Harwood Mortgages, based in Alexandria, VA, specializes in providing business, commercial, and short-term residential loans. With a focus on real estate investors and builders, they offer direct lending for purchasing distressed properties for renovation and remodeling.
Additionally, Harwood Mortgages offers short-term (bridge) loans secured by principal dwellings for one year or less. They also fund construction projects through loans disbursed in advances based on a draw schedule, with interest only paid on the advanced amount.
Founded over 40 years ago by Robert K. Harwood, a former Air Force pilot, Harwood Mortgages operates as a licensed mortgage lender in Virginia. Their equity lending model ensures all loans are backed by equity in Virginia real estate, with competitive rates and a loan-to-value ratio of 70% to 80% in underwriting decisions.
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