Baltimore Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Baltimore metro area? On this page you'll find a list of select bridge lenders for Baltimore investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Maryland Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Maryland bridge loans in the 4th quarter of 2023 was 11.66%. The average loan amount was $253,768. These stats are the average of 42 short-term loans (including rehab and ground-up construction loans) funded for properties in Maryland between October 1, 2023 and December 31, 2023 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Maryland in the 4th quarter of 2023 was 11.15%. Lenders charged an average of 2.7% points (origination fee). The average LTV (loan-to-value) for bridge loans in Maryland was 62%, and the average loan amount was $334,707. These stats are the average of all the loans which were funded between October 1, 2023 and December 31, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.