Pimlico Capital is a direct hard money lender offering 6–18 month hard money loans starting at 9.95%.* Asset-based underwriting, no income verification, fast closings.
See full hard money loan requirements → or fix-and-flip loan requirements →
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Pimlico Capital's hard money loans are bridge loans — short-term, asset-based financing for investors who need to move on a deal without waiting for conventional underwriting. We qualify the property, not your tax returns, and we close in days, not months.
As a direct lender, we control our own capital, so decisions are fast, documents are minimal, and rehab draws are disbursed within one business day of approval. Loans go up to 70% LTV with 100% of rehab costs funded.
| Hard Money Loan Terms | |
|---|---|
| Interest Rate | Starting at 9.95%* |
| Max LTV | Up to 70% LTV |
| Rehab Funding | 100% of rehab costs |
| Loan Amount | $75,000 – $3,000,000 |
| Loan Term | 6 – 18 months |
| Minimum FICO | 660 |
| Property Types | 1–4 unit residential, multifamily, mixed-use commercial |
| Draw Funding | Often same business day |
| Close Time | Typically within 5 business days |
| Prepay Penalty | None |
Hard money is short-term financing secured by real estate rather than the borrower's personal income or W-2 history. The underwriting focuses on the asset — its current value, the rehab plan, and the after-repair value — which is why investors use it when speed and certainty of close matter more than the lowest possible rate.
Auctions, off-market wholesale deals, and motivated sellers don't wait 45 days for a conventional underwriter. A hard money close in 5 business days wins the deal.
No tax returns, no W-2s, no DTI calculations. We underwrite the property's value, the rehab scope, and the exit — not your day job. 660 FICO minimum is the only credit gate.
Conventional lenders won't finance a property that needs work. Hard money funds the acquisition and 100% of the rehab budget through a draw schedule so the asset can be brought to market or refinanced.
We fund 100% of your approved rehab budget through a flexible draw schedule, with draws often disbursed the same business day they're approved.
Before closing, we review your rehab budget and agree on a draw schedule based on project milestones.
Complete a phase of the rehab, then submit a draw request through your borrower portal with photos.
Approved draws are often funded the same business day, keeping your project moving without delays.
Pimlico Capital is headquartered in Baltimore. We have funded thousands of deals across the Mid-Atlantic, and our team knows these markets the way most lenders only pretend to.
From Baltimore City rowhouses to Montgomery County teardowns, we close hard money loans across every Maryland market. We understand ground rents, Section 8 tenants, and Baltimore's specific title requirements — because we've closed hundreds of deals here.
View our Maryland lending page →The DC Metro is one of the most competitive investment markets on the East Coast. Sellers and auction companies won't wait for conventional underwriting. Our 5-business-day close is built for that environment.
We also lend in Pennsylvania, New Jersey, Delaware, New York, Georgia, Florida, the Carolinas, Indiana, and Alabama.
See all states we lend in →Hard money loans and bridge loans are the same product at Pimlico Capital — same team, same underwriting, same draw process. Some investors prefer one term, some prefer the other. Either way, you're in the right place.
Not sure how much you'll qualify for? Try our Deal Sizer → Planning to hold the property long-term? You can refinance into a 30-year DSCR rental loan → See real deals we funded: a full BRRRR on a DC townhouse and a $112K Baltimore row-home flip.
"Approved and settled in less than two weeks. The draw process was seamless — funds hit the next business day every time."
"I closed 2 properties with Pimlico. Smooth, simple, and the easiest lender I've ever worked with. A+++++"
"Best hard money lender I've worked with. Extremely easy to use, receptive, and competitive."
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