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Hard money and fix and flip loans in Stone Mountain, Georgia
Financing for lower-priced houses to renovate and long-term rentals in the Stone Mountain area.
The Stone Mountain market for investors
The Stone Mountain area, east of Atlanta around Stone Mountain Park, takes in the small City of Stone Mountain and large unincorporated areas of DeKalb and Gwinnett counties. Most homes are 1970s and 1980s split-levels and ranches.
Investors buy houses at prices below much of the metro area and renovate them for resale or hold them as long-term rentals.
Areas investors ask about
- The historic village: older homes near downtown Stone Mountain
- Unincorporated DeKalb: split-levels and ranches to renovate and rent
- Toward Snellville and Lilburn: newer subdivisions
Plan for these on a Stone Mountain 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.
- Many newer subdivisions have association dues, which count in the payment, and some limit leasing or short-term rentals.
- 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 Stone Mountain
| 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 |
Stone Mountain hard money loans: common questions
Yes. We finance fix and flips, rentals and construction across the Stone Mountain area.
Yes. We lend up to 90% of the purchase and 100% of the rehab at a 720+ credit score.
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 Stone Mountain?
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.