Private Real Estate Loans in Maryland
The HardMoney Company specializes in providing private real estate loans and hard money loans in Maryland. With experience providing loans for residential fix and flip projects as well as commercial projects, our team has the expertise required to help your next real estate project succeed. If you are interested in contacting our Maryland hard money lenders about a hard money loan, then please use the apply now button below to get in contact with our team.
Serving All of Maryland
Private Money Lenders in Maryland
HardMoney Company is a private money lender in Maryland offering asset-based loans to beginners and experienced investors for non-owner-occupied residential real estate that is being purchased, renovated and rehabbed.
Whether it’s rehab loans or investment for rental properties, HardMoney Company is a trusted name in private money lending in Maryland. If you need assistance with financing your next commercial or residential real estate project contact us today!
What Types of Hard Money Loans Do We Offer in Maryland?
Our Maryland hard money lenders have experience providing funding for a variety of different real estate projects. With this experience, we are able to work with individuals or corporations who are looking for private funding for nearly any type of real estate investment project. A hard money loan is a great option for those who are interested in receiving capital much quicker than a traditional banking institution can offer. Hard money loans also offer both parties more flexibility compared to traditional real estate loans. Work with our hard money lenders in Maryland to have the possibility to receive funding in as short as 5 days in certain situations.
Below are a few of the different types of hard money loans we offer in Maryland:
- Commercial Hard Money Loans
- Rehab Loans
- Fix and Flip Loans (House Flipping Loans)
- Bridge Loans
- And more!
How to Fix and Flip a Property Quickly with Hard Money Financing
Do Your Research
Begin the process by researching the type of financing that’s available to you, the kinds of repairs you’re able to take on, and the properties available in your area and budget.
Find a Property
Once you’ve conducted your research, seek out a real estate agent to help you find a property that will work for you. Tour the properties, learn more about the repairs needs, find licensed contractors, and then prepare to make an offer on the one you like best.
Secure a Loan
There are several financing options available: traditional loans, private loans (such as hard money loans), and alternative financing such as crowdfunding.
Private financing, in particular, is a fast and efficient way to obtain financing without needing to jump through a lot of hoops. It’s a great option for people who need funding quickly or may be credit challenged.
Find Your Contractor
Reach out to a few local contractors in your area that specialize in the type of work you need to do on your property. Secure an estimate and select the contractor that will do the best work for the most reasonable price.
Renovate Your Property
Begin your renovation process. This can take anywhere from a few weeks to a few months, so be patient and continuously check in with your contractor and their crew to ensure that everything remains on schedule.
Stage and Sell the Property
Once the renovations are complete, it’s now time to decorate the property and list it so you can finally reap the benefits of your investment!
How Quickly Can a Typical Hard Money Loan Close?
Hard money lenders in Maryland know that they need to provide fast closings to meet clients’ needs. As for how long it takes to receive loan funding, this depends on the type of hard money loan needed, the circumstances of the loan, and the borrower’s current position in the loan process. Typically, hard money loans in Maryland take as few as two or three days and up to 10 days to close. These estimates are for ideal situations, however. There are factors that could result in delays.
What Property Types We Provide Loans For in Maryland
The HardMoney Company has experience with many different types of real estate property throughout Maryland. We are able to provide hard money loans for residential and commercial real estate property in Baltimore, Columbia, Germantown, Silver Spring, Waldorf, Ellicott City, Frederick, Hagerstown, and everywhere in between. Below are a few of the most common types of property we provide hard money loans for:
- Single Family Residential Homes
- Apartments Complexes and Condos
- Land Deals (Strict Restrictions Apply)
- Commercial Shopping Strips
- Office Parks
Where in Maryland We Provide Loans
We cater to all of Maryland, including the highlighted cities below:
- Silver Spring
- Ellicott City
- Glen Burnie
- Owings Mills
- College Park
- Fort Washington Hyattsville
- Oxon Hill
- Ocean City
Hard Money Loan Amounts We Offer in Maryland
We typically offer loan amounts from $50,000 to $5,000,000 in Maryland. If your project requires an amount that is outside this range, please reach out to our team to discuss.
Our Hard Money Lenders in Maryland
Our friendly and professional staff are available to answer any questions or comments about our loans. Interested in a hard money loan for your business in Maryland? Call today!
- Jerry Bouchard
Owner / Partner
- Steve Stoney
Senior Loan Officer
8150 Leesburg Pike, Suite A3,
Vienna, Virginia 22182