Call the Top Hard Money Lenders in Reston, VA at 240-436-2340!
If you want to get your next rehab project financed fast, consider applying for hard money loans in Reston, VA. New Funding Resources is the most trusted hard money lender in the area. We’ve been funding fix and flips and buy-and-hold projects since 2006, not just in Reston but all over Northern Virginia. There’s no one who’s more knowledgeable about renovations projects and the Reston real estate market.
Our hard money loans in Reston 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 Virginia, 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.
Real estate investing in Reston, VA.
Located less than a half an hour drive from Washington, DC, Reston is an affluent suburb in Northern Virginia. It’s a low-crime area with a great school district and plenty of employment prospects, particularly law firms. Living in Reston is the opposite of cheap. In fact, Reston zip code 20190 placed N0.6 on the RENTCafé the top 10 most expensive zip codes list. One zip code in McLean and four in Arlington were higher, but that’s it.
Like almost every other real estate market in the DMV area, Reston continues to post healthy annual appreciation. According to Long&Foster, in November 2019, the median sale price for a home in Reston was $465,000. By November 2020, that price increased to $490,000, posting a gain of 5% or $25,000.
Real estate investing in Reston can be expensive. Not only you need to have a sufficient nest egg but also significant renovation experience. Homebuyers in Reston are discerning and expect a high-quality rehab with a modern style and flair.
Improve your ROI by partnering with a Reston private lender steeped in the local market.
If you’re unfamiliar with the Northern Virginia real estate market, New Funding Resources is the perfect lender for you. We have 13 years of experience working in the area. We know exactly what it takes to successfully complete a rehab project or fix and flip. So if there’s ever a time when you get “stuck,” we’ll be there to coach you along.
We offer both expert advice and emotional support during the times when you feel like you’re in over your head. Working with us is like having a knowledgeable business partner, but you never have to relinquish control of your business. With our experience at your disposal, you’ll be able to earn the maximum profit on your real estate investment.
We don’t just lend you money. With our deep local real estate expertise in Northern Virginia, we become your de facto partner, guiding and advising you from the beginning of your transaction to its very end. Our goals are aligned: if you succeed, we succeed. We are looking to build life-long relationships with competent, hard-working, enterprising real estate investors looking to fix-and-flip or buy-and-hold homes in the DC area.
Our hard money financing in Reston is fast and flexible.
No matter how much or how little experience you have with real estate investments, you can succeed with our help. Our hard money loans in Reston, VA are available to everyone. The requirements aren’t as strict as those on traditional loans. You don’t have to worry about verifying your income or having perfect credit.
These short-term loans have more flexible terms than traditional lending options. They are secured by an investment property. You can choose the property you’re currently acquiring or a different property you own as collateral. You’ll then make monthly payments on your loan until the end of the term. Then you make a single balloon payment to resolve the rest of the loan.
To better understand how our hard money process works, check out our blog, our borrower resources page, and our illustrative and interactive hard money calculator.
We are a private hard money lender in Reston focused on your success.
Tired of hearing about hard money lenders with underwriting guidelines like going a regular bank? They claim to be “private” until they ask for a bunch of documents you thought they won’t need and then put them under a microscope. They collect steep commitment fees upfront and then disappear or change all the terms right before your closing. They require you to supply all kinds of receipts and accounting records to release your construction draws making their process look like an FHA loan or worse.
We work differently. We lend our own money and choose our own level of risk. We underwrite holistically, meaning that we look at the overall strength of your transaction and can make exceptions to our own underwriting rules if there’re compensating factors. We want to work with borrowers and transactions that are poised for success. For our borrowers, success means that they’ve made enough money on their Reston, VA rehab to compensate them for their time and work. For us, as a lender, it means that our loan is repaid in a timely manner. It’s a win-win for everyone.
We are a direct private lender providing hard money finacing in Reston and Northern Virginia. We make it easy to work with us. Call New Funding Resources today at 240-436-2340.
If you’re ready to hear a “yes” on your loan application, contact New Funding Resources today! You’ll get approved in just 24 hours and we can close your hard money loan in five days or less. We are the highest reviewed local private lender and your best choice for hard money loans in Reston, VA. Our borrowers love working with us, and we know that you will too!