HMLs in Maryland

[Christine Nieva]

Hello everyone I am looking for Hard Money Loan referrals in the Maryland (Washington DC Metro) area. I will be rehabbing in the city of Gaithersburg, MD particularly, and would love to receive some local HMLs others have worked with. Thanks in advance, looking forward to hearing from you all!

[Karen Reynoso]

I recently had a client who closed on a rehab with New Funding Resources and the transaction went smoothly. 

And I've personally used Pine Financial Group, not local but just breaking into the DMV area. Ill send you a PM with POC.

[Christine Nieva]

Originally posted by @Karen Reynoso:

I recently had a client who closed on a rehab with New Funding Resources and the transaction went smoothly. 

And I've personally used Pine Financial Group, not local but just breaking into the DMV area. Ill send you a PM with POC.

 Many thanks Karen! I will be reaching out to them within a month. Looking forward to keeping in touch with you as you're in the area!

Christine

[Karen Reynoso]

@Christine Nieva Glad i could help!

[Shawn Gageby]

@Christine Nieva You could look at Lima One Capital.  They have some good programs and can do loans in the DMV area.

[Christine Nieva]

@Shawn Gageby Thanks for the referral Shawn! If youve ever heard of the podcast called Best Ever Real a Estate Investing podcast, Lima One Capital was brought up as well. At the moment they offer 3.5% origination, 12% interest. 

For a first time flipper, are these fair rates? I'm interested in finding an HML with ARV covering more than 70%+.

[Christian Sifuentes]

@Christine Nieva 3.5 origination fees and 12 %interest are good rates for first time flippers. Did you ever use Lima one capital? I am getting ready to close on a property in Maryland and looking for HML.

thanks 

[Andrew Michael]

@Christian Sifuentes 

I am going to email you.  

[Dominick Alfano]

I'd be interested in a source looking to lend as well. Currently seeking acquisition only or ARV based.