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An Introduction 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.

Atlanta is the capital of the American state of Georgia. Although the state itself has an Atlantic shoreline, the capital is located in the northwest quadrant of the state, 250 miles away from the coast. The drive time between the state capital and Savannah, Georgia, on the coast, is approximately three and a half hours. Atlanta was founded in 1837 and evolved around the intersection of two railway lines. It is considered an "alpha" world city with a gross domestic product of 270 billion dollars.

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 neighborhoods in the city is called Mozley Park. It was built in the 1920s and is composed largely of Craftsman bungalows, most of which do not have a driveway. The other prominent architectural genre in this neighborhood is Folk Victorian, a blend of American homestead inspired by English classic cottage. The name of this style uses the British and French traditions of naming styles of architecture after the currently reigning monarch. Here, the monarch is Queen Victoria.

The American Craftsman style emerged out of the British Arts and Crafts movement in the late 1860s, lasting until the 1930s. During this period, skilled craftsmanship was favored over mass production. As a result, these homes were accessible only to the well off, known at the time as "champagne socialists."

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.




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