Call the Top Hard Money Lenders in Arlington at 240-436-2340!
To be a real estate investor, you need to have quick and easy access to capital. Real estate investing is a competitive field. You don’t have time to procrastinate when a good deal comes on the market – especially in the hot real estate market such as Arlington, VA. However, conventional lenders fail to recognize that real estate investors have unique needs when it comes to the speed and the flexibility of financing. Waiting for the application to be scrutinized for 45 days is not an option when a cash buyer can snatch a property in a week or less. Hard money lenders fill the vacuum by providing real estate rehabbers with the funds they need – and on terms that make sense.
If you’re in search of the best hard money loans in Virginia, choose to work with New Funding Resources. We are experienced private hard money lenders in Arlington, VA that works exclusively with real estate investors in the DC area. We keep your costs down by providing competitively priced loans to both experienced and novice real estate investors. As a direct private lender, we lend our own funds based on the underwriting criteria that are unique to the Northern Virginia real estate market. We have boots on the ground and local connections to propel you forward better than any out-of-state lender. Last, but not least, we openly share our expertise to help you maximize your profits and manage your risk.
Our private hard money loans in Arlington, VA deliver:
- Investment/commercial loans ONLY
- First lien only
- Interest-only monthly payments
- Up to 100 percent purchase financing
- Up to 90 percent loan-to-cost
- Up to 65 percent of rehab’s after-repair value (ARV)
- Pricing depends on investor experience
- Non-owner occupied ONLY
- Single-family residential
- Condo units
- Office buildings
How do hard money loans work?
Hard money lending offers unique financing mechanisms to both experienced and novice real estate investors. For someone with a modest level of savings, it can open doors to competing with the most affluent competitors. Well-heeled investors benefit from the incredible leverage that hard money offers: with private loans, they can expand their real estate investing business or pursue other business opportunities without depleting their own cash.
Hard money loans are short-term loans that are secured by an investment property. They provide borrowers with the funds they need to buy and renovated a distressed home. The majority of our borrowers repay our loans by selling them after their renovations are completed. A smaller (but growing) portion of our borrowers chose to refinance the property with a conventional lender and keep it in their real estate portfolio. Such loans are often referred to as buy-and-hold loans.
For more details on how our loans work, check out our Hard Money Q&A page.
What makes us different from other hard money lenders in Arlington, VA?
The right hard money lender is an essential part of your success as a real estate investor. This is why you might not want to rush in doing business with the first lender who pre-approves you or promises the lowest rates. Make sure you understand what the right lender means for you and what your personal expectations of a successful partnership are.
We believe that New Funding Resources stands out because of several factors.
- We are a direct private lender. We are not a broker. We lend our funds and make our own underwriting criteria. What does it mean for you as a borrower? Unique underwriting flexibility. We like to say that if the deal makes sense we will find a way to fund it.
- We openly share our local expertise. In business since 2006, we’ve honed the way to evaluate the risk and profitability of each transaction. Unlike many real estate gurus, we don’t peddle general knowledge. Our advice is actionable and is uniquely framed in the context of Arlington, VA real estate. Plus it’s absolutely free!
- With New Funding Resources as your Arlington hard money lender, forget about bureaucracy. You will have access directly to decision-makers and will deal with the same team prior to your loan closing and after it.
Why invest in Arlington real estate?
Because of the low crime and unemployment rates, Arlington is a great place for families and single professionals. The local schools are top-notch for kids of all ages. If you’re a history buff, you will also find few places that are better than Arlington!
According to Niche, the median value of an Arlington home is over $643,000. This is hugely expensive when compared to the national median value of $184,700. Because of this, if you’re going to make a real estate investment, you’re going to need an exceptional lender.
When you choose New Funding Resources as your private hard money lender in Arlington, you have nothing to worry about. We make hard money loans easy. Because we typically cover 100% of the purchase price and don’t have any limits, we can effectively compete with cash offers. When we’re on your side, there’s nothing stopping you from acquiring your next investment property!
Start the ball rolling today.
Real estate transactions have never been this simple! Even if you’ve been denied by traditional lenders, you still might be able to acquire a hard money loan in Arlington. Applying is easy, there is never a fee and you can get approved in less than 24 hours!
New Funding Resources has worked with a wide variety of investors in the Arlington area to fund many different real estate purchases. Whether you want to flip a home or rehab a rental property, we want to hear from you! Call New Funding Resources at 240-436-2340 today!