Let us finance your private loan in Calvert County. You will not be disappointed.
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 Calvert 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 know Calvert County inside and out. From Chesapeake Beach to North Beach, from Dunkirk to Lusby, our Calvert County private financing will help meet your short-term and long-term financial goals.
Our Hard Money Loans in Calvert 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 Calvert 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 Calvert 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.
Calvert 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 Calvert 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 Calvert 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 Calvert County. Call New Funding Resources, Maryland’s top private lender, at 240-436-2340!
We are a hard money lender that specializes in working with real estate investors in Calvert County.
Calvert County was established in 1654 which makes it one of the oldest counties in the nation. At just 213 square miles, it’s also the smallest county in Maryland. Despite its size, Calvert County’s 92,000 residents enjoy one of the highest standards of living in Maryland. Its major industries are comprised of information technology, defense contracting, tourism, and administrative services.
An interesting fact about Calvert County is its wealth and housing affordability indexes. The Wealth Index is based on a number of indicators including average household income and average net worth. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level. Calvert County’s wealth index is 192. To put this number in perspective, compare it to the Maryland Wealth Index of 141. That means that many wealthy folks chose to live in Calvert County. At the same time, Calvert County’s housing affordability index is 132, compared to Maryland’s overall housing affordability of 118. When it comes to housing affordability. values above 100 indicate increased affordability, while values below 100 indicate decreased affordability. Calvert county appears to represent a unique niche where the incomes are high but the median real estate prices remain low. As of December 2019, the median sales price of a home in Calvert County is $329,500, a hefty price increase of 5% from 2018. In 2020, the real estate market is skewed towards the seller with the inventory being low and the days of the market hovering around 44 days.
You might be looking for a way to make a quick profit by flipping properties in Calvert County. Or you might be concentrating on building long-term wealth by rehabbing and holding them in your rental portfolio. Whatever your plans are, our hard money financing will provide you with incredible leverage. We work both with novice investors looking for private funds to start in real estate and seasoned investors taking their rehab business to the next level.
Whether you’re looking to finance an investment property in Calvert Beach, Chesapeake Beach, Drum Point, Dunkirk, Huntington, Lusby, Owings, or Solomons, we can help with all Calvert County financing needs. Call us today at 240-436-2340.