Frequently Asked Questions - Construction Loans for Investors Georgia
Welcome to the Frequently Asked Questions section for CheapLOI - your trusted partner for Georgia construction loans for investors. Below you'll find answers to the most common questions we receive about our ground-up construction financing programs across Georgia
A Georgia construction loan for investors is short-term financing used to cover the cost of building new real estate projects. These loans are commonly used by builders, developers, and investors looking to fund ground-up residential or commercial construction projects across Georgia.
Construction loans typically release funds in stages (called draws) based on construction milestones. In Georgia, private lenders assess the Loan-to-Cost (LTC) ratio, conduct inspections, and disburse funds as work progresses. Once the build is complete, the loan is usually refinanced or paid off through a sale.
To qualify, investors typically need:
– A detailed construction budget and scope of work
– Property plans and permits
– Builder’s experience or contractor license
– Down payment (usually 20%–30%)
– Exit strategy (sale or refinance)
We offer private construction loans across Georgia, including: Atlanta, Columbus, Augusta-Richmond County, Savannah, Macon-Bibb County, Athens-Clarke County, and more.
We offer same-day pre-approvals and funding in as little as 3–7 business days, depending on documentation and inspection timelines. Fast closings are available for time-sensitive projects.
Hard money loans can be used for many purposes like fix and flip projects or purchasing undervalued properties. A construction loan is specifically structured for ground-up development, with draw schedules, builder inspections, and short-term repayment plans.
No. Unlike banks, we focus on the asset, project feasibility, and borrower experience. While credit is considered, it is not the deciding factor. We regularly fund deals for investors with less-than-perfect credi
We fund a wide range of real estate construction projects in Georgia, including:
– Single-family homes
– Multifamily properties
– Townhomes
– Mixed-use buildings
– Commercial properties
Yes. We also offer:
– Fix and Flip Loans (/fix-and-flip-loans/)
– Bridge Loans (/bridge-loans/)
– Ground Up Construction Loans (/ground-up-construction-loans/)
– Commercial Property Construction Loans (/commercial-property-construction-loans/)