be released in draws as you complete the renovations on
your property. We will not provide any draw advances.
The borrower is responsible for paying their contractors and
material men.
Do you provide proof of funds letters? Yes, provided you have been pre-approved.
Can anyone live in the house during the course of the loan? No, we only lend on non-owner occupied properties.
Do I need to have a property under contract before applying for a loan? We can pre-approve you for our loan program prior to placing a property under contract.
Do you require a down payment? No, we will finance 100% of the purchase price and
100% of the repairs up to 70% of the after repaired value (ARV) of
the property.
Can the points and closing costs be rolled into the loan? No, the borrower must pay their own points and closing costs.
Are there any upfront fees? Application fees? Inspection fees? We do not require any upfront fees, application
fees, or inspection fees prior to approving your loan. Once we have approved your loan, we will
instruct our attorney (Harlan
and Associates, LLC) to order a title search on the property. The
borrower will be required to pay for the title
search in advance.
Can we close with my attorney or do you require we close with your attorney? All loans will be closed with our attorney (Harlan
and Associates, LLC). The only exception will be when the seller is a bank and
the bank requires that the closing be held at their
attorney's office. In this case, the loan will be closed with our attorney prior the the closing with the bank's attorney.
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PeachStone Capital, Inc. Atlanta's Hard Money Lender
When timing is everything, we close!
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