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DC's Leading Private Lender

We have an easy application process, fast approvals and provide true value to hard money borrowers

Congressional Capital is widely respected as a reliable hard money lender that always comes through for its borrowers when needed. We funded through the pandemic, even in its most early days when other lenders left the market. Why? Because we are direct lenders who don't sell our loans. We alone decide the loans we fund, the timing of draw funding and the terms. We make the decisions, not some Wall Street bank. So, we can make very quick decisions on loans and you will deal directly with the decision makers. Our process is simple - complete our online application, meet us via zoom or in person and show us your work/the project. That's usually all we need. 

Our Private Lending Process

1

Submit a hard money loan application ​online, email us, or call us at 202-810-2271.

4

Based on your completed application and meeting with you/site visit we provide a Term Sheet (an outline of how the loan will be structured). We deliver the Term Sheet within 24 hours from getting the information we need from you to underwrite the deal.

2

We review the application and, if necessary, request any supplemental material.

5

Once you send us the signed Term Sheet, our lawyer will communicate with you to provide him with the information he needs to create loan documents as we proceed to Closing. 

3

If the hard money loan application fits our preliminary requirements, we contact you to set up a walk-through of the property and have a meeting to discuss your request. 

6

Once our lawyer has the necessary information and the title company informs us that title is clear - we can close. How quickly can we close? We have closed in as little as 3 days many times, and regularly close in 7 to 14 days!

Did You Know?

Apartment Building

WHAT SETS US APART

> Our knowledge and ability to help borrowers be successful

> Our reliability

> Our connections in the market

> Our ability to source deals for our  borrowers

> No selling of our loans, you deal with us from start to finish

> No pre payment penalties

> We can waive extension fees

> We can modify loans as needed, when others can't.

 - Examples include increasing the loan amount upon project completion or putting a second trust on a property when the value has been created. 

TYPICAL PRIVATE LENDING TERMS​​

> 65% - 70% Total Loan Amount of the After Renovation Value

 > Close in as fast as 3- 5 days

 > No personal credit review (we don't require, while other lenders do)

 > Loan Sizes: $150k - $5m

 > Interest Only Payments with no

    prepayment penalty

 > Competitive Rates

 > No Interest on undrawn

    construction funds

​HOW FAST ARE WE?

When we say fast, we really mean it.  We can meet any realistic deadline if the borrower gives us the information we need to make a quick decision

We can even offer:

   >  Same Day Term Sheets

   >  Closings in 5 Days or Faster!

   >  Draws that are funded in 2- 3 days from submission

HOW WE DO LOANS

Helping our Borrowers succeed is our #1 goal and all loan transactions funded by Congressional Capital are based on our core values:

   > Reliability - Our borrowers know we won't delay closings, they know we will help when they need us

   > Accessibility - When our borrowers call, we answer. We are responsive and make decisions accurately and quickly

   > Flexibility - We structure loans to meet our borrowers needs.

   > Fundamental Fairness - we always do what we think is fair when faced with hard decisions on extensions fees or otherwise.

   > Good People - Life and business are all about good people and we aim to find more good people and help them succeed.

TYPES OF PROPERTIES WE FINANCE

We can loan against most types of projects as we pride ourselves on flexibility, but most of our loans are for:

   > Single Family House Flips

   > Townhouse/Rowhouse Renovations

   > Condo Conversions

   > Rental Rehabs

   > Multi-Unit Residential

   > Vacant Land / Development

   > New Construction

   > Commercial / Retail

WHERE DO WE LEND?

We loan in Washington, DC, Maryland, Virginia and in South Florida. In short, we loan in markets where we have deep expertise and personal connections to help our borrowers succeed. We believe that the national lenders can't come close to he value we offer in markets where we have deep knowledge and connections. 

QUESTIONS?

Check out our FAQ's or call, text or email us today!  We've done almost any type of deal imaginable so don't hesitate to call if your deal is complicated or outside the box.

