SkyBeam Capital Loan Programs
No-nonsense funding for all your real estate projects
✓ Single Family
✓ Small Multi-Family
✓ Small Commercial
✓ Land Development
Your Georgia Private Lender
We keep things direct and easy so you can get your funds fast
We provide real-estate collateral-based loans. Because we underwrite and make loan decisions in-house, using our funds and not brokering someone else’s, we can adapt our program based on the loan scenario and the risk. We typically lend up to 70% LTV.
Straightforward and flexible parameters
Because we are local, direct lenders and we control the underwriting, these are our guidelines, not rules. Inquire today to discuss your project and we’ll do our best to find a way to help.
Timing to Close: 7 – 21 days
Loan Size: $25,000 – $1,000,000
Purchase Funds: Up to 85%
Rehab Funds: Up to 100%
LTV: Up to 75%
Rate: 10% - 15%
Origination Fee: 3 - 5 points
Term: 6 - 12 Months
Extensions: Available with provisions
Pre-Payment Penalty: No
From fix and flips to ground-up construction,
we have the loan for you
Fix & Flip
Short-term financing for real estate investors buying, renovating, and selling or refinancing for long-term holding
Short-term financing for purchases without rehab funds, or cash-out refinance of stabilized properties
Flexible financing for the acquisition and construction of ground-up projects
Great for wholesalers looking to buy and resell property using a double closing
We make getting your new loan simple at every step
Share some simple project parameters and we’ll give you a quick idea of whether we think it is something we can help with
Approve your terms
We will put together terms that are customized for your project. When we commit to terms, they won’t change
Execute your project
We strive to make the process as easy on you as we want it for ourselves. We’ll be there with you throughout your project
Explore our recent fundings
New borrower investing in their first fix and flip in the Commerce area.
Experienced borrower taking on extensive rehab in the Grant Park area.
First-time investor completing heavy rehab and adding additional square footage in Venetian Hills.
Frequently asked questions
Have a question not listed below? Contact our team today!
Who do you lend to?
We only lend on non-owner occupied properties. We lend to the title holder on the property, which must be a business entity, typically a corporation or an LLC.
What is hard money lending?
Hard, or private, lending is commercial lending on real estate that is generally for short term use to acquire and/or renovate property and is based primarily on the quality of the asset (the property) not the income or credit of the borrower.
Are there minimum credit requirements to obtain a loan?
A borrower’s credit is only a minor factor in our underwriting. We prefer to see a credit score of 620 or better, but the stronger the asset, the less a borrower’s credit matters.
Do you only lend in Georgia?
We are based in Georgia but lend throughout the Southeast. Inquire today to see if your project is in a location that we can help with.
Do you work with brokers?
YES! We are happy to work with brokers and will protect your commission and client relationship. We are in the long-term relationship business, not the short-term transaction business. Click here to learn more and register as a broker.
How much experience do I need to get a loan from you?
More experience will generally mean more favorable terms. We work with experienced investors and first-timers.
Can I prepay my loan before its due date?
Yes, we never charge a pre-payment penalty for our loans.
Will you service my loan post-closing, or will I have to deal with a new company once we close the loan?
We do NOT sell our loans to any third parties, as most lenders do. You will deal with SkyBeam Capital throughout the life of your loan.
What are your fees?
Before we ask for ANY fees, we will have a conversation with you about the property and your plans for it. We’ll give you our initial feeling about your valuation expectations and whether we feel we can do the loan you are requesting, pending other underwriting data. We will give you a formal term sheet that spells out all the details we expect for your loan. Once you approve the term sheet, we charge an application fee to cover our initial property analysis, our credit & background reports on any guarantors, and the cost of getting our attorney to start reviewing title. We have an underwriting fee charged at closing along with our loan origination fee. If you have a construction holdback on your loan (for a rehab), each draw has an inspection fee. You decide how many draws you want to have so you control the number of those fees.
Is my payment interest only (IO) or principal and interest (P&I)?
Most of our loans are interest only, but we may do a P&I loan if we both agree it is a good idea for your circumstances.
How does the draw process work on construction (new construction or fix & flip/refi) loans?
You will pay for and complete work on the property and then call for an inspection. Either the borrower can take photos & videos of the work using a smartphone app, or SkyBeam Capital will send an inspector to the property to evaluate the state of completion of the work according to the schedule planned for the content of the draw. Based on the information in the report, and the inspection method chosen by the borrower, we will fund that draw based on the percent complete within 1-5 business days of the inspection.
Should I add any contingency funds to my budget?
Yes, you should always add 5-10% to your budget to cover the unexpected.
What are origination points or "points"?
Origination points, often simply referred to as "points", are used to calculate an upfront fee that lenders charge to issue a loan. Such an upfront fee allows lenders to avoid prepayment penalties and still make profitable loans. One point is equal to 1% of the loan amount.
What is your down payment requirement?
This will depend on a variety of factors, but generally we require a borrower to come up with at least 15% of the purchase price as a down payment.
Do you require insurance?
Yes. We require both lender’s title insurance and a builder’s risk/homeowner’s insurance policy naming us as the mortgagee and paid for the term of the loan at closing.
Ready to get started?
Your real estate loan is waiting
We’re for borrowers who appreciate a different level of service. Clear answers, clear communication, and confidence in closing in as little as 7 days.