★★★★★
"Approved and settled in less than two weeks. The draw process was seamless. Funds hit the next business day every time."
Direct, asset-based financing from 9.95%.* Typically close in 5–10 business days — as fast as next day when a deal demands it — and construction draws fund the same day.
Also known as bridge loans: same product, same team.
Pimlico Capital's hard money loans are bridge loans: short-term, asset-based financing for investors who need to move on a deal fast. We qualify the property, not your tax returns, and close in days, not weeks.
As a direct lender, we control our own capital, so decisions are fast and documents are minimal. No income verification, no W-2s. The full terms are on the right.
| 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 – 12 months |
| Minimum FICO | Typically 600 — exceptions considered |
| Property Types | 1–4 unit residential, multifamily, mixed-use commercial |
| Draw Funding | Same business day |
| Close Time | Typically 5–10 business days; next-day possible |
| Prepay Penalty | None |
Hard money is short-term, asset-based financing secured by real estate — built for real estate investors who need to move fast. We underwrite the property itself: its value, your rehab plan, and how you'll exit. That's what makes a close measured in days possible instead of weeks.
Auctions, off-market wholesale deals, and motivated sellers reward the buyer who can close first. A hard money close measured in 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. Credit still factors into your rate, but it's one input among several, not a hard cutoff.
Vacant, outdated, or mid-renovation — properties that need work are the whole point. We fund the acquisition plus 100% of the rehab, so you can renovate, stabilize, and refinance into long-term financing.
We fund 100% of your approved rehab budget through a flexible draw schedule, with draws disbursed the same business day.
Before closing, our in-house project manager reviews your rehab budget with you and builds a draw schedule around your project's milestones and timeline.
Complete a phase of the rehab, then submit a draw request through your borrower portal with photos.
Approved draws are funded the same business day, keeping your project moving without delays.
Pimlico Capital lends across the Eastern U.S. — and it all started here. We're headquartered in Baltimore, we've funded thousands of deals across the Mid-Atlantic, and our team knows these markets block by block.
Maryland, DC, and Northern Virginia are where we've closed the most deals, and it shows. We know the neighborhoods, the title companies, and the local quirks that can slow a closing down. When you call about a property here, you're talking to a team that has funded deals on that same block — and the same underwriting goes into every loan we make, in every state we lend in.
View our Maryland lending page →We also fund bridge deals in Pennsylvania, New Jersey, Delaware, New York, West Virginia, Kentucky, Tennessee, Mississippi, Georgia, Florida, the Carolinas, Alabama, Ohio, and Indiana — and our 30-year DSCR rental loans are available nationwide.
See all states we lend in →Related: Full Requirements Checklist · Size Your Deal · Exit Into a 30-Year DSCR Loan · DC BRRRR Case Study · $112K Baltimore 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."
"I had a deal fall through 5 days before closing with another lender. Called Pimlico Tuesday, had a term sheet Wednesday, closed the following Monday."
"As a broker I've sent 20+ clients to Pimlico over two years. Never a blown closing, never a surprise condition. They communicate better than most banks."
"Pimlico is the only lender I trust with my time-sensitive deals. When I need to move fast, they move fast. No other private lender comes close."
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