Maryland Real Estate Investing

Hard Money Lenders in Maryland

Whether you're flipping a Baltimore rowhome, buying a rental in the suburbs, or taking on your next project on the Eastern Shore, Pimlico Capital has financing built for Maryland investors.

We are direct hard money lenders in Maryland, and we have closed more than 3,000 loans here since 2016. Our bridge loans cover the purchase and the renovation on a fix and flip, and our 30-year DSCR loans are built for the investors who plan to hold the property and rent it out.

Brick colonial single-family home with a two-car garage in suburban Maryland
3,000+Deals closed in Maryland
LocalFounded in Baltimore
10+Years lending experience
Investing Across Maryland

Maryland Markets

Maryland may be one state, but real estate investors aren't working with one market. A Baltimore rowhome, a suburban townhouse outside D.C., and a rental on the Eastern Shore can have very different numbers, and very different opportunities.

  • Baltimore & Surrounding Areas

    You will find more rowhomes, townhouses, and value-add opportunities here. See our Baltimore City and Baltimore County pages for how we lend in each.

  • D.C. Suburbs

    Properties cost more here, and demand for long-term rentals stays strong.

  • Eastern Shore

    These are smaller markets, and they carry a mix of rentals, second homes, and value-add properties.

  • Western & Southern Maryland

    There is more space out here, the price points are different, and the local markets are smaller.

Anne Arundel Baltimore County Harford Howard Baltimore City Caroline Cecil Dorchester Kent Queen Anne's Somerset Talbot Wicomico Worcester Calvert Charles Montgomery Prince George's St. Mary's Allegany Carroll Frederick Garrett Washington
  • Central Maryland
  • Eastern Shore
  • Southern Maryland
  • Western Maryland
Your Investment Strategy

What Are You Planning to Do With the Property?

Whatever the strategy, we can help you structure the financing around the deal.

Fix & Flip / Bridge

Buy → Renovate → Sell
  • Up to 90% LTC and 75% of ARV
  • 100% of the approved rehab funded
  • 6-12 month terms, extensions available
  • Same-day draws
  • $75K-$3M loan amounts
Explore Bridge Loans →

Buy & Hold (30-Year DSCR)

Buy → Rent → Hold
  • Up to 80% LTV on purchase and rate-and-term refi
  • Qualify on the rent, not personal income docs
  • $75K-$1.5M per property
  • Portfolio loans available
Explore Rental Loans →

BRRRR

Buy → Rehab → Rent → Refi
  • Start with a bridge loan
  • Purchase plus rehab financing
  • Refinance into a 30-year DSCR loan
  • Hold with long-term rental financing
Explore the BRRRR Strategy →
Local Rules

What Maryland Investors Should Know

  • Pre-1978 rentals register with the state, not just the city. Every rental unit in a pre-1978 property has to be registered with the Department of the Environment within 30 days of buying it.
  • Maryland landlords now have new tenant notice requirements. Maryland landlords must now provide tenants with the state's Tenants' Bill of Rights as part of the lease. The state also has specific requirements around security deposits, including a general one-month cap and rules for handling and returning deposits.
  • Buying at a Maryland foreclosure auction does not hand you title that day. However the sale is brought, the case is filed in the circuit court for the county where the property sits, and that court has to ratify the sale before title passes to the buyer.
  • Transfer and recordation tax is not one statewide number. The state transfer tax is 0.5% of consideration, and each county adds its own transfer rate and its own recordation rate. Get the current figure from the clerk in the county you are buying in.
Maryland

Recently Funded

Take a look at some deals Pimlico Capital recently funded in Maryland

Brick and shake townhouse in Harford County, MarylandHarford County3 Property Portfolio
$275k
Maryland
Rental Loan
Cash-Out Refi
Two-story home at dusk in Carroll County, MarylandCarroll County100% Construction Funded
$340k
Maryland
Bridge Loan
Fix & Flip
Single-family home with a covered porch in Howard County, MarylandHoward CountyBRRRR Deal
$292k
Maryland
Bridge → Rental
Cash-Out Refi
Common Questions

Maryland Lending FAQ

What should I know before buying an investment property in Maryland?
Maryland has different rules and requirements depending on the property and where it's located. Before you buy, check local rental licensing and registration requirements, property taxes, zoning, lead certification, and any tenant or municipal requirements that could affect the deal.
Does Maryland have lead paint requirements for rental properties?
Yes. Maryland has specific requirements for rental properties built before 1978. These properties generally must be registered with the Maryland Department of the Environment and meet lead risk reduction or lead-free certification requirements. The requirements can also vary depending on the property's age and condition.
Do you offer 30-year DSCR loans in Maryland?
Yes. A 30-year DSCR loan qualifies on the rent the property brings in rather than on your personal income, so there are no tax returns or W-2s in the file. We cover purchases and refinances from $75,000 to $1.5 million per property, and portfolio loans are available when you are financing several rentals at once.
What should I know about buying a foreclosure in Maryland?
Maryland foreclosures can offer opportunities for investors, but the process differs from a traditional purchase. Before bidding, review the property's title, liens, occupancy, and condition so you understand what you're taking on.
What taxes should I expect when buying an investment property in Maryland?
In addition to property taxes, Maryland real estate transactions can involve state and local transfer and recordation taxes. The amount depends on the purchase price, jurisdiction, and how the transaction is structured, so investors should account for these costs when evaluating a deal.
Explore Other Markets
Local Insights

From the Blog: Maryland

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