We are deeply familiar with the Springfield, VA real estate market. Work with us to improve your ROI.
Are you a real estate investor looking to compete with cash offers or a new investor contemplating her flip? Perhaps you’ve done plenty of flips already and need leverage to take your business to the next level? We work with real estate investors from all walks of life. As the top private lender in Virginia, we are focused on one goal: helping our borrowers make money in real estate.
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 rehabbers looking to fix-and-flip or buy-and-hold homes in the DC area.
Looking for the best hard money lenders in Springfield, VA? Call us today at 240-436-2340.
Our Hard Money Loans in Sprigfield, VA Deliver:
Lighting-fast pre-approvals in as few as 24 hours. Funding in 5 days or less.
Our proprietary underwriting criteria focuses on your deal’s potential, not your credit or income.
Our Springfield, VA hard money loans are designed to keep your costs low and help maximize your profits.
Our team of local Northern Virginia experts is focused on ensuring a smooth closing and timely support of your renovation project.
As the top hard money lenders in Springfield, VA, we know the local market inside out and have boots on the ground to make your rehab a success.
Peace of Mind
Our reputation is built on delivering incredible value to our borrowers, standing by our promises, and moving fast and efficiently.
Springfield, VA offers unique real estate investment opportunities.
Located less than 12 miles from Washington, DC, Springfield, VA offers combines relative real estate affordability with close proximity to the job opportunities and entertainment offered by the nation’s capital. Many large employers such as Freddie Mac, NIH, Capital One, and Deloitte have large branches located there.
According to Redfin, the Springfield real estate market is super competitive. The average home for sale received five offers and sell in around 18 days. The average 2020 sale price of a home in Springfield was $523K last month, up 6.6% since 2019. Perhaps more significantly, the Realtor.com report on its annual list of America’s Hottest ZIP Codes — based on demand, affordability, and how fast homes are selling — lists a Springfield, VA zip code 22152 as the ninth hottest zip code in the US.
We are Springfield, VA hard money lenders that strive for your success.
We’re more than just hard money lenders in Springfield, VA. At New Funding Resources, we have more than twenty-two years of real estate experience in the DMV area. We evolved from a reputable consumer lending company into a boutique firm that focuses exclusively on providing make-sense financing to real estate investors. Our Springfield, VA hard money loans are short-term and offer unique financing to buy and rehab investment properties. Once you renovate the property, you repay our loan by either selling it for profit or – in case if you are interested in keeping it as a rental – by refinancing it to another program. We offer unique leverage by not basing our loans on the current value of the home but instead on its future value.
We are not a faceless out-of-state lender. Our reps are “not trained” in the narrow program or two. You will be working directly with the decision-makers who are the most experienced and respected real estate investors in the DMV area. Forget the fluff and the theorizing of the real estate seminars. When you work with a private hard money lender like us, it’s time to roll-up your sleeves. And we will roll them up beside you too. Let’s make each and every one of your transactions a resounding success.
For more information on the best way to structure your hard money loan in Springfield, VA take our hard money calculator for a spin.
We recommend you invest in LLC’s name to protect your family’s assets. Don’t have an LLC in Virginia? No issues. Click here for the detailed steps to form it.
Ready to get pre-approved or have a property in Springfield, VA you are interested in discussing? We are just a phone call way at 240-436-2340.
Prosper with our local hard money financing.
There are so many benefits to hard money loans in Springfield, Virginia! Getting approved is fast—it happens in just 24 hours or less! Even if you’ve been turned down by traditional lenders, you can still get approved by New Funding Resources.
We work differently than conventional lenders. Unless you go the 203K route, conventional lenders wouldn’t lend on a property that is distressed. Even if you decide to try out the 203K loans, you would soon discover that they make it difficult to compete as a real estate investor. You will have to use licensed contractors even for cosmetic updates and to rely on licensed appraisers and forensic accounts to get your draws.
At New Funding Resources, we have a holistic approach to evaluating loan requests. We look beyond just credit scores and incomes. Because we take the value of the property, past financial decisions, and rehabbing experience into account, you’re more likely to be approved.
We also let you run your own business – and make your own decisions on how to manage your rehab and whom to hire to do it. Because we take the potential profit you will be making, your past financial decisions, and your rehabbing experience into account, you’re more likely to be approved.
You won’t easily find this from other hard money lenders in Springfield!