Maryland Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Maryland? On this page you'll find a list of select bridge lenders for investment real estate deals. It can be a purchase, refinance, or equity cash out loan. To get a 1st lien bridge loan, you must have at least 30% equity. Bridge lenders typically max out at 70% loan-to-value. It's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home in Maryland. Most resi bridge lenders only consider properties in Southern MD, but some also lend in Northern MD. Click the button below if the subject property is in the Baltimore metro area.Searching...
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Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Maryland Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Maryland bridge loans in the 1st quarter of 2024 was 11.15%. The average loan amount was $317,760. These stats are the average of 32 short-term loans (including rehab and ground-up construction loans) funded for properties in Maryland between January 1, 2024 and March 31, 2024 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 1st quarter of 2024 was 11.28%. Lenders charged an average of 2.9% points (origination fee). The average LTV (loan-to-value) for bridge loans in Maryland was 60%, and the average loan amount was $302,060. These stats are the average of all the loans which were funded between January 1, 2024 and March 31, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Maryland Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Maryland in the last 12 months from March 2024.
- RCN Capital LLC
- Kiavi
- ROC Capital
- Dominion Financial Services LLC
- Pimlico Group LLC
- Trius Lending Partners
- Real Property Investment Partners
- Constructive Loans LLC
- Washington Capital Partners
- Civic Financial Services
Forecasaâ„¢ provides analytics data for Maryland bridge loans on a quarterly basis. You’ll find their top lenders data for many other states on our platform.