Paces Funding is hard money lender offering loans for the purchase or renovation of non owner-occupied residential or commercial properties throughout the metropolitan area (including Atlanta, Nashville, Florida and the Carolinas). Our competitive rates and our willingness to work around our clients’ unique circumstances make us one of the best hard money lenders – and we can help you get the financing you deserve.
6 – 12 months
No prepayment penalties.
USE OF PROCEEDS:
Loans are made for investment purposes only. Cash out refi also available.
LOAN TO VALUE (LTV):
Loan amounts can be up to 65% of the ARV value of the collateral. If the loan is used for renovation or construction, the loan amount can be based on the improved value. Repair funds are held in escrow and are disbursed once construction milestones are reached.
Rates vary from 13-15% per annum, interest only, depending upon collateral and loan structure.
Borrower must contribute 15% of project cost
Fees of 4-5% of the loan amount. (minimum fee may apply)
Hard Money Lenders IO is a Private Lending Company providing loans to real estate investors and entrepreneurs. We give quick and easy loans to help you overcome your financial barriers. We offer tailor-made loans to suit your specific needs.