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Nashville Hard Money Loans - A Better Financing Platform

Nashville, Tennessee, is constantly expanding, making it an excellent place to live now and in the future. Groundfloor, Nashville hard money lender, assist you in obtaining the best real estate loans. Please keep our phone number handy if you are working on any type of real estate transaction. You never know when you'll need help getting to the finish line. Contact us: 404-850-9225.

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Nashville Hard Money Loans - A Better Financing Platform

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  1. HOW GROUNDFLOOR AS A NASHVILLE HARD MONEY LENDER GIVES LOANS?

  2. Groundfloor's real estate loans in Nashville make borrowing simple. Get the emergency funds you require as soon as possible. This Platform can assist you whether you are looking to finance your next fix and flip or are interested in investing in Nashville real estate projects.

  3. Groundfloor provides true deferred payment loans for real estate in addition to the more common monthly payment option. This is one of the things that distinguishes Groundfloor as a source of real estate loans.

  4. Borrowers can select the best loan structure for their project because each type of loan has different benefits offered by Groundfloor.

  5. Groundfloor Loans: The Borrower's Point of View The life cycle of a Groundfloor Loan begins the moment it is originated. When a loan application is received and accepted, Groundfloor team uses a proprietary algorithm and over 100 years of combined real estate experience to underwrite and grade the loan for real estate.

  6. The financing covers all aspects of the project, including the fixing and renovation of the home. At Closing, the Groundfloor initial disbursement of money (what they refer to as "pre-funding" the loan) is made to the Borrower in order to begin the project.

  7. Typically, the borrower will use this initial payment to help with the purchase of the property, with the remainder of the loan amount going into an escrow account for the renovation in Nashville.

  8. Following that, the borrower begins to improve the property. A draw schedule is used to distribute funds as the renovation project progresses. As the project progresses, the borrower sends draw requests to be reimbursed for the costs incurred while performing the work. Groundfloor has hired third-party property inspectors to certify the progress of the work. Money is released as each stage is completed.

  9. Following the completion of the renovations, the house is either listed for sale or the loan is refinanced to a longer term. The Borrower repays the loan in full with the proceeds of the sale or refinancing. He will also pay back any interest he chose to defer at this time. Groundfloor, Nashville hard money lenders then reimburse all investors who own a portion of the LRO for that project. The repayment entails repaying the principal plus interest.

  10. Contact Us: Phone no.: 404-850-9225 Email: support@groundfloor.us Address: 600 Peachtree St NE, Ste. 810 Atlanta, GA 30308

  11. Thank You

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