Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
The home renovation process is more complex than it looks on HGTV. The difference between someone with construction experience and those just starting out is that experienced folks know not to count on the best-case scenario. They understand that the construction delays will happen. Your goal as a real estate investor is to anticipate those delays and be ready for them.
So, let’s talk about the primary reasons for delays in home renovations and how to manage them effectively.
If you discussed a deal with a private lender, you might have heard a term “Loan-to-Cost Ratio.” Private lenders use the Loan-to-Cost ratio as a key underwriting metric to assess risk, determine loan amount, and evaluate the borrower’s commitment to a real estate project. It helps them make informed lending decisions and structure loans that align with their risk tolerance and lending criteria. However, many novice borrowers and some experienced investors do not exactly understand what loan-to-cost ratio is or how to calculate it. So let’s demystify it.
I am writing this blog on the last day of summer. The upcoming weekend is Labor Day. Our community pool will close on Monday with a big bang: the traditional dog swim. Perhaps it’s a sign that I am not quite ready to say goodbye to summer, but today, I want to talk about swimming pools and their impact on your renovation project.
One of the most important elements of private lending is evaluating collateral. Anything can serve as collateral, but in real estate, collateral is typically real property such as residential homes, commercial buildings, or land. While both the lender and the borrower use various sources of information to estimate the property’s value, the final value is determined by an appraisal report produced by a licensed appraiser. As a real estate investor, you must be adept at reading appraisal reports and that involves understanding various elements related to property valuation. Let’s look at appraisal reports together to make sure you understand their key components and what they mean for your real estate transaction.
The purpose of this blog is to share expert advice on all things real estate related. We write articles about hard money loans, working with contractors, and choosing kitchen countertops. We share this information in hopes that it might be helpful to those who have yet to go through the process of acquiring a private loan or remodeling the kitchen themselves. Today it is going to be different. Today I want to talk about a subject that I claim no particular expertise in. To say it better, I know as much about it as anyone else reading this blog. I am talking about breathing.
Working with a private lender can offer several advantages compared to traditional lending institutions. Quick access to funds, lending criteria flexibility, and streamlined underwriting are just a few of them. But like everything else, private lending and hard money loans come with their own risks. To know them is to manage them. So let’s talk about the risks of working with private lenders and how real estate investors can minimize their on their bottom line.
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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.
New Funding Resources 