Atlanta, GA Fix & Flipper (8-10) Seeking Private Financing

[Jeff Studer]

Hello BP Members-

I am working with a prominent short term Fix & Flipper based in Atlanta, GA who completes roughly 8-10 projects/month.  He uses Hard Money for some projects but prefers Private Lenders if possible. 

- Typical APR on is 10-11%

- Average Project Time is 1.5-2 Months

- Average Time on the Market Until Sold (via retail/FMLS) is 1.5-2 Months

- Average Capital Needed Per Project is 150K

- Can use Cash or Self Directed IRA and can roll funds over from one project to the next to yield a full year or more of accrued interest

- The property itself is used as collateral and lender is in first lien position.  

- Company utilizes strict purchase guidelines. 20-25% LTV, post rehab, is typical.

- Company has fix/flipped over 600 properties in the last 11 years and will be featured in the upcoming season of a well know "flipping show" on HGTV.

If you are interested in being a sole or partner, private lender for upcoming projects, please contact me so that we can discuss details and answer any questions that you may have.  If you would like a hard copy investment prospectus, just send me your address.

Thank you,

Jeff