A Guide To Atlanta Hard Money Lending

By Tom G. Honeycutt


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.

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.

There is an international airport, Hartsfield-Jackson, 15 minutes south of the city center. It may be surprising, but the Hartsfield-Jackson is the busiest airport in the entire world in terms of the number of passengers it handles. In 2012, it served 95,000,000. The first passenger flight out of the airport was in 1928. It is the hub of Delta Air Lines, which also runs flights to the United Kingdom.

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.




About the Author:



No comments:

Post a Comment