Direct Hard Money Lender for Real Estate Investors

Pimlico Capital is a direct lender that provides real estate investors a flexible and efficient process with quick turnaround times, minimal documentation, and unmatched personalized service. Pimlico Capital offers a variety of loan product options including: Single asset residential fix-and-flip, Single family long term rental, Portfolio lending for single & Multi-family Up to 10 Units, Commercial real estate bridge loans.

Short-Term Bridge Loans in the East Coast

Our lending program is a bit more flexible for properties in the East Coast states where we have more experience:

  • New York Metro Area, DMV Region, Carolinas, Florida
  • No formal appraisals – We do in-house valuations and may drive to the property
  • SFR, Multifamily, Commercial Properties (see list below)
  • Legal fee of $795 and points are the only fees we typically charge for short-term loans
  • Bridge loans up to 70% LTV
  • Fix & flip or rent-to-rent loans up to 90% LTC and 70% ARV
    • 4 free draws for rehab projects

DSCR Long-Term Loans Nationwide

We offer long-term financing for real estate investors and multifamily properties up to 10 units in urban/suburban areas in 46 states. See our guidelines below.

Property Geographic Area Details
We lend in the Eastern States for short-term bridge loans and nationwide (except 4 states) for DSCR long-term rental loans.
Loan Amounts
$75,000 to $5,000,000
Interest Rates
10.5% to 12%
Loan Terms
3 months to 360 months
Origination Fees
2% to 3%
Lien Position
1st
What we do:
Bridge, Rehab, Flip, DSCR, Construction
Rehab Projects up to 90% Loan-to-Cost
LTV / ARV up to 70% for bridge loans
In-house valuation for most bridge loans
What we don’t consider:
Owner-Occupied Homes
100% Financing or Gap Loans
Land Loans
Rural Areas
Credit Check Required

yes

Minimum 600 FICO score required. For short-term loans we are flexible when it comes to credit scores. For long-term rental loans, the minimum score is 660.
Prepayment Penalty

yes

3 months for short-term loans. 30-year rental loans typically have a step-down pre-pay penalty of 3-5 years.
Typical Closing Time (Days)

7

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 70%
Max LTP Multifamily: 70%
Purchase Long-Term
Max LTP Residential: 80%
Max LTP Multifamily: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Refinance Long-Term
Max LTV Residential: 75%
Max LTV Multifamily: 75%
Residential Fix & Flip
Max LTP: 90%
Max LTC: 90%
Max LTARV: 70%
Residential Rehab & Hold
Max LTP: 90%
Max LTC: 90%
Max LTARV: 70%
Multifamily Value-Add
Max LTP: 90%
Max LTC: 90%
Max LTARV: 70%
Residential Construction
Max LTC: 90%
Max LTCV: 70%

Property Types

  • 2-4 Units Residential
  • Condominium
  • Healthcare
  • Hotel
  • Industrial
  • Mixed-Use
  • Motel
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Retail
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental
  • Multifamily Bridge
  • Multifamily Rehab
  • Multifamily Long-Term
  • Commercial Bridge

Specialty Loan Types

  • Residential Long-Term Rental
  • Residential Short-Term Rental
Most of our clients contribute 10% cash to the purchase, but we may require more cash down from borrowers with no experience, or borrowers that have poor credit.

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

70%
Project must shovel-ready. We don't fund the land acquisition. We typically fund the vertical construction only.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes
660+ credit score required for long-term rental loans. $695 processing fee and $1,500 legal fees for DSCR loans. Documentation required: full appraisal, entity docs, hard credit pull, bank statement, insurance, lease, title docs

Minimum Loan Amount

$75,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

6.87%

Maximum Interest Rate

9%

Minimum Origination Fee

2%

Maximum Origination Fee

2%

Minimum Loan Term

36 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

75%

Maximum Loan-To-Purchase

80%

Seasoning Time

3 months

Minimum Debt Service Coverage Ratio

1.00

Minimum Credit Score

660

Will Lend on a Portfolio of Properties

Yes

Minimum Property Value

$100,000
No more than 10 units. $695 processing fee and $1,500 legal fees for long-term loans. Documentation required: full appraisal, entity docs, hard credit pull, bank statement, insurance, lease, title docs.

Minimum Loan Amount

$150,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

7.75%

Maximum Interest Rate

9%

Minimum Origination Fee

3%

Maximum Origination Fee

3%

Minimum Loan Term

36 months

Maximum Loan Term

360 months

Seasoning Time

3 months

Minimum Debt Service Coverage Ratio

1.00

Minimum Credit Score

660

Maximum Number of Units

10

Legal Fee

$795

Minimum Origination Fee Amount

$4,000

Fees which are mandatory for all new borrower clients

  • Legal Fee
  • Renovation or Construction Funds Draw Fee

Details and Requirements

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
  • Amortized
Maximum Units for Multifamily Properties

10

We only have a maximum number of units for long-term loans. For short-term loans, the number of units is only limited by our maximum loan amount.

