Fulford Lending
Falls Church
Falls Church, VA 22042
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About Fulford Lending
For the past decade we have been the Washington DC metropolitan area’s premier direct private lender. Borrowers go to banks to fill out applications, borrowers come to Fulford for fast funding. If you need business or investment related funding and have real estate that meets our LTV standards, we fund the deal. That simple. Our common sense approach to hard money lending, decades of local real estate expertise, and respect for our borrowers have blessed us with a bounty of repeat business. Call today and find out why Virginia, Maryland, and D.C fund with Fulford.
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Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans, Hard Money Loans, Investment Property Loans, Bridge Loans, Refinance / Cash Out Loans, New Construction Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Mixed Use, Single Family
Areas Served: DC, MD, VA
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Lending Guidelines for Fulford Lending
Below are the general loan guidelines published on the Fulford Lending website. Please confirm all terms and rates directly with the lender.
Fix and Flip Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 50%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 DaysCommercial Hard Money Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 DaysHard Money Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 1 DaysInvestment Property Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 DaysBridge Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 DaysRefinance / Cash Out Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 DaysNew Construction Loans
Loan Amounts: $25,000 - $2,000,000
Available Rates: 9% - 15%
Typical Terms: 12 months - 60 months
Points Charged: 2% - 4%
Max Loan-to-Value (LTV): 65%
Max Loan-to-Cost (LTC): 65%
Owner Occupied Allowed: NO
Interest Only Loans: YES
Prepayment Penalties: NO
Minimum FICO Score: N/A
Time to Close: 3 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Fulford Lending.
Loan Example 1
Juanita takes a fix and flip loan from Fulford Lending in order to rehab a duplex to resale in Baltimore, MD. The price of the property is $370,000. The terms of the loan include a 55% loan to value (LTV), so she must contribute 45% of the price as cash to closing, making the principle note amount $203,500. The loan is interest only, with monthly payments, and is for 6 months at 10% interest with 4 points paid at closing.
Juanita will have to contribute $166,500 to the closing (45% on the 55% loan to value), plus she will have to pay the $8,140 origination fee. she must then pay $1,696 monthly to the lender. If Juanita achieves her goal of a $555,000 total sales price at the end of the loan term, she would pocket a gross profit of $166,685 after re-paying the principle on the note and subtracting the money she brought to closing, the origination fee, and the monthly interest payments.
Loan Example 2
Louis locates a duplex in Baltimore, MD to remodel and re-sell. Because he does not have enough cash to buy the property outright, he takes a fix and flip loan from Fulford Lending with the following parameters:
a) A $270,000 purchase price, b) a 75% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 4% origination fee.
If Louis succeeds in his goal of a $337,500 sales price, the outcome of the project will be the following:
$337,500 sales price
- $202,500 principle (75% LTV)
- $67,500 cash paid at closing (25% on 75% LTV)
- $8,100 origination fee (4% of the $202,500 principle amount)
- $27,338 interest payments (18 months x 9% interest)
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= $32,063 gross profit (does not include taxes or renovation costs) -
by Colby W. 10/19/2023
Their team was knowledgeable and walked me through the loan process with patience. I appreciated their transparent approach, especially when discussing the terms and conditions. While there were a couple of minor delays in communication, overall, the experience was positive. I'd recommend them to others looking for a reliable lending service.
Their team was knowledgeable and walked me through the loan process with patience. I appreciated their transparent approach, especially when discussing the terms and conditions. While there were a couple of minor delays in communication, overall, the experience was positive. I'd recommend them to others looking for a reliable lending service.by M 04/28/2022
Nathaniel Fulford gets your info, approves you for the loan, tells you, you'll close at the end of the week. Then won't take or return any of your calls. Waisted one and a half months on him. Not good business.
Nathaniel Fulford gets your info, approves you for the loan, tells you, you'll close at the end of the week. Then won't take or return any of your calls. Waisted one and a half months on him. Not good business.by Natural Beauty Day Spa 10/24/2019
This company is great. They do not play games. They gave me an answer the same day, and I was funded by the latter part of the week.
This company is great. They do not play games. They gave me an answer the same day, and I was funded by the latter part of the week.by Natural Beauty Day Spa 10/24/2019
This company is great. They do not play games. They gave me an answer the same day, and I was funded by the latter part of the week.
This company is great. They do not play games. They gave me an answer the same day, and I was funded by the latter part of the week.by AnNE Brown 07/15/2018
They are flexible with their loan terms, as well as easy to work with.
They are flexible with their loan terms, as well as easy to work with.
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