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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 city has a population of 443,000 people as of the 2010 census. The population density is roughly 3,200 per square mile. Among the top employers are public school districts, Delta Air Lines and Emory University. Atlanta is criss-crossed by two interstate highways, I-85, running north and south, and I-20, running east and west. The city is home to three professional sports teams: the Braves (major league baseball), the Falcons of NFL football and the Hawks (basketball).
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.
Mozley Park is a mature, well-established neighborhood built in the 1920s. Homes are mainly Folk Victorian cottages and Craftsman bungalows without driveways. The Folk Victorian style is a combination of the American homestead style with English classic cottage. The name follows the French and English convention of naming architectural styles after the reigning monarch, in this case, Queen Victoria.
The American Craftsman genre evolved out of the English Arts and Crafts movement in the 1860s and remained popular for 60 or 70 years. At this time, skilled workmanship was more highly prized than knocking buildings up in a hurry. Consequently, these homes remained the preserve of the wealthy.
These are only two of the potential styles of housing that might be used as collateral for Atlanta hard money lending. The entire city is an abundance of fascinating architectural genres. Among these are Neo-Classical, American Colonial and Neo-Mediterranean. The area's British and Spanish heritage speaks to Georgian, Federalist and Ante-bellum styles of construction.
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 city has a population of 443,000 people as of the 2010 census. The population density is roughly 3,200 per square mile. Among the top employers are public school districts, Delta Air Lines and Emory University. Atlanta is criss-crossed by two interstate highways, I-85, running north and south, and I-20, running east and west. The city is home to three professional sports teams: the Braves (major league baseball), the Falcons of NFL football and the Hawks (basketball).
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.
Mozley Park is a mature, well-established neighborhood built in the 1920s. Homes are mainly Folk Victorian cottages and Craftsman bungalows without driveways. The Folk Victorian style is a combination of the American homestead style with English classic cottage. The name follows the French and English convention of naming architectural styles after the reigning monarch, in this case, Queen Victoria.
The American Craftsman genre evolved out of the English Arts and Crafts movement in the 1860s and remained popular for 60 or 70 years. At this time, skilled workmanship was more highly prized than knocking buildings up in a hurry. Consequently, these homes remained the preserve of the wealthy.
These are only two of the potential styles of housing that might be used as collateral for Atlanta hard money lending. The entire city is an abundance of fascinating architectural genres. Among these are Neo-Classical, American Colonial and Neo-Mediterranean. The area's British and Spanish heritage speaks to Georgian, Federalist and Ante-bellum styles of construction.
About the Author:
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 Atlanta Hard Money Lending Investors, Georgia He suggests you check out the website iFund International
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