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Hard money and fix and flip loans in Lawrenceville, Georgia
Loans for suburban rentals, build-to-rent homes and townhomes in Lawrenceville.
The Lawrenceville market for investors
Lawrenceville is the county seat of Gwinnett County, one of the largest and most diverse counties in Georgia, northeast of Atlanta. Most of its housing is suburban, built from the 1980s onward.
Investors hold single-family rentals and townhomes, build new homes to rent, and update older houses near downtown.
Areas investors ask about
- Downtown Lawrenceville: older homes and new townhomes
- Subdivisions along Highway 316 and Highway 20: suburban rentals
- Near Georgia Gwinnett College: rentals for students and staff
Plan for these on a Lawrenceville 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.
- 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 Lawrenceville
| 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 |
Lawrenceville hard money loans: common questions
Yes. Build with a construction loan, then refinance into a DSCR rental loan once the home is leased.
Yes. Association dues are part of the monthly payment we use to work out the ratio.
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 Lawrenceville?
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.