We Make Obtaining a Hard Money Load Easy

Fill out our simple hard money loan application and if we think we may be able to help, then we will contact you to meet in person or via Zoom to discuss the deal. Meeting via Zoom or in person to find out why you think you can make the project successful is the most important part of the process. Once we learn more about the project and about you, we will make a quick decision on whether we are interested in potentially funding the deal. 

We Provide Fast Direct, Private Hard Money Loans in DC

Since we are a direct, private lender with significant capital that wants to invest in our loans, we never have to worry about whether we have a buyer for a loan or a funding source lined up. We have investors who want to fund far more loans than we can do, which means that we can make quick decisions on deals that then lends to the ability to fund quickly. 

Why Borrowers Choose Congressional Capital 

At Congressional Capital, you get an incredibly responsive and dedicated hard money lender committed to helping every borrower succeed. Borrowers choose us because we are:

   > Reliable - Our borrowers know we won't delay closings, they know we will help when they need us

   > Accessible - When our borrowers call, we answer. We are responsive and make decisions accurately and quickly

   > Knowledgable - Our Borrowers know that if they face a challenge on the development of their project, we are here to provide advice           based on our many years of development experience.

   > Flexible - We structure loans to meet our borrowers needs.

   > Connected - Our borrowers know that we can connect them to consultants, contractors and other resources to help them succeed

   > Believe in Fundamental Fairness - we always do what we think is fair when faced with hard decisions on extensions fees or                          otherwise.

   > Find Good People - Life and business are all about good people and we aim to find more good people and help them succeed. 

Our Typical Fix and Flip or Residential Rehab Loan

We work with a variety of borrowers in the area who do renovate and flip or residential rehab projects in Washington, DC. Most of our clients purchase distressed properties at below market prices – usually off-market. They then renovate or remodel the property – modern appliances, kitchen and bath materials, hardwood floors, decks, etc. Upon completion, the properties look like a new build on the inside. Borrowers put the home on the market and a retail buyer will make an offer using conventional or FHA financing. Borrowers usually make a nice profit when they sell at retail price after the rehab!

Hard Money Loan Terms​ – Residential Rehab/Flips

While terms may differ on specific projects, we offer the following general terms for our residential rehab hard money loans:​

     • ARV: Up to 70% of the ARV of the property 
    • Length of Term: 6 Month Balloon Note (longer on case-by-case basis)
    • Payments: Monthly interest only payments usually required
    • Fees: No application fees

     • Points: Points vary depending on the loan but are competitive

     • Rates: We charge rates based on the market and project but are competitive with all DC lenders

     • Closing: Usually within 5–14 days of approval
    • Commitment: Same day or next day if application requirements are met 

     • Draws: Flexible draw schedules for renovation money

     • No prepayment penalty: We do not penalize you for paying us back sooner
    • No second mortgages: We only lend in the first position
    • Amounts: From $150,000 to $5,000,000

     • No Personal Information:  No employment verification, proof of funds, etc.

Hard Money Loan Terms​ -
Condo Conversions | Commercial | New Construction

Terms may differ on specific projects, but we offer the following general terms for condo conversions, commercial development, new construction and other standard hard money loan deals. The terms are generally consistent with above, although every deal gets approved and funded on a case-by-case basis.​

     • ARV: Up to 70% of the ARV of the property
    • Length of Term: 6 to 18 Month Balloon Note (depending on project type and scope)
    • Types: New Construction (Single Family Homes, New Row Houses or Multi-Unit Residential), 

       Commercial Properties, Condo Conversion, Multi-Unit Conversions, Mixed Use Developments and

       Other Income Producing Properties

     • Rates: We charge rates depending on the market but are competitive with all DC lenders

     • Funds: We fund acquisition and construction from our minimum loan amount up to our maximum

       ARV ratio.

     • Draws: Flexible draw schedules for repair money in accordance with our draw schedule

     • Undrawn funds: We do not charge interest on undrawn construction funds

     • No prepayment penalty: We do not penalize you for paying us back sooner