Call the Top Hard Money Lenders in Fort Washington at 240-436-2340!
New Funding Resources can help you acquire hard money loans in Fort Washington, Maryland. We set you up to successfully build wealth through real estate! By drawing on our years of experience with real estate in the area, we can build a successful partnership with you.
We’re more than just a trusted hard money lender in Fort Washington. We give expert advice about investing in real estate. As experts in the local area, we’re well-positioned to help you succeed. Get a cash infusion to invest in your real estate business from a hard money lender you can rely on!
Our Hard Money Loans in Fort Washington 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.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
As the top hard money lender in Maryland, 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.
No Matter What Your Investing Strategy Is, Our Hard Money Loans Will Meet Your Needs:
- 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
Reasons to Love Fort Washington, Maryland
Fort Washington has historical charm from its significant roles in the War of 1812 and the Civil War. It’s a small community with a population of about 23,000. According to Zillow, the median value of a Fort Washington home just under $311,000. There are tons of homes and other properties brimming with rehab potential! They’re just waiting for someone like you to come along to transform them into something great.
The Many Perks of Hard Money Loans in Fort Washington, MD
Hard money loans are easier to acquire than traditional loans. Our hard money loans are specifically designed for real estate investors like you. Whether you’re a seasoned flipper or embarking on your first rehab project, you can get a fast pre-approval with New Funding Resources.. Unlike traditional lenders, we won’t just look at your credit score. We look at everything you have to offer the rehab project, including the value of the real estate you’re acquiring, your rehab budget and, most importantly, the after-repair value of your property. Usually, our loans cover 100% of the purchase price and, in many cases, we can also contribute funds towards your renovation budget.
Hard money loans are secured by property. You can choose the property you’re currently acquiring or a past investment that is free and clear. At first, you’ll make monthly interest payments and then one final balloon payment at the end of your term. You get more flexibility and control with hard money loans in Fort Washington, Maryland. And after 13 years in the business, we’ve seen our hard money loans fund countless rehab projects.
Our hard money loans in Fort Washington are based on three simple factors.
Successful real estate transactions come in different forms and shapes. Every borrower has their own strengths and weaknesses. We lend our own money and make our own underwriting rules. We 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 Anne Arundel 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?
Contact New Funding Resources to Apply for a Loan
If you want to learn more about getting a hard money loan, call New Funding Resources. We’d love to hear about the property you have your eye on and help you acquire it with ease!
Still have questions about how our hard money loans in Fort Washington can propel you forward? Call New Funding Resources at 240-436-2340 today.