Atlanta Hard Money Lending Explained

The money-lending scenario in which the property used as collateral is of more interest to the lender than the borrower's ability to pay is known as Atlanta hard money lending. This is a very specialized, short-term type of lending, also known as a bridging loan. This situation is more expensive to the borrower than more traditional lending scenarios.

The capital of the American state of Georgia is Atlanta. The state capital is approximately 250 miles inland in the upper left-hand quadrant of the state. The Atlantic coast is a three to four-hour drive. Poised at the intersection of two railroad lines, the city was established in 1837. It is known in international economic circles as an alpha world city. It has a gross domestic product of $270 billion.

The population of Atlanta is around 430,000 as recorded at the census in 2010. It has a population density of 3,188 people per square mile. The city is served by two interstate highways. These are I-20, which runs east-west, and I-85, which lies north-south. Public school districts, Emory University and Delta Air Lines make up some of the top employers in the metropolitan area. There are three professional ball teams in the city - The Braves baseball team, the Falcons NFL football team and the Hawks basketball team.

Hartsfield-Jackson Airport is only a 15-minute drive from the center of town along I-85. In terms of passenger traffic, it has been the world's busiest airport since 1998. In 2012, it accommodated 95 million passengers. The airport opened to passenger traffic in May of 1928. Delta Air Lines has made Hartsfield-Jackson its hub.

One of the oldest, most mature and established neighborhoods is Mozley Park, built in the 1920s. Homes here tend to be mostly Craftsman bungalows and Folk Victorian cottages. The bungalows rarely have driveways. The Folk Victorian style, a blend of English classic with American homestead, is named after the Franco-British custom of naming architectural genre after the monarch who is reigning at the time. In this case, the monarch was Queen Victoria of England.

American Craftsman was a genre from the British Arts and Crafts movement in the middle of the 19th century. It remained popular until the 1930s. This was a time when skilled workmanship was more important than rapid erection. Consequently, homes in this style were available only to the upper classes.

These are just two of the housing styles that might form collateral for Atlanta hard money lending. The city is a cornucopia of interesting architectural styles. Federalist, Georgian and ante-bellum styles speak to the area's Spanish and British heritage. Other styles include American Colonial, Neo-Classical and Neo-Mediterranean.

Tom G. Honeycutt is a full-time real estate entrepreneur in Atlanta, GA. Tom helps readers by providing practical and useful knowledge to better understand lending choices. If you are looking Commercial Mortgage Lender Loans | Atlanta, GA He suggests you check out the website iFund International