Providing an overview of the active lending landscape in Atlanta, Georgia, catering to the diverse needs of commercial real estate. The average loan amount offered by these lenders stands at approximately $1.23 million, reflecting the robust real estate market prevalent in the city.
Atlanta’s lending institutions predominantly focus on financing residential and land deals, with office, retail, and multifamily properties also in their portfolio. The loan-to-value (LTV) ratios typically average around 70%, ensuring substantial financial support for property acquisition and development. Origination fees range between 1-2%, offering flexibility to suit individual borrower requirements.
Notably, the starting interest rate for a 5-year fixed product falls within the range of 7.05% to 7.17%, representing competitive lending options. Debt funds facilitate faster loan closures, typically within 2 to 4 weeks, while community and regional banks generally require a longer processing time, typically spanning 30 to 60 days.
Certain lending institutions in Atlanta may have membership restrictions tied to specific credit unions or banks. These various lending options reflect the commitment of these institutions to provide accessible and competitive financing solutions for businesses operating within Atlanta’s dynamic real estate market.
