Bridge loans for the flip. A 30-year DSCR loan for the rental.
Baltimore County is the second busiest market in our book. We have closed more than 300 deals here since 2019, and 60% of them have come since the start of 2024. We are 20 minutes from most of it.
The median loan we close in the county is $189,650, with the middle half between $154,000 and $240,000. That runs higher than a city rowhouse. If the county is your first move outside Baltimore, price that in.
Both products are available across the county to investors and entities (LLCs, corps, trusts). No owner-occupied loans.
Fifty-nine percent of what we close in Baltimore County is a 30-year DSCR rental loan. The other 41% is bridge money for a purchase or a rehab. That is further toward the buy-and-hold side than our book as a whole, and it is the clearest difference between working the county and working the city.
More than 200 of our county closings have been DSCR loans. The median one is $187,500, with the middle half between $157,000 and $219,000. The loan qualifies on what the property rents for, not on your tax returns. Program details are on our 30-year DSCR rental loan page.
Half the collateral we have taken in the county is a single-family house and another 38% is a townhouse. The rest is mostly duplexes and small multifamily, with the occasional condo. Dundalk and Essex look nothing like Pikesville or Reisterstown, and we underwrite all of it.
We fund the purchase and the rehab with a hard money bridge loan. Once the property is finished and rented, we refinance it onto a 30-year DSCR loan. Roughly 24% of our Baltimore County DSCR borrowers financed a purchase or a rehab with us first.
More than 140 of our county closings have been bridge loans. The median is $200,000, with the middle half between $146,000 and $275,000. If you have not run a two-stage deal before, our walk-through of the BRRRR strategy takes it step by step.
The second loan is the easy one. We already have the file, the appraisal history and a finished project to look at, so the refinance is not a cold start. Borrowers here come back: across the county it works out to about 2.5 closed deals for every borrower.
These are the parts of the county we are in most often. We lend everywhere else in it too, and across the rest of Maryland. For deals inside the city line, see our Baltimore lending page.
Five rules that catch investors crossing the county line.
See more information on the following sites:
Get a quote online or call us. We'll size the deal in 24 hours.
Our in-house team underwrites with local knowledge of the county, not a scoring algorithm.
5–10 business days for bridge, 3–4 weeks for 30-year rental.
Market updates, deal breakdowns and lending guides from our team. See every market we serve on our Where We Lend page.
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For a small coastal state, Maryland covers a lot of ground. Urban, suburban and rural, with a dense commuter corridor running between Baltimore and DC.
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