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Hard money and fix and flip loans in East Point, Georgia
Loans for brick ranches and bungalows to renovate and long-term rentals in East Point.
The East Point market for investors
East Point sits just south of Atlanta, close to Hartsfield-Jackson Atlanta International Airport and on the MARTA rail line. Its housing is mostly early 1900s bungalows near downtown and postwar brick ranches.
Investors renovate houses for buyers priced out of Atlanta’s southwest neighborhoods and hold long-term rentals for airport and logistics workers.
Areas investors ask about
- Near downtown East Point: older bungalows to renovate
- Jefferson Park and Frog Hollow: established streets close to Atlanta
- South East Point: brick ranches to renovate and rent
Plan for these on a East Point deal
- Georgia taxes real estate on 40% of fair market value, and investment property gets no homestead exemption or cap on yearly increases. A recent sale price usually becomes the new value, so budget taxes on what you pay.
- Georgia’s transfer tax is $1 per $1,000 of price, usually paid by the seller. A long-term mortgage note adds intangible recording tax of $1.50 per $500 of the loan, up to $25,000; short-term notes are generally exempt.
- Older houses often sit on crawl spaces, where moisture, wood rot and termites are common. Get a full inspection and a termite letter before you set the rehab budget.
- Hail, wind and falling trees drive insurance costs, and an older roof or wiring can raise the premium. Get a quote before you make an offer.
Loans available in East Point
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of single-family rentals, duplexes, townhomes and small multifamily | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a home, a duplex, a build-to-rent home or a small apartment building, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
East Point hard money loans: common questions
Yes. We finance fix and flips, rentals and construction across East Point and south Fulton County.
Yes. A DSCR loan is approved on whether the rent covers the payment, including taxes and insurance.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are conducted by a Georgia closing attorney.
Looking at a property in East Point?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.