Pimlico Capital's Blog: Sharing our Knowledge

House Hacking In Baltimore

House Hacking In Baltimore

The Joint Center for Housing Studies at Harvard University published a study titled, “America’s Rental Housing 2020.” In that study, the Center reports that “…10.9 million renters—or one in four—spent more than half their incomes on housing in...

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Baltimore City: Green Spaces

Baltimore City: Green Spaces

Baltimore City may not always be perceived in the most positive light—it was famously referred to as a  “disgusting, rat and rodent infested mess” in the news—but there is a reason it is affectionately known as “Charm City.” Baltimore was...

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I don’t really need a permit, do I?

I don’t really need a permit, do I?

When renovating a house for the purpose of flipping it, the flipper can be tempted to forgo permits for building, electrical, and plumbing. The flipper is likely concerned about the cost of the permits in addition to the potential delay in...

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Underwriting: Why do we appraise in-house?

Underwriting: Why do we appraise in-house?

We do our underwriting in-house, and there is no charge to our borrowers for this service. Why don’t we use third party appraisers to value the collateral? In our experience, some third-party appraisers do not understand the local market as well as...

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Enhancing Curb Appeal: Greenery

Enhancing Curb Appeal: Greenery

There is no question that greenery and flowers around a house adds significantly to its curb appeal. One upside of the Greater Baltimore area is that it is blessed with four distinct seasons, meaning that these touches can be customized by time of...

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How did we select our contractor?

How did we select our contractor?

We are often asked for recommendations for contractors. We do not make it a practice to make such recommendations since if something goes awry, it could negatively impact our relationships with our borrowers. We allow our borrowers to select their...

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The Phone is Ringing

The Phone is Ringing

There is no doubt that capital markets have tightened in the face of the Coronavirus pandemic. While there remains access to funding, the funding requirements have changed. For real estate investors, that means that funders are offering lower LTVs...

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