July 19, 2014 01:08 Filed in:
Lending & FinanceQ: What is “hard money” lending?
The term “hard money” is often used in real estate investment discussions. Essentially, it refers to non-traditional financing. Hard money loans are typically short term loans with relatively high closing costs and above market interest rates. These are commonly used for distressed property situations and rehab projects where traditional funding is not available. Hard money lenders will typically, but not always, require a first lien position in the property. When a first lien position is not available, hard money lenders will generally require that there is substantial equity beyond the amount of the new loan.
CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Building 15, Suite 120
Atlanta, GA 30305
Tel. +1 (404) 476-3736
email: chris@GeorgiaTitle.com
web: GeorgiaTitle.com | GetMyGFE.com
Tags: Hard Money Loan, Hard Money Lenders
July 15, 2014 01:09 Filed in:
Real Estate Law | Real Estate FormsDue Diligence Period in Georgia Real Estate Contract
CHRIS PAHL
Real Estate Attorney
3575 Piedmont Road NE
Suite 120
Atlanta, GA 30305
Tel. +1 (404) 476-3736
email: chris@GeorgiaTitle.com
web: GeorgiaTitle.com | GetMyGFE.com
Tags: Due Diligence Period
July 13, 2014 01:09 Filed in:
Title Insurancethe type of title insurance that will protect the owner and heirs is called a(n) Read More...Tags: Land Title Insurance, Owner's Title Insurance