Call the Top Hard Money Lenders in Bethesda at 240-436-2340!
We love lending in Bethesda and in Montgomery County in general. Whether you are looking to fix-and-flip a home or to grow your wealth by rehabbing and holding a rental property, our hard money loans will help you achieve your long and short-term financial goals.
We work with all types of real estate investors: from those who are just starting out on their first flip to the grizzly rehabbers with tons of experience under their belt. Our private loans in Bethesda are collateral-based which means we secure them against an investment property you’re planning to purchase or already own. We lend our own money and are not concerned about many aspects of your situation that are important to conventional lenders: your credit score and your income. Whether we’re evaluating a hard money loan in Bethesda or Baltimore, our decision-making is based on common sense and our thirteen-year experience of doing private lending in the DMV area. We want to see that your Bethesda flip will be profitable. We also want to make sure that we’re working with someone who has a history of making good financial decisions and some savings to prove it. We finance the lion’s share of your transaction through. Our hard money loans in Bethesda typically cover 100% of your purchase price and often contribute to your renovation. This is the leverage that no traditional lender can come close to!
Lightening-fast underwriting, competitive pricing, top-rated service, boots on the ground. When it comes to hard money loans in Bethesda, work with the best private lender in the area.
Our Hard Money Loans in Bethesda Offer:
We provide pre-approvals in as few as 24 hours and can fund your loan in 5 days or less.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
Bethesda real estate is expensive. Our hard money loans are designed to keep your costs low and help maximize your profits.
Our team of local experts is focused on ensuring a smooth closing and timely support of your Bethesda project.
Headquartered in Gaithersburg, we know the Montgomery County market inside out and have boots on the ground to make your rehab a success.
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 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
- 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 Bethesda, MD are structured to give you the most flexibility and control.
We recognize that successful real estate transactions come in different forms and shapes. What unites them all is the entrepreneurial spirit of the real estate investors behind them. Being a rehabber is like running your own business. We respect it and this is why we designed our private loans to give you the most control over your rehab process.
Unlike conventional lenders and banks we leave it up to you to decide how you want to manage your rehab. You will be making decisions on whether to use contractors that are licensed or not and whether to get permits or not. We release construction draws directly to you and don’t require any forensic accounting to do so – all we want to see that your renovation project is progressing smoothly and according to the scope of work that you’ve developed.
Have questions about hard money loans? Call the leading hard money lenders in Bethesda at 240-436-2340.
Stop looking for hard money lenders that do business in Bethesda.
Start looking for hard money lenders who live and work in Bethesda.
Even a basic rehab can get complicated pretty quickly. So whatever you do – try keep things as simple as possible. Work with private lenders who are local, know the market, and have boots on the ground. We keep hearing about other so-called hard money lenders with guidelines that sound like going to a regular bank. They claim they’re a “private” but 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 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 DMV.
Let us help you make money on your next rehab in Bethesda, MD. Together, we will move quickly and efficiently.
Time is money – contact New Funding Resources today.