After last weeks announcement we could still close hard money transactions prior to year end.…
Case Shiller Index; Atlanta values still in a free fall
According to a recent release of the S&P / Case Shiller index, property values across the country have continued to decline. Atlanta is still in a free fall (~2.9% decline)… full article at www.bloomberg.com. There is some good news in the report though. Predictions are that Atlanta will recover substantially quicker than other markets due to stable employment in the area.
Underwriting criteria for traditional lenders continues to be tight, but non conventional lenders like Fairview are still actively making loans in Atlanta and will continue to do so going forward. Fairview is different form other lenders since we underwrite on the value of the property and can accommodate most credit challenges.