Fix & Flip Loans In Georgia

Georgia: A Top Choice For Fix & Flip Investors

Post-pandemic migration funneled residents out of the north and into the south, particularly in Georgia where there is lower cost of living and a thriving economy. As Georgia’s population increases, as does the demand in the housing market, creating new possibilities for fix and flip investors. This growth has attracted experienced fix and flip lenders Georgia investors trust for their projects. According to ATTOM Data, 5 of the top 10 counties in the U.S. with highest flipping rates in Q1 of 2024 were in Georgia. Cobb and Houston Counties both experienced flipping rates accounting for 20% of homes sold, while Clayton, Douglas, and Bibb Counties just behind with more than 18%.

As leading Georgia fix and flip lenders, Asset Based Lending is committed to delivering the best loans for property flipping projects by providing flexible underwriting and closing deals in 10 days or less. Our team of experienced fix and flip lenders in Georgia works quickly and efficiently to ensure our borrowers never miss an investment opportunity.

Fix & Flip Loan or Conventional Mortgage?

When you buy a residential property to rehab and sell, you have various house flipping loans you can choose. The right one can make all the difference in how you fast you complete the project. Many people apply for a conventional mortgage or an FHA-backed 203k loan to provide the money they need to buy the property and fix it. Since these mortgages are generally targeted at owner-occupied properties, they emphasize credit rating and ability to pay the loan over time. This makes the underwriting process take much longer-up to several months.

By comparison, fix and flip loans come from a private money lender and primarily uses the viability of the project to determine eligibility. This allows loans to be approved quickly—as fast as 48 hours in some cases. The short-term loan is designed to get you the money you need at the exact time you need it. Investors get a lump sum to buy the property, then periodic draws to pay for work according to the project timeline. Terms for these hard money estate loans are usually different from conventional mortgages, with higher interest rates and larger down payments. However, there are no penalties for early payoff, allowing investors to finish their project quickly and move on to the next one!

Benefits of Hard Money Loans

Are you wondering how to get financing to flip a house? With many loan options available, it’s important to highlight the advantages of borrowing from a hard money lender to help you make an informed decision. Each real estate investment is different, so choosing the right loan can save you time, money, and headaches. If you’re interested in fix and flip financing, then hard money loans can offer you fast loan approval. Approval time can make the difference between funding your next success or missing an opportunity. Traditional loans can take up to several months, but hard money loans can take days! Hard money loans are flexible with credit scores and W-2 income by taking your property and plan of action into account, where bank loans are strict about the numbers they will accept.

Hard money loans typically have shorter loan terms, lasting 12 months with no early payoff penalty. The draw money is accessible quickly, as fast as three days from the time it’s requested, which helps avoid project delays. The flexible underwriting and steady access to funding allows investors to scale their business effectively and efficiently. Banks tend to avoid complicated renovation projects and private money lenders can get cold feet, so hard money lenders for flipping houses like Asset Based Lending are a reliable and affordable option.

Why Do Investors Choose Asset Based Lending for the Best Fix & Flip Loans in GA?

As leading fix and flip lenders Georgia real estate investors rely on, our hard money loans offer the reliability of an institution with the speed and flexibility of a private money lender. We provide competitive fix and flip loans in Georgia, understanding how much time and effort these projects take, so we work tirelessly to provide the highest quality service and advice to our borrowers. Our team of experienced Georgia fix and flip lenders are always ready to discuss your project and determine your best course of action, which is why so many investors return to us for multiple fix and flip loans across Georgia!

We customize each loan to match your project, but every ABL loan includes:

• Preapproval within 24 hours of initial prequalification
• Closing within 10 days on average
• Flexible loans sizes from $75K to $10M
• No pre-payment penalties
• Fast draw turnaround
• Direct access to the decision-makers

With our competitive rates and knowledge of the local real estate market, we can help tailor fix and flip hard money loans that best suits your business.

When you are a serious real estate investor, you need fix and flip lenders that work as hard as you do. Contact us today and experience why Asset Based Lending is the best hard money lender.