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Hard Money Lender in Maryland, Virginia, and Washington DC, Private Mortgage Lender, Rehab Loans

240-436-2340

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About Hard Money

How To Get Seed Capital For A Hard Money Loan

June 4, 2018 by Kyle Sennott Leave a Comment

Hard Money Loan Seed Capital Some starting capital is essential to qualify for a hard money loan. This is a topic that we discussed at length in our previous articles (see our blogs on Why No Money Down Hard Money Loans are a Pipe Dream and Why Private Mortgage Lenders Want You to Invest in Your Deal). The reason for it is simple: the lack of seed capital is the primary challenge for many new real estate investors. However, as with everything else, where there is a will there is a way.

Among the many benefits of working with a hard money lender like us is the flexibility of our underwriting. Our hard money loans are not credit score driven, and we don’t verify our borrowers’ income. When it comes to borrower’s contribution to the transaction, we accept a more diverse variety of sources than traditional lenders.

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Why No Money Down Hard Money Loans are a Pipe Dream

May 23, 2018 by Kyle Sennott Leave a Comment

No Money Down Hard Money LoansArchimedes famously proclaimed: “Give me a lever long enough and I shall move the world.” In finance, like in physics, leverage allows accomplishing incredible acts with only a fraction of the effort. We talked about our hard money loans and the leverage they provide in our previous blogs, but let me re-cap.

Hard money loans allow a real estate investor to effectively compete with cash offers while investing only a fraction of cash needed to purchase and rehab a property. Alternatively, hard money loans allow well-heeled investors who do have enough cash to buy a property outright to multiply their profits by investing in several properties at once. In their case, financial leverage that hard money loans provide allows them to operate on a large scale and make more money.

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Hard Money Proof of Funds Letter

September 15, 2017 by Kyle Sennott Leave a Comment

Hard Money Proof of Funds LetterOne of the main steps towards purchasing an investment property is securing a hard money Proof of Funds letter. To be a successful investor, you need to understand what a hard money Proof of Funds letter is, what it isn’t, and how to effectively leverage it to get the best price on your next real estate investment.

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Why You Need a Local Hard Money Lender

January 18, 2017 by Kyle Sennott Leave a Comment

Local hard money lenderRecently we’ve been getting many phone calls from rehabbers looking for an alternative to their current hard money lender. Curiously, the reason for wanting to switch is almost always the same. These borrowers are tired of dealing with an out-of-state company and want to work with someone local.

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You’re Approved for a Hard Money Loan. Now What?

September 27, 2016 by Kyle Sennott Leave a Comment

Hard Money Loan Approval Next StepsHurray! You’ve read our blog, filled out our detailed application, talked to our underwriters and are now pre-approved for a hard money loan. What does it mean to be pre-approved? What are the next steps that you should take steps? Perhaps even more importantly, how can you leverage this pre-approval to make money in real estate? In this article we break the process down into three simple steps designed to give you peace of mind and help you snatch that perfect investment property.

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How Hard Money Lenders Are Different From Traditional Lenders

September 20, 2016 by Kyle Sennott 1 Comment

hard money lenders differenceAre you considering working with a hard money lender for the first time? If so, you probably have many questions about who hard money lenders are, how they work and how different they are from traditional lenders such as banks and credit unions. Hard money loans are not for everyone and not everyone will qualify for them. However, for many investors they offer a fast and nimble source of capital not available from other sources. In this article we discuss key difference between traditional lenders and hard money lenders and why, without hard money lenders, real estate investing would be limited to those with very deep pockets.

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New Funding Resources, LLC
806 West Diamond Ave.
Suite 340
Gaithersburg, Maryland 20878

Phone: 240-436-2340


All loans subject to our review of underwriting criteria and conditions. We reserve the right to approve or deny any loan application based on our sole discretion.

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New Funding Resources, LLC.
All Rights Reserved.
© 2015 - 2019
Powered by Arsenal