Hard Money Lender in Potomac, Maryland
If you’re on a mission finance your next real estate investment, trust the most experienced hard money lender in Potomac. Choose New Funding Resources! Don’t settle for just any lender in Potomac, Maryland. New Funding Resources can finance your rehab project or fix and flip, while also giving you the advice you need to make it successful.
Our Hard Money Loans in Potomac Deliver:
We provide 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 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 renovation project.
As the top hard money lender in Potomac, 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.
Fix & Flip Loans, Bridge Loans, Buy & Hold Rental Deals & More
- 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
Reasons to Love Potomac, Maryland
Potomac Maryland has a population of just 45,000. Residents are well-educated thanks to the top-notch schools, and they get to enjoy a thriving economy. Poverty is low, and the jobs are high-paying. People really want to live here. If you have the right financing behind you, you can take an ordinary Potomac property and turn it into someone’s dream home!
More Than Just Your Hard Money Lender
Every real estate transaction is a little different. But after 13 years of being a hard money lender in Potomac, we’ve seen just about everything. It doesn’t matter what your financial goals are or what experience you have with rehabbing real estate. Just having New Funding Resources on your side will set you up for success! We’ll support your rehab project and use our expertise to keep pushing you in the right direction.
What is a Hard Money Loan?
Hard money loans are short-term loans for real estate investors. You don’t need to have perfect credit or even verify your income to obtain them. You can get approved in just 24 hours or less. And you’ll get your loan fully funded in no more than five days!
All hard money loans are secured by property. You can choose either the property you’re investing in now or a previously purchased property as collateral for the loan. Paying off the loan begins with monthly payments on the interest. Then you’ll resolve the rest of the loan with a final balloon payment at the end of the term.
If you’ve been having a hard time obtaining a traditional loan, turn to hard money loans in Potomac. You will have an easier time getting accepted, and the process moves quickly. We can fund up to 100% of the real estate purchase price!
Get All the Info You Need About Hard Money Loans from New Funding Resources!
Still want to know more about hard money loans in Potomac? Call New Funding Resources! No one knows hard money loans like we do. We can’t wait to hear about your next real estate investment!