We know Carroll County inside and out. Whether you’re investing in Westminster, Taneytown, Sykesville, or anywhere in between, our private loans in Carroll County are guaranteed to propel you forward.
At New Funding Resources, we have more than twenty-two years of real estate experience in the state of Maryland. We evolved from a reputable consumer lending company into a boutique firm that focuses exclusively on providing make-sense financing to real estate investors. Our Carroll County hard money loans are short-term and offer unique financing to buy and rehab distressed properties. Once you renovate the property, you repay our loan by either selling it for profit or – in case if you are interested in keeping it as a rental – by refinancing it to another program. We now offer awesome fixed-rate 30-year-term refinance options.
We are deeply familiar with unique investment opportunities offered by Carroll county and helped investors flip hundreds of properties in Mount Airy, Union Bridge, Hampstead, New Windsor, Westminster, and its other communities. Our local expertise, flexible underwriting, and efficiency will help you mitigate risk, grow your returns and compete with all-cash offers.
Have an investment opportunity you are ready to discuss or simply want to ask more questions about our hard money loans in Carroll County, MD? Call us today at 240-436-2340.
Our Hard Money Loans in Carrol County Deliver:
We provide pre-approvals in as few as 24 hours and can fund your loan in five days or less.
Our team of local experts is focused on ensuring a smooth closing and timely support of your renovation project – in Carrol County and beyond.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
As the top hard money lender in Carrol County, we are deeply familiar with the local market. Our boots-on-the-ground mentality makes it easier for you to work and make money with us.
We work hard to keep your costs low and offer competitive pricing that corresponds to your strength as a borrower.
Peace of Mind
In business since 2006, we’ve built our reputation on delivering on our promises. This is why we are the highest-reviewed local private lender.
Carroll County Fix & Flip Loans, Bridge Loans, Buy & Hold Rental Deals & More
- Investment/commercial loans ONLY
- First lien only
- Interest-only monthly payments
- Up to 100% purchase financing
- Up to 90% loan-to-cost
- Up to 65% of rehab’s after-repair value (ARV)
- Pricing depends on investor experience
- Fix-and-flip loans
- Buy-and hold loans
- Bridge loans
- Cash-out to finish construction
- Foreclosure and pre-foreclosure sale loans
- Loans to refinance another hard money loan
- Non-recourse IRA lending
- Non-owner occupied ONLY
- Single-family residential
- Condo units
- Office buildings
Our private hard money loans in Carroll County are based on simple factors.
We recognize that successful real estate transactions come in different forms and shapes. Everyone has their own strengths and weaknesses. We underwrite holistically and believe in the power of compensating factors. This is why we evaluate our loans based on three fundamental factors:
- The Collateral. How much is our borrower paying for it? What is the current condition of the property? How much would it cost to rehab it? What is the after-repair value of this Carroll County property?
- Borrower Character and Experience. How much experience does the borrower have rehabbing, flipping or managing real estate? How much of their own money do they plan to invest in this transaction? What is their credit and employment history?
- Proposed Exit Strategy. What is it? How long would it take to execute it? Is the borrower realistic in how much money, time, and effort it would take?
Ready to apply for a private hard money loan in Carroll County. Call New Funding Resources, Maryland’s top private lender, at 240-436-2340!
What is so special about Carroll County and why should you consider investing there?
Carroll County, Maryland is a growing suburban community centrally located in the Baltimore–Columbia–Towson Metropolitan Statistical Area. Historically consider rural, the county has become increasingly suburban in recent years. It boasts many quality-of-life attributes including top national and state rankings in safety, health, education, recreation, and affordability. In fact, based on a combination of these factors, Mount Airy was ranked as the top place to live in entire Maryland! The Median household income of a Carroll County resident is $85,532 a year and its largest employer is Carroll County Public Schools.
Because of Carroll County’s affordability, real estate investors there can successfully pursue both fix-and-flip and buy-and-hold strategies. The inventory is tight and shrinking making it a very competitive market. The prices are reflecting the limited supply increasing 7% from December 2018 to December 2019, bringing the median sale price for Carroll County home to $325,000.
More reasons to choose New Funding Resources as your Carroll County private hard money lender.
If you are looking for even more reason to choose New Funding Resources as your Carroll private money lender, we can give them to you. We don’t charge any application or upfront fees, can go as high as 90% of loan-to-cost, and, in Carroll County, base our loans on 65% of the after-repair value. We offer great rates, but even more, we provide extremely personal service to our borrowers. To many lenders, you are just another dollar sign, but to us, you are a success story in making.