Hard Money Lender in Silver Spring, Maryland
Don’t let a lack of access to cash stop you from investing in real estate. All you need is a hard money loan in Silver Spring from New Funding Resources. Often, our loans cover 100% of real estate transactions. Trusting New Funding Resources is the best decision you can make if you’re trying to build your wealth through real estate.
Ready to start rehabbing properties in Silver Spring and beyond? Call New Funding Resources today at 240-436-2340.
Our Hard Money Loans in Silver Spring 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 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.
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
Why Live in Silver Spring, Maryland?
Silver Spring, Maryland is a well-loved city with a population of a little under 80,000 people. It’s a hot up-and-coming spot that’s especially popular with young professionals. Housing here is expensive. The median house is valued at a little under $478,000, according to Niche. If you’re going to invest here, you’re going to need a great lender financing that transaction.
How Do Hard Money Loans Work?
Hard money loans are flexible, short-term lending options that are collateral-based. You can choose what property you’d like to secure your loan with. For some people, this might be the property they are currently acquiring, but for others, it could be a property they already own. It just cannot be currently occupied by residents.
Getting approved for a hard money loan is so much simpler than traditional loans. It’s faster too! You’ll get approved in 24 hours or less and receive your financing in no more than five days.
When you apply with a hard money lender in Silver Spring, you won’t have to worry about verifying your income. Have imperfect credit? No worries. New Funding Resources isn’t concerned with you meeting these stringent requirements. We take a look at the bigger picture. We want to know about the property you’re acquiring, your plan for the rehab, and your past experience with real estate.
New Funding Resources Goes Above and Beyond Other Lenders
We’re more than just a hard money lender in Silver Spring, Maryland. We want to help you earn the most on your real estate investment! That’s why we advise you on how to make the best decisions you can regarding your real estate investment.
Talk to New Funding Resources About Hard Money Loans
Still want to learn more about hard money loans in Silver Spring, Maryland? Talk to New Funding Resources! We’d be happy to answer all the questions you have about this fantastic lending option. If you’re already convinced hard money loans are right for you, submit your application today!