Our private money loans have funded hundreds of rehab transactions in and around Takoma Park. Yours is next.
We are a private hard money lender specializing in the DMV area. In business since 2006, we’ve been helping local real estate investors make money investing in Maryland, Washington, DC, and Virginia. Whether you are looking hard money loans, fix-and-flip loans, or bridge financing, our private funds offer both affordability and unbeatable service.
Many private lenders will promise you the world – just to change their terms and requirements a day before closing. We’ve built our local reputation for value and transparency by delivering on our promises. This is why we are the top-rated private lender in Maryland and why a large portion of our business comes from repeat clients and referrals.
We are a direct lender which means that we lend our own money and make our own underwriting decisions. All our private loans are NO-DOC and based primarily on the collateral. We like to say that if a borrower is well-positioned to make a profit, we will find a way to fund his or her deal.
Ready to take a plunge and start investing in Takoma Park? Let’s crunch the numbers together and devise a plan to help you succeed. Call New Funding Resources at 240-436-2340 today.
Our Private Loans in Takoma Park, MD Offer a Streamlined Underwriting Criteria:
- 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
- Buy-and-hold 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
What’s so special about investing in Takoma Park real estate market.
Founded in 1883, Takoma Park is one of the first planned Victorian commuter suburbs. Its immediate proximity to Washington, DC, and its relatively affordable prices (at least until recently) offer a unique combination of value and convenience to both its residents and real estate investors. Since 2000, Takoma Park’s real estate has been offering a whopping average annual appreciation of 4.58%. Its 20-year appreciation hovers just below 150% meaning that an investment property purchased in 2000 for $200K would be valued at roughly $500,000 today.
With its residents split evenly between homeowners and renters, Takoma Park offers opportunities for both fix-and-flips and buy-and-holds. It’s foreclosure rate is low, and it’s rare to find a bank owned-properties there. However, many homes are older and no longer meet the expectations of younger, affluent, and more hip buyers. Look for off-the-market properties or homes in probate or hire a realtor that specializes in the Takoma Park real estate market. Investing in Takoma Park real estate is not cheap, but it offers unique opportunities not available anywhere else.
Ready to work with a private lender deeply familiar with Takoma Park? We are just a phone call away at 240-436-2340.
Why Work with New Funding Resources?
At New Funding Resources, we have more than twenty-two years of real estate experience in the DMV area. In fact, we have not only been lending in Takoma Park, but also actively investing there. We evolved from a reputable consumer lending company into a boutique firm that focuses exclusively on providing make-sense private financing to real estate investors. We want to be more than just your lender. We treat our relationships with our borrowers more like partnerships. When you’re purchasing real estate to build wealth, we help you weigh your options and make smart decisions.
Apply for your Hard Money Loan in Takoma Park Today
Join the many successful real estate investors who have worked with New Funding Resources in the past. Let’s crunch the numbers together to make sure that your deal makes sense and you’re making a healthy profit. Or, if you don’t have a property in mind, let’s make sure you’re well-positioned to invest in Takoma Park and beyond.