From Charles Village to Waverly, from Seton Hill to Phelps Point, we’re deeply familiar with Baltimore’s unique real estate investment opportunities.
We are a local private lender that’s been doing business in Baltimore since 2006 and are deeply familiar with its housing market. With us as your hard money lender, you will benefit from years of experience and our boots-on-the-ground approach to lending. We work as your partner and not only a lender. Baltimore offers some of Maryland’s most affordable real estate investment opportunities. However, some of these affordability comes with increased risk. No matter where in Baltimore City or County you are about to invest, we make sure that you succeed, make money, and come back to us with another deal.
We’ve funded hundreds of hard money loans in Baltimore and its suburbs. Your deal is next.
We specialize in short-term private loans that fund purchases and rehabs of investment properties in Baltimore City and Baltimore County. We lend our own money and make our own underwriting decisions from our office in Gaithersburg, MD. We provide financing that conventional lenders cannot touch with a ten-foot pole. Our hard money loans in Baltimore are based on the property’s after-repair value and not its current market price. We do not verify your income and our hard money programs don’t have minimum credit score requirements.
All our loans are collateral-based, and we secure them against investment properties you’re buying or already own. We don’t lend on owner-occupied homes – we offer private mortgage loans to rehabbers looking to profit from their investments. Though the majority of our loans cover 100% of the purchase price (and often a portion of your rehab budget), we ask our borrowers to bring some of their own funds to the transaction. We want to make sure that our borrowers have a history of making good financial decisions that resulted in some level of savings and that they have enough commitment to a particular deal to invest their own money in it. We are happy to provide the majority of funds to purchase and rehab a property.
If you’re looking for a quick loan for your next residential renovation project in Baltimore County, contact New Funding Resources today!
Our Hard Money Loans in Baltimore 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 Baltimore rehab project.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
As the top hard money lender in Baltimore County, we know the local market inside out and have boots on the ground to make your rehab a success.
Our hard money loans are designed to keep your costs low and help maximize your profits.
Peace of Mind
In business since 2006, we’ve built our reputation on delivering on our promises and treating our customers as valued business partners.
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
- Rehab-and-rent 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 hard money loans in Baltimore are based on three simple factors.
We recognize that successful real estate transactions come in different forms and shapes.
This is why we believe in the power of compensating factors. We evaluate each hard money loan application 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 Baltimore 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?
Have questions about hard money loans? Call the leading hard money lenders in Baltimore County at 240-436-2340.
We are the top hard money lender in Baltimore County.
We lend our own money and make it easy to work with us.
We keep hearing about other so-called hard money private lenders with guidelines that sound like going to a regular bank. They claim they’re a “private” or “hard money” lender then proceed to ask for a bunch of documents…..including tax returns… and put them under a microscope. You get close to settlement and, boom, all of a sudden, the loan amount or terms change. They charge heavy commitments fees upfront and then disappear when you need them most. They need to find a local inspector to take a look at your project but can’t find one quickly because they aren’t even located in the Baltimore area. They require you to supply all kinds of receipts and accounting records to release your construction draws making their process look like an FHA loan or worse. BS!! That’s not a true private lender. That’s a lender posing as hard money.
We are a private lender and lend our own money. We underwrite holistically, meaning that we look at the overall strength of your transaction and can make exceptions to our own underwriting rules if there’re compensating factors. Our borrowers love working with us, and we know that you will too!
Ready to work with the highest-rated hard money lenders in Baltimore County? Contact New Funding Resources.