Private Mortgage Loans in Washington, DC
Fast Funding & Approval for Residential & Commercial Developers
At Great Jones Capital, we offer fast and flexible private mortgage loans for developers in the Washington DC, Maryland, and Virginia area. Our team of experts will work with you to provide unique private financing alternatives to a traditional mortgage. Our quick process allows borrowers, like you, to swiftly seize opportunities. We can work with you on private mortgage loans for multiple projects and offer numerous additional benefits that come with years of experience in the local market. Interest rates as low as 8%!
We specialize in private mortgage loans for non-conventional situations that often require quick closings or flexible financing that banks and traditional lenders can’t do or that would require weeks or months to approve and close. As a private mortgage lender in the DC area, we offer the perfect solution for real estate investors looking for creative financing solutions.
Highlights of our Private Mortgage Loans
• Interest Rate: Starting at 8%
• Loan Amount: $250,000 – $5,000,000
• Term: 3 months – 3 years
• LTV: Up to 70% LTV
• Pre-Payment Flexibility: Yes
• Lending Area: Washington DC, Maryland, and Virginia
Our private mortgage loans provide developers in DC with fast approval, fast funding, and interest only.
Residential Private Mortgage Loans
• Non-owner occupied 1 – 4 residential, condominium, townhomes
• Multifamily (5+ units) apartments
• REO and foreclosure purchases
Commercial Private Mortgage Loans
• Office, industrial, retail, hospitality
• Mixed use properties
• Vacant or leased buildings
• Mortgage and property pools
Construction Private Mortgage Loans
• Final stage residential and commercial
• Entitled land and lot loans
• Fix and flips
• Remodel and rehabilitation
About Our Borrowers
We provide private mortgage loans to real estate investors and developers in the Washington, DC metropolitan area. We require no minimum FICO credit score, no maximum debt to income ratios, and include all types of income (including self-employed) when underwriting and funding our loans. We also provide realtor commission advances at our partner company Agent Funding.
Apply for a Private Mortgage Loan Online
Great Jones Capital is a private direct lender with the financial resources to fund loans up to $5 million when banks will not. Because we underwrite and fund our loans in-house, we can offer easy qualification standards compared to traditional lenders. Whether you plan to purchase, refinance, or improve your real estate asset, we have the flexible alternative financing for your situation.
If you’re a developer in Washington, DC, Maryland, or Virginia and need fast approval and fast funding for a private mortgage loan, contact the private direct lenders at Great Jones Capital now or fill out an online application form.