Fast and flexible private hard money financing for discerning Fredericksburg, VA investors.
Real estate investing is a local business. Whether it’s your realtor or your lender, make sure you’re working with experts steeped in the Fredericksburg real estate market. New Funding Resources have been lending in the Virginia market since 2006. In fact, we are a direct private lender that is located in the DMV area and lends exclusively in Maryland, Washington, DC, and Virginia. Our private hard money loans in Fredericksburg, VA take into consideration the unique aspects of the Fredericksburg market and are designed to help you capture its unique investment opportunities.
Whether you are contemplating fixing and flipping a home or expanding your real estate portfolio, we have the right type of financing for you. Private hard money lenders like us are unique types of financing companies. We work differently from conventional lenders who finance cookie-cut mortgage loans across the country. Each client we work with and each transaction we finance are different. We make our underwriting decisions based on the type of borrower you are, the location of your property, and the profitability of the overall transaction.
We are also different from many private lenders. What’s different about us? First, we are not a broker. We lend our funds and make our own underwriting decisions. With us, you will not work with rookie loan officers trained on the underwriting basics. You will work with the decision-makers who guided hundreds of successful flips in the Fredericksburg market.
We are also different in how we underwrite our loans. As the top private hard money lenders in Fredericksburg, VA, we feel that our borrowers are more than their declared income or credit score. This is why we are one of the few private lenders who are not credit-score-driven. We also don’t verify your income. As any lender, we want to be repaid on time and in the terms and conditions we’ve agreed on. The best way to ensure it is to lend to the borrowers who are well-positioned to make a profit.
This is why don’t just lend you money. We act and work as we were your partner. If you succeed, we succeed. We’ve lent to hundreds of investors in North Virginia (Fredericksburg, VA included) and know what it takes to succeed in this market.
Have more questions about our hard money loans in Fredericksburg, VA? Call us today at 240-436-2340.
Our Fredericksburg, VA Hard Money Loans Deliver:
We issue pre-approvals in as few as 24 hours and can fund your loan in 5 days or less.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
Our Fredericksburg, VA private hard money loans are designed to keep your costs low and help maximize your profits.
Our team of local experts is focused on ensuring a smooth closing and timely support of your Fredericksburg renovation project.
As the top hard money lender in Fredericksburg, VA, we know the local market inside out and have boots on the ground to make your rehab a success.
Peace of Mind
Our reputation is built on delivering incredible value to our borrowers, standing by our promises, and moving fast and efficiently. Check out our reviews – we are the top private lender in the DMV area.
What makes Fredericksburg, VA a unique real estate investment market?
Just an hour south of Washington DC, this charming Virginia town has an important place in American history. Known for being the childhood home to George Washington, it was also a major port during the colonial era and the site of major battles during the Civil War. Now it’s considered one of the best places to live in Virginia and offers its residents an urban/suburban mix feel. While it isn’t close to being the cheapest place to live in Virginia, it actually falls in the low- to mid-range when you include it among Northern Virginia counties.
The Fredericksburg, VA real estate market has been literally on fire. According to the Fredericksburg Area Association of Realtors, the 3rd quarter of 2020 has seen a dramatic increase in total sold dollar volume and units sold coupled with plummeting days on market. Sold dollar volume was up 68% year-over-year, increasing from approximately $149 million in November of 2019 to nearly $250 million in November of this year. The increase was fueled by a nearly 50% uptick in units sold with 664 transactions this November 2020 compared to 450 in 2019. The FAAR also reports that the median price was up over 9% settling at $340,000, up from $311,700 in November 2020.
Why make New Funding Resources your local private lender of choice.
Are you a real estate investor looking to compete with cash offers or a new investor contemplating her flip? Perhaps you’ve done plenty of flips already and need leverage to take your business to the next level? We work with real estate investors from all walks of life. As the top private lender in Virginia, we are focused on one goal: helping our borrowers make money in real estate. Unlike many other private lenders, we do lend to first-time rehabbers. We primarily looking for borrowers with a demonstratable record of financial success as evidenced by having some financial nest egg and their willingness to commit some of it to the transaction. We do finance the lion’s share of the purchase and rehab costs, often lending close or even above the purchase price.
Have a deal you are interested in discussing? The best private hard money lenders in Fredericksburg are just a phone call way at 240-436-2340.
Let us finance your private hard money loan in Fredericksburg, VA and see for yourself the value we provide.
At New Funding Resources, we have more than twenty-two years of real estate experience in the DMV area. 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 Fredericksburg, VA hard money loans are short-term and offer unique financing to buy and rehab investment 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 offer unique leverage by not basing our loans on the current value of the home but instead on its future value.
For more information on the best way to structure your hard money loan in Fredericksburg, VA, take our hard money calculator for a spin.
We recommend you invest in LLC’s name to protect your family’s assets. Don’t have an LLC in Virginia? No issues. Click here for the detailed steps to form it.