Call the Top Hard Money Lenders in Frederick at 240-436-2340!
If you’re looking for hard money loans, talk to the most trusted hard money lender in Frederick: New Funding Resources. Since 2006, rehabbers in Maryland have trusted us to finance their real estate investments. Because we’ve funded such a wide variety of projects, we’ve gained diverse experience that is an invaluable resource to you and your team.
Our Hard Money Loans in Frederick, MD Finance a Variety of Opportunities:
- 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
Why Residents and Investors Alike Love Frederick, Maryland
Over 65,000 people are happy to call Frederick, Maryland their home. Residents love Frederick for its active nightlife. The downtown district is filled with historic architecture including beautiful church spires. There’s also a bridge that’s painted with a majestic mural.
According to Zillow, the median residential property price is $277,000, which is just slightly lower than the median sale price of all homes in Maryland. There are always opportunities for rehab projects! Whether you want to rehab and sell for a quick profit or rehab and rent for wealth growth over a long period of time, there’s something here for you!
We’re Experts on the Frederick, Maryland Real Estate Market
New Funding Resources has extensive knowledge of the real estate market in Frederick, Maryland. In fact, several of our team members live there. Even if you don’t know the area well, we can help by filling in the gaps in your knowledge. We’re not just in it to fund your project and collect the money down the line. We’re truly there through the entire process, giving you as much or as little input as you’d like.
We work differently than many hard money lenders out there and this is why we continue to be the highest-rated private lender in the entire Washington, DC area. We keep hearing about other so-called hard money private lenders with guidelines that sound like going to a regular bank. They claim they’re a “private” or “hard money” lender 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 charge heavy commitments fees upfront and then disappear when you need them most. We don’t overpromise, but stand by our word and deliver on our commitment to provide you not only with competitive rates but also with excellent service before and after closing.
Ready to work with the most reliable hard money lender in Frederick, MD? Call us today at 240-436-2340.
We are a Local Hard Money Lenders that Give You Full Control Over Your Rehab Project and Your Business
Being a rehabber means running a business. So even though we’ll offer expert advice, we make sure to give you as much control over your hard money loan as possible. You can do what’s best for you, which means you maintain control over your business and your wealth. With us, you can work with any construction crew you want and choose whether to get permits or not. Many conventional lenders and many hard money lenders that require you to supply all kinds of receipts and accounting records to release your construction draws. We simply look at the work completed.
When Looking for the Best Hard Money Lenders in Frederick, MD, Choose to Work with Your Neighbors.
Not only our office is located just around the corner, but many of our underwriters also live there. Working with us is like working with your neighbors – literally. We work hand-in-hand with you to make sure that each flip has the most important element – that you as an investor are making money at the end. You’ll be able to be accepted quickly for a short-term loan with flexible repayment options.
Call New Funding Resources, Frederick’s top hard money lender, and start making money in real estate today. We can be reached at 240-436-2340.