Ready to apply for private money loans in Glen Burnie? With us, it’s easy and free. Call us at 240-436-2340!
Are you looking for reliable private financing in the Glen Burnie Area? Look no further! New Funding Resources is the highest-rated private hard money lender in Maryland. We’ve worked for years to develop strong relationships with our borrowers and have been partially responsible for their financial success. At New Funding Resources, you aren’t another money-making opportunity: You are a long-term client and a success story in making.
What makes Glen Burnie, MD such a great place to invest?
If you are planning to start flipping homes in Glen Burnie, you likely know something about the area. However, if you don’t, let us get you up to speed. Glen Burnie is a suburb of Baltimore located in Anne Arundel County. The Glen Burnie area is predominantly middle class with a median household income of 60k a year. Glen Burnie home prices have climbed steadily over the past few years and are not prone to volatility. The median home price is around 266k, having risen around twenty percent since 2012. Because of its affordability, Glen Burnie is a great place to invest in real estate – even if you don’t have deep pockets. The area contains many old homes in need of renovation and, once rehabbed, these homes are likely to sell for a significantly higher price and generate a nice profit for an investor.
Despite the relatively low price of entry into the market, finding a reliable source of funds might still be a challenge. However, don’t worry – we have you covered. At New Funding Resources, we have over twenty-two years of experience in the Maryland real estate market. We ourselves have successfully rehabbed homes across the DMV market, including Glen Burnie, and fully understand the market potential.
Our Glen Burnie Hard Money Loans Offer:
We provide pre-approvals in as few as 24 hours and can fund your loan in 5 days or less.
Our proprietary underwriting criteria focus on your Glen Burnie deal’s potential, not your credit or income.
Our private 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 renovation project.
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.
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.
We offer a variety of private funding options to meet any Glen Burnie, MD investment opportunity:
- 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
- Foreclosure and pre-foreclosure sale loans
- Loans to refinance another hard money loan
- Non-recourse IRA lending
- Hard money bridge loans
- Non-owner occupied ONLY
- Single-family residential
- Condo units
- Office buildings
What makes New Funding Resources different as a private lender?
We are a local boutique lender that specializes in working with the Maryland real estate investors. We are not a large corporate entity with the out-of-state headquarters and no clue where Glen Burnie is on the map. And we work differently than many lenders that called themselves “private” but then proceed to ask for all types of documentation, including tax returns and putting them under the microscope. We are not credit-score driven and don’t verify your income. We don’t charge any commitment or application fees. And, most importantly, we don’t tell you what you want to hear only to change the terms of your private loan a day before closing. We don’t securitize or sell our loans. With us, the servicing of your loan is retained in-house and you will work with the same team after your loan closes.
Our reputation for honesty and flexibility precedes us.
Our borrowers all agree: We are the most reliable, honest, and reasonable private lending company in the Maryland area. We understand that flipping home can be hard, but that’s ok! We want to help you succeed. If you work with us you will be rejoiced to see that we are a team of highly flexible and accommodating people, and we understand your challenges. Our Glen Burnie expertise can ensure that your home rehab remains profitable. Many of our borrowers have remarked that we were always supportive during the complex rehab process and that they really appreciated it. Don’t take our word for this, search us up on Google and read some of our sixty and counting reviews!
Ready to apply for private funding in Glen Burnie, MD?
Whether you are looking to make a quick profit flipping a home, or trying to grow your long-term rental portfolio, we can work with you. We have seen it all. Remember, real estate can be done right in many different ways, and we know that, so go right ahead and call us 240-436-2340.