Hard Money Loans in District of Columbia
Invest in D.C. as it has proven to be a reliable and upward moving market, with homes continually selling at or above the listed price. According to WTOP news, sellers receive, on average, 99.7% of the asking price, making it one of the best seller's markets on the East Coast.
District of Columbia Loan ApplicationInvestment Properties in District of Columbia
District of Columbia offers a unique opportunity to benefit from its booming real estate market.
Washington, DC, the U.S. capital, Located on the Potomac River, bordering the states of Maryland and Virginia. It’s defined by imposing neoclassical monuments and buildings – including the iconic ones that house the federal government’s 3 branches: the Capitol, White House and Supreme Court. It's also home to iconic museums and performing-arts venues such as the Kennedy Center
While many businesses flock to the D.C. area in support of government agencies, there is also a strong financial and technology sector bringing in many talented executives and workers. This keeps the rental and real estate market traditionally strong. When thinking of DC you cannot forget about the very high number of small businesses and small business employees which make up a majority of companies and almost half of the employees. Some of the Largest Companies Based in the Washington D.C. Area Lockheed Martin (LMT) Headquarters: Bethesda, MD. ... Danaher (DHR) Headquarters: Washington, D.C. ... General Dynamics (GD) ... Northrop Grumman (NOC) ... Marriott International (MAR) ... Capital One Financial (COF) ... AvalonBay Communities (AVB) ... Hilton Worldwide (HLT)
Homes are selling for a mean price of $691,997 in District of Columbia and rental units average around $2,260 per month. And with District of Columbia's growing population, there is an increased demand for both.
In addition to having a strong tourism industry, District of Columbia's economy benefits from its demographic composition. 22.22% of District of Columbia's residents are between the ages of 25 and 34, 14.77% are between 35 and 44, and 34% are over 44 years old, which provides a good distribution of prospective home buyers and renters.
District of Columbia's future is filled with opportunities to profit from real estate. Contact LSM today to expand or start your investments here.
Washington, DC, the U.S. capital, Located on the Potomac River, bordering the states of Maryland and Virginia. It’s defined by imposing neoclassical monuments and buildings – including the iconic ones that house the federal government’s 3 branches: the Capitol, White House and Supreme Court. It's also home to iconic museums and performing-arts venues such as the Kennedy Center
While many businesses flock to the D.C. area in support of government agencies, there is also a strong financial and technology sector bringing in many talented executives and workers. This keeps the rental and real estate market traditionally strong. When thinking of DC you cannot forget about the very high number of small businesses and small business employees which make up a majority of companies and almost half of the employees. Some of the Largest Companies Based in the Washington D.C. Area Lockheed Martin (LMT) Headquarters: Bethesda, MD. ... Danaher (DHR) Headquarters: Washington, D.C. ... General Dynamics (GD) ... Northrop Grumman (NOC) ... Marriott International (MAR) ... Capital One Financial (COF) ... AvalonBay Communities (AVB) ... Hilton Worldwide (HLT)
Homes are selling for a mean price of $691,997 in District of Columbia and rental units average around $2,260 per month. And with District of Columbia's growing population, there is an increased demand for both.
In addition to having a strong tourism industry, District of Columbia's economy benefits from its demographic composition. 22.22% of District of Columbia's residents are between the ages of 25 and 34, 14.77% are between 35 and 44, and 34% are over 44 years old, which provides a good distribution of prospective home buyers and renters.
District of Columbia's future is filled with opportunities to profit from real estate. Contact LSM today to expand or start your investments here.
Loan Summary Information for District of Columbia
Getting the right funding in District of Columbia can be challenging but we can help; Lend Some Money (LSM) offers private money for real estate, built for your local investment needs in District of Columbia. Whether you flip houses, or are interested in building a new home to sell, or a rental for the long term, LSM has a product that can help. We are one of the premier hard money lenders in District of Columbia. Read on to learn more about our current offerings in District of Columbia.
| Loan Products | FICO | $ Loan | Term | Rate | Points |
|---|---|---|---|---|---|
| FIX&FLIP (BRIDGE) | 620+ | $75K+ | 12-24 Mos | 10.25%+ | 2-4 |
| RENTAL (1-4) | 660+ | $75K+ | 30-Yrs | 7.59%+ | 1-4 |
| RENTAL (5+) | 680+ | $250K+ | 30-Yrs** | 7.89%+ | 2-5 |
| NEW CONSTRUCT | 650+ | $75K+ | 12-24 Mos | 10.89%+ | 2-4 |
All loans must be used for non-owner occupied properties purchased for investment. Commercial properties are not eligible for lending unless they are mixed use and comprise at least 50% residential use.
** 30 Years 5, 7, 10 or interest only