Phone: 240-436-2340
Maryland Hard Money Lenders. Private Loans in Maryland, Virginia & Washington, DC
Real estate auctions can be goldmines for savvy investors, especially those hunting for undervalued properties in Maryland, Washington, DC, and Virginia. Whether you’re building a rental portfolio or chasing your next fix-and-flip, auctions offer unique opportunities to purchase properties below market value. However, not all auctions are the same. Let’s look at the main types of real estate auctions and what investors should know about each.
A part of our business comes from refinancing inherited properties. A typical scenario includes an heir who either wants money to pay off other heirs or needs renovation funds to increase the property’s value before flipping it. Often, they want to do both. Private lending criteria fit their needs perfectly. Hard money lenders like us lend on properties that require extensive renovations and are not focused on the borrower’s income or credit scores. Inherited properties often come with plenty of equity, reducing private lenders’ risk and making the pre-qualification process fast and straightforward. There is one condition, though: the inherited property must be out of probate.
Finding a motivated seller is simply a matter of knowing where to look and keeping your eyes open. As a hard money lender with over ten years in business we’ve heard all kinds of reasons why sellers need to sell their home fast. Knowing the reason why a seller wants to sell can be a powerful bargaining chip when negotiating the deal. Read on how to spot and help those sellers and make money in process.
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New Funding Resources, LLC
806 West Diamond Ave.
Suite 340
Gaithersburg, Maryland 20878
Phone: 240-436-2340
All loans subject to our review of underwriting criteria and conditions. We reserve the right to approve or deny any loan application based on our sole discretion.
New Funding Resources 