Call the Top Hard Money Lenders in Hyattsville at 240-436-2340!
Behind almost every successful real estate transaction is a good lender. And if you’re looking for hard money loans in Hyattsville, Maryland, you should choose New Funding Resources. We have been the most trusted name in hard money lending in Hyattsville for over a decade.
Our Hard Money Loans in Hyattsville 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 Hyattsville, 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.
Fix & Flip Loans, Bridge Loans, Buy & Hold Rental Deals & More
- 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
Why Invest in Property in Hyattsville, Maryland?
Hyattsville, Maryland is a small city with a population of only about 18,000 people. The median house is valued at $289,000, according to Niche. Although this is higher than the national median home value, it’s lower than homes in the nearby area. Hyattsville is the perfect mix of urban and suburban. Its residents are pretty evenly split between choosing to rent and own their homes.
How Do Hard Money Loans Work?
Hard money loans are short-term loans that are secured by real estate. You can choose to use the property you’re currently acquiring as collateral or a different one as long as it’s not currently occupied. You pay off your loan in easy monthly installments. At the end of the term, you resolve the rest of the loan with a balloon payment.
The Benefits of Choosing Hard Money Loans
When you choose hard money loans over traditional lending options, you can expect to get approved fast. Typically, our loans cover 100% of the purchase price. This makes your offer much stronger. Thanks to New Funding Resources, you can even compete with the best cash offers! Traditional loans can’t do that!
We use unique underwriting criteria on every one of our loans. New Funding Resources wants to know more than just your credit score and income. We take a look at the property you’re purchasing as well as what your bringing to the table. If you’ve been turned down by other lenders, you may still be approved by a hard money lender in Hyattsville.
Why Choose New Funding Resources?
New Funding Resources is more than just a financial resource for flipping homes and rehabbing rental properties. We are also an information resource. From our many years of experience with Hyattsville real estate, we have gained a close understanding of the local market. We can guide you into making the smartest decisions that will help you turn the biggest profit.
Apply for Your Hard Money Loan Today
Take the first step by applying for your hard money loan in Hyattsville, Maryland today. If you have any questions, New Funding Resources would be happy to talk to you. Call us today!