Friday, 24 January 2014

An Introduction To Atlanta Hard Money Lending

Posted by Unknown at 14:25
By Tom G. Honeycutt


Atlanta hard money lending is a special type of short-term lending using property as collateral. Here, the value of the property is more important than the borrower's status or ability to pay. This type of loan is more costly to the borrower because it is not based on traditional guidelines regarding credit.

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 Airport is only a 15-minute drive from the center of town along I-85. In terms of passenger traffic, it has been the world's busiest airport since 1998. In 2012, it accommodated 95 million passengers. The airport opened to passenger traffic in May of 1928. Delta Air Lines has made Hartsfield-Jackson its hub.

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.

American Craftsman was a genre from the British Arts and Crafts movement in the middle of the 19th century. It remained popular until the 1930s. This was a time when skilled workmanship was more important than rapid erection. Consequently, homes in this style were available only to the upper classes.

These are just two of the housing styles that might form collateral for Atlanta hard money lending. The city is a cornucopia of interesting architectural styles. Federalist, Georgian and ante-bellum styles speak to the area's Spanish and British heritage. Other styles include American Colonial, Neo-Classical and Neo-Mediterranean.




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