Payment Structure Details

Short-term bridge loans are interest only

Will lend to a foreign national

yes

Foreign investors must have a tax ID number and US bank account.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
Documentation Required
  • Credit Report
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Minimum Credit Score Required

600

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
Legal Disclaimer

Loan terms subject to change without notice.

Pimlico Capital Testimonials

Russell W.

"I love working with Victor and the Pimlico, the team was great! Victor really helped me to get the job done under budget and on time right after finishing the project we had an offer within two weeks. I am looking for my next property and looking forward to working with Pimlico again."

Keara H.

"The whole team at Pimlico Group was absolutely amazing. Very fast process, no fine print to uncover, and they were very hands on. I was a first time borrower; therefore Victor and his team took the time to walk me through the process piece by piece. They were very responsive. I look forward to closing many more deals with this group."

The Gatira Family

"Pimlico team is the best lender in my opinion. I have worked with them on several deals and they have exceeded my expectations. They have the best team, that understands the life and challenges of Real Estate investors. I would recommend them to other investors."

Aaron E.

"A job well done us a team work a very positive attitude and a hard working people they put their best for your benefit and I will do it 100 times my deal with them."

Kathryn O.

"I LOVE working with Pimlico Group! Working with Aron and Victor has opened up a new line of dialogue and assistance to me with Real Estate Investing! I find them very approachable and easy to talk to. They make sure we steer clear of BAD deals and are on track to make money! Their honesty and integrity make working with them tremendous! Love men of their word and Aron and Victor are two men of their word!"

Rapahel C.

"I have been doing Real Estate Investing for 25 years and a Lender that will work with me is one of the most critical needs of my business. Victor and Aron were always available if i needed to discuss a problem or needed to restructure parts of the loan. Though I did not always get everything I wanted Victor and Aron worked with me to find a solution that worked for both of us. I was able to complete my project ahead of time and made a profit. Thank you for your service and I look forward to working with you again in the future."

Dereck H.

"Aron and Victor were great to work with on my rehab loan in Baltimore City. Professional, quick, and efficient the whole time. Were able to fund within a couple weeks and worked with me through a refinance process that took longer than expected. Great guys, great business."

Ronnie H.

"As a first time flipper, Pimlico provided me with great service. Victor's mentorship was invaluable. He was very transparent and the knowledge I gained through the process was priceless. Most importantly, the leaders of Pimlico (Victor and Aron) are honest people. I would recommend Pimlico to anyone looking for hard money lender."

Gary K.

"Pimlico Group is Number one in Baltimore Hard Money, closing is a snap with this lender Victor and Aron extremely reliable and honest. They are the best."

Amit B.

"quick turn over, very friendly, great to do business with. Highly recommended"

MickTK

"Victor and Aron are a dream team to work with. I won’t use anyone else."

Contact Pimlico Capital

Pimlico Capital pays us to be listed, so there is no fee to connect with them directly.
(410) 855-4600 (410) 855-XXXX
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Pimlico Capital was founded by real estate investors in 2016 to give other investors easier access to capital through a more efficient and transparent lending experience. By leveraging technology, we have a streamlined process from origination through the lifetime of the loan.
As a leader in the bridge & rental lending industry, Pimlico originates over $130M in loans annually across the United States.

Pimlico is a direct lender that is committed to providing an unmatched personalized lending experience for our valued partners. From origination through the lifetime of your loan, the Pimlico team is present every step of the way to ensure a flexible and efficient process, quick turnaround times and minimal paperwork.

We have real estate investor experience and know what it takes to be successful in today’s competitive market. We work hard to build long lasting relationships by earning our clients’ trust, which is achieved through our transparent and straightforward lending process.

If you want a direct lender that is dependable, flexible, and easy to work with and ultimately a superior lending experience, please contact us. We look forward to introducing you to the next level in real estate investment lending.

Your success is our success.

Company Size (Number of Employees)

21

Year Established

2016

Office Locations

2850 Quarry Lake Drive, Suite 160, Baltimore, Maryland 21209

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

40%

Percentage of Loans Secured by Residential Property

60%

Total Number of Loans Funded to Date

5,000

Total Loan Volume Funded to Date

$750,000,000

Our Team

Victor Lipnitsky

Managing Director

Aron Yehuda

Director of Real Estate Finance

Yossi Lurman

Director of Operations

Carl Schwartz

President of Sales & Marketing

Abby Weinstock

Dir. of Rental Loans / Dir. of HR

Contact Pimlico Capital

Pimlico Capital pays us to be listed, so there is no fee to connect with them directly.
(410) 855-4600 (410) 855-XXXX
Click to show phone number
Send email Create a Loan Request

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Our Minimum Loan Amount Is

$75,000

What we do:
Bridge, Rehab, Flip, DSCR, Construction
Rehab Projects up to 90% Loan-to-Cost
LTV / ARV up to 70% for bridge loans
In-house valuation for most bridge loans
What we don’t consider:
Owner-Occupied Homes
100% Financing or Gap Loans
Land Loans
Rural Areas

Contact Pimlico Capital

Pimlico Capital pays us to be listed, so there is no fee to connect with them directly.
(410) 855-4600 (410) 855-XXXX
Click to show phone number
Send email Visit Website

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