Our private money loans have funded hundreds of rehab transactions in and around Upper Marlboro. Yours is next.
We are a private hard money lender deeply familiar with Prince George’s County real estate market. In business since 2006, we focus exclusively on financing promising real estate investment opportunities in Maryland, Washington, DC, and Virginia. Whether you are looking hard money loans, fix-and-flip loans, or bridge financing, our private financing offer affordability, value, and renown local service. We do not lead you on with unrealistic promises – just to change our rates and underwriting conditions a day before closing. Our reputation for transparency and dependability is based not on “talking the talk,” but on “walking the walk” – funding your deal in a timely manner and on the terms agreed.
We are a direct lender that lends its own funds and makes its own underwriting conditions. We don’t rely on elaborate equity lines from other financial institutions and don’t have shareholders to please. Our goal to make sound financial investments that benefit us, our borrowers, and the community we live and work in. Our goal is to build long-lasting, mutually-beneficial relationships with savvy real estate investors by providing them with financial leverage and personalized guidance not available from anywhere else.
Whether you’ve already identified a property to flip in Upper Marlboro or just have a general interest in investing there, let’s start our conversation today – call New Funding Resources at 240-436-2340 .
Private Hard Money Loans - Upper Marlboro, MD Underwriting Criteria Summary
- 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
Upper Marlboro real estate market is heating up.
Settled around 1695 and named after John Churchill, 1st Dune of Marlborough (an ancestor of Winston Churchill), Upper Marlboro is a well-to-do community in Prince George’s county. With a median household income of almost $90,000 and a median home sales price of $370,000, Upper Malboro is definitely on the upswing. Our clients have had consistent luck buying and rehabbing homes there, however, the inventory is tight and competition is severe. It might take you some time to find a property with the right fundamentals to make you money. Be patient, find an agent that specializes in working with real estate investors, and – the holy grail of investing – try to find an off-the-market property.
Ready to work with a private lender deeply familiar with Upper Marlboro? We are just a phone call away at 240-436-2340.
Why hundreds of borrowers prefer to use us their Upper Marlboro private lender of choice
“Dependable, straightforward, and simple” – these are the three adjectives our borrowers describe us with. We’ve been lending in the DMV area for almost 22 years and have been focusing on working with real estate investors since 2006. Avid investors ourselves, we’ve built an extensive real estate portfolio both in Montgomery and PG Counties and flipped numerous properties in and around Washington, DC. Our in-depth knowledge of the DMW real estate market allowed us to develop unique underwriting criteria to identify borrowers and transactions that are likely to succeed. We openly share our expertise, help you weigh your options, avoid unnecessary risks, and make smart business decisions.
Ready to learn more about our hard money loans in Upper Marlboro, MD?
Join the many successful real estate investors who have worked with New Funding Resources in the past. All our loans are collateral-based, and we secure them against investment properties you’re planning to purchase or already own. We don’t lend on owner-occupied homes; we specialize in offering private mortgage loans to rehabbers looking to make a profit on their investments. Unlike many other private lenders out there, we are not credit-score driven and can work with different types of credit histories. We are also truly NO DOC – we don’t verify your income, ask for your paystubs or tax returns. 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 now offer awesome fixed-rate 30-year-term refinance options.