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Hard money and fix and flip loans in Bethesda, MD
Financing for tear-down rebuilds, high-end renovations and new construction in Bethesda and Chevy Chase.
The Bethesda market for investors
Bethesda is one of the most expensive markets in the region, home to the National Institutes of Health and Walter Reed National Military Medical Center, with a dense downtown on the Red Line. Land values are high enough that many older houses are replaced rather than renovated.
Investors and builders buy older homes on good lots, tear them down and build new, or carry out large renovations for resale. Larger loans and longer construction schedules are normal here.
Areas investors ask about
- Bethesda and Chevy Chase: tear-down rebuilds on established lots
- Bradley Hills, Kenwood and Westmoreland Hills: high-end renovation and new construction
- Downtown Bethesda: condos near the Red Line, held as rentals
Plan for these on a Bethesda deal
- New-home permits and demolition approvals in Montgomery County take time. Plan the construction loan term around a realistic permit date.
- Montgomery County requires a rental housing license for rental units, with inspections. Budget time for it before the first tenant moves in.
- Montgomery and Prince George’s counties limit short-term rentals to a host’s primary residence, so investment properties are underwritten on long-term rent.
- At these values the loan size matters. Our loans run to more than $10 million.
Loans available in Bethesda
| Program | Use it for | Top leverage |
|---|---|---|
| DSCR rental loans | Purchase or refinance of long-term rentals, rowhouses, condos and small multifamily | 85% loan-to-value to buy, 80% on a cash-out refinance |
| Ground-up construction loans | Building a home, an infill rowhouse or a rental from the ground up, lot included | 90% of cost for experienced builders, up to 70 to 75% of the finished value |
| Fix and flip loans | Purchase plus renovation of a property you intend to sell | 90% of the purchase price and 100% of the rehab, up to 70 to 75% of after-repair value |
| Portfolio and commercial loans | A group of rentals under one note, or multifamily and commercial property | 80% on a portfolio purchase; commercial priced per deal |
Bethesda hard money loans: common questions
Yes. We lend up to 90% of total cost for experienced builders, with up to 70% of the lot cost included, within 70 to 75% of the finished value.
Yes. Loans run from $75,000 to more than $10 million.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are ready. Rental and DSCR loans take about 30 days, appraisal included. Closings are handled by a title company or settlement attorney.
Looking at a property in Bethesda?
Send the address, the price and what you plan to do with the property. We will reply with the leverage and pricing that fit your deal.