Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
At New Funding Resources, we work with real estate investors across Washington, DC, Maryland, and Virginia who are constantly searching for their next profitable deal. In a crowded marketplace, some of them are turning to unique or unconventional properties—historic homes, converted barns, off-grid retreats, and agricultural land like farms—to stand out.
While it may not happen often in Metro DC, real estate investors are not immune to having issues with squatters living in their vacant properties. Squatters are people who occupy a property without the owner’s permission and without legal ownership. They might “squat” for a few weeks or years at a time, typically in abandoned, vacant, or neglected buildings.
Hard money lenders have less stringent requirements than their conventional counterparts. They are collateral-based and, as such, are less focused on the borrower’s income or credit history. That does not mean that every loan denied by a bank or a credit union can be easily approved by a hard money lender. Far from it. Hard money lenders serve a unique and relatively narrow niche. They work exclusively with investors looking to snatch a promising real estate investment opportunity. Yes, hard money lenders have streamlined underwriting, and their hard money loans can close quickly, but only when it makes sense for both the borrower and the lender. Let’s explore the main reasons your hard money loan application can get denied.
Today, I want to talk about something that all the borrowers pay for at closings but typically have little understanding or appreciation for. It is title insurance. Title insurance is a type of insurance policy designed to protect both the owner (real estate investor) and the lender from financial losses related to title defects or disputes that may arise after a real estate transaction has closed. Here’s how it works and how it protects both parties:
Fixing and flipping real estate—buying properties, renovating them, and selling them for a profit—can be highly profitable if done right. However, it also carries significant risks if not managed properly. As a hard money lender, we see some of our borrowers building thriving businesses and others giving up after their first transaction.
Trust me, the luck of the draw has little to do with it. What sets a successful real estate investor apart is their discipline in following the best strategies for a successful fix-and-flip investment. The good news is that you don’t have to reinvent the wheel or learn by trial and error. We’ve put together a detailed list of these best practices that is thoroughly reality-based. I can attest that ignoring each item on this list can drain your project’s profits. In contrast, paying careful attention to each bullet point will increase your profits and minimize your risk.
So, you are ready to take a leap with your first investment property. You’ve found a lender, contractor, or even property. You are ready to sign on this dotted contract line… Or are you? I bet hundreds of “what-if” scenarios are running through your head right now. Am I overpaying? Is the seller hiding something? Will my lender fund the transaction as they promised to? Would I lose my deposit if they don’t? These are all legitimate questions. These are the risks inherent in real estate investing. These risks are especially high for new investors, those who have yet to gain experience in buying, renovating, and selling a property.
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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 