Atlanta hard money lending is defined as a specialized, short-term form of lending that relies on real estate as collateral. In this case, the value of the collateral has a higher weighting than the status or ability to pay on the part of the borrower. Because this type of loan does not employ traditional credit guidelines, it is more expensive.
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.
There are almost 450,000 as determined at the census in 2010. There are approximately 3,200 per square mile. Atlanta is bisected by two interstate highways, I-20 running east/west, and I-85 running north/south. The city hosts three professional sports clubs: the Hawks (basketball), the Braves (major league baseball) and the NFL football team, the Falcons. The top local employers include Delta Air Lines, Emory University and several public school districts.
Hartsfield-Jackson International Airport is a short distance from downtown via I-85. Perhaps surprisingly, it is the busiest airport in the world in terms of the numbers of passengers, 95 million in 2012. The airport is the job of Delta Air Lines and opened in May 1928.
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.
The diversity of housing styles here are attractive collateral for Atlanta hard money lending. Among the various genres are Georgian, Federalist and antebellum, derived from the combined British and Spanish heritage of the city. Other styles here are Neo-Mediterranean, Neo-Classical and American Colonial.
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 for Hard Money Commercial Loan Lenders | Atlanta, GA He suggests you check out the website iFund International