Hard Money Loans Edgewood Atlanta

Edgewood runs along Moreland Avenue between Candler Park and East Atlanta Village — 1920s bungalows on Morgan Street, Edgewood Avenue, and Harmony Lane where intown basis still works if mechanical scope is honest.

Hard money loans in Edgewood fund DeKalb acquisitions at 8.9%–14% IO, 7–10 day closes, and Georgia DSCR exits when rent is achieved.

Edgewood geography

Edgewood commercial spine is Edgewood Avenue — Sister Louisa’s, Edgewood Corner Tavern — with residential on parallel streets. MARTA Inman Park-Reynoldstown station is 0.6–0.9 mi depending on block — do not claim walk premium without measuring.

Renters: Grady, Emory, and downtown commuters; house hackers between Candler Park ($340K+ renovated) and EAV pricing.

2026 bands

Asset	Buy	Rehab	Exit
3/1 bungalow	$228K–$268K	$62K–$82K	$318K–$358K or $1,975–$2,200/mo
2/1 bungalow	$215K–$248K	$55K–$75K	$302K–$335K or $1,900–$2,100/mo

Pending confirmation with Jaken: DeKalb vs Fulton line on select Edgewood blocks.

Hard money terms

• 8.9%–14% IO · 85%–90% LTC · 7–10 business day close
• DeKalb County permits — confirm timeline with GC
• Links: Atlanta metro · East Atlanta · GA hard money

Worked example: Morgan St flip-to-BRRRR

Property: 3-bed / 1-bath, 1932, 1,240 sq ft, kitchen 1970s, HVAC failing.

Acquisition: $242,000 · Rehab $71,000 · All-in $313,000

Hard money: 87% LTC → $272,310 at 12% IO

Original flip target: $355K — carry eroded spread over 11 months.

BRRRR pivot: Lease $2,125/mo · Appraisal $338,000 · DSCR 67% LTV → equity extract ~$22K after payoff.

Timeline:

• Month 0: Close, Draw 1 (permits + rough electrical)
• Month 2: HVAC and panel passed — Draw 2 released
• Month 4: Rent-ready, listed $2,125/mo
• Month 5: Leased, appraisal ordered
• Month 6: DSCR refi at 67% LTV — DSCR ~1.03 before renewal bump

Diligence on Edgewood stock

• DeKalb vs Fulton line — wrong permit jurisdiction adds 3–5 weeks to mechanical scope
• Knob-and-tube on 1930s bungalows — budget full panel + partial rewire before kitchen draws
• Foundation — clay soils on Harmony Lane blocks; crawl-space inspection on pre-1940 stock
• Flood plain — select blocks near Freedom Park adjacency; verify FEMA zone in title
• Lead paint — EPA-compliant renovation on pre-1978 stock if children occupy at lease-up
• Separate meters — confirm landlord-paid utilities excluded from DSCR NOI

Comp discipline

Do not comp Candler Park or Inman Park onto Morgan Street Edgewood — appraiser cuts $25K–$40K. East Atlanta comps are adjacent but bar-corridor premium differs.

Draw schedule: Morgan Street bungalow rehab

DeKalb County rehabs on 1930s stock follow mechanical-first sequencing — panel and HVAC before cosmetics.

$71,000 rehab — typical draws:

1. $14,200 (20%): Permits, demo, rough electrical, foundation patch if scoped
2. $24,850 (35%): HVAC install, panel upgrade, plumbing rough passed
3. $21,300 (30%): Kitchen, bath, flooring, interior paint
4. $10,650 (15%): Exterior paint, porch, landscaping, final CO

Interior rent-ready target: 14–18 weeks. DeKalb permit office timing differs from City of Atlanta — confirm GC has active DeKalb registration before close.

DeKalb permit and carry reality

$2,700+/mo all-in carry on 87% LTC at 12% IO is realistic on $313K all-in — model 12-month hold minimum, not 8-month flip fantasy. Sponsors who front-load kitchen installs before panel upgrades delay draws and extend IO expense.

MARTA adjacency: Inman Park-Reynoldstown station walk 0.6–0.9 mi — honest walk adds $10K–$20K resale when block stabilized; measure route, do not use map radius.

Ranked against other Atlanta corridors

Edgewood ranks #4 of 4 published intown neighborhoods in our 2026 Atlanta flip ranking — below West End and BeltLine westside on yield-on-cost, above nothing on basis compression vs. Candler Park. Use the ranking to pick corridor before picking block.

Pre-qual checklist: Edgewood hard money

Before submitting an Edgewood file:

1. Purchase contract with ≤10-day close and wired earnest money
2. DeKalb jurisdiction confirmed on tax record — not assumed from map pin
3. GC scope with HVAC, electrical, and foundation line items priced separately
4. Three Edgewood comps within 0.5 mi on Morgan Street or Edgewood Avenue blocks — not Candler Park
5. Rent comps — two recent leases at $1,950+ within 1 mi
6. Dual exit model — flip spread and DSCR refi both modeled with 12-month carry
7. Liquidity — 6 months IO reserve plus 10% rehab contingency beyond holdback
8. Title commitment — no open heirship or code liens on estate sales

First-time sponsors qualify with strong GC bid and documented reserves — not a national flip track record.

Edgewood retail strip and Cabbagetown comp separation

Edgewood — Edgewood Avenue retail, MARTA Inman Park-Reynoldstown walk — sits between East Atlanta and Cabbagetown with $10K–$20K lower acquisition basis than EAV on comparable bungalows. Comp discipline: do not use Cabbagetown $340K+ ARV on Edgewood Avenue interior blocks.

Krog Street Tunnel adjacency: Tourist foot traffic supports retail ground-floor narrative on mixed-use select files — verify zoning before modeling commercial upper-resi split.

Asset	Buy	Rehab	Stabilized
3-bed bungalow	$205K–$248K	$58K–$85K	$1,875–$2,125/mo
Flip-focused SFR	$198K–$232K	$52K–$75K	$295K–$335K ARV
Small duplex	$265K–$310K	$82K–$115K	BRRRR

Worked BRRRR: $218K + $72K rehab on Morgan Street. Lease $2,025/mo → $305K appraisal → DSCR 1.07 at 70% LTV — improve with $2,150/mo or 67% LTV.

Link BeltLine westside · Atlanta metro.

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Pre-Qualify for Edgewood Hard Money · (833) 264-7776

Rates, terms and conditions offered only to qualified borrowers and are subject to change without notice. All loans are subject to full underwriting. Jaken Finance Group only finances non-owner occupied investment properties.