Where Pimlico was founded — and where we've closed more deals than anywhere else.
Pimlico Capital was founded in Baltimore in 2010, and Baltimore City and County are where we've deployed more capital than any other market we serve. We know the rowhouse-by-rowhouse differences between Canton, Hampden, and Patterson Park. We know which ground rents will trip up a new investor and which Section 8 holds underwrite cleanly. If you're investing in Baltimore real estate, you're working with the local lender.
Both of our core products are available across Baltimore City and Baltimore County to investors and entities (LLCs, corps, trusts). No owner-occupied loans.
Active book and on-the-ground knowledge — fix-and-flip, BRRRR, and 30-year DSCR holds across Baltimore City and Baltimore County.
Tight rowhouse stock, strong rental demand from young professionals, and reliable comps. A core fix-and-flip and DSCR rental market.
Waterfront historic district with high ARV ceilings. Renovation rules can be strict — we know how to underwrite around them.
Brick rowhouses south of the Inner Harbor. Established flip market with consistent buyer demand and strong rental comps.
Walkable neighborhoods adjacent to JHU. Great DSCR territory, with a steady flow of rehab and BRRRR opportunities.
One of our highest-volume flip neighborhoods. We funded a $112K-profit row-home flip here — see the case study below.
East-side flip and rental territory with strong rent-to-price ratios. Fits both bridge and 30-year DSCR strategies.
Value-add opportunities with rising ARVs. We know which blocks underwrite and which don't.
JHU-adjacent rental territory. Steady tenant demand, good DSCR cash flow, and solid resale ceilings on flips.
East-side county flip and rental territory. Lower entry price points and meaningful rent-to-price spreads.
Higher price points, newer stock, and a DSCR rental sweet spot. Great for buy-and-hold investors scaling a portfolio.
A non-exhaustive list of the Baltimore-specific things we deal with every day.
A national lender with a call center won't know that a Baltimore rowhouse needs a ground-rent redemption check at title, or that some Patterson Park blocks comp out 30% higher than the ones two streets over. We've closed thousands of deals in Baltimore — and we've hit (and learned from) every local curveball.
Get a quote online or call us. We'll size the deal in 24 hours.
Our in-house team underwrites with local Baltimore knowledge, not a scoring algorithm.
5–10 business days for bridge, 3–4 weeks for 30-year rental.
Market updates, neighborhood breakdowns, and real Baltimore deals from our team. See every market we serve on our Where We Lend page.
Inventory is tightening, prices are holding, and investor activity is picking up. Here's what we're seeing on the ground.
As Baltimore-based hard-money lenders, we keep close tabs on our own backyard. Here's why we believe Baltimore is one of the most compelling investor markets in the Mid-Atlantic.
Where Baltimore sits inside the broader Maryland investor landscape — urban, suburban, and DC-corridor markets.
Where Baltimore investors look, what to watch for, and the real trade-offs.
We walk through every number on a recent Patterson Park flip: purchase, rehab, holding costs, and exit.
We financed the bridge and the DSCR refi. Here's every number from purchase through long-term refi.