Maryland Rehab Lenders for Residential Rental Properties
Are you looking to rehab and hold residential rental properties in Maryland? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy throughout Maryland. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV for most lenders in Ohio is 75%, but it could be lower depending on the rental income, credit score and other factors.Searching...
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RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Clear Sky Financial
True Asset Based Lender for Property Investors in DC, MD and VA
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Stormfield Capital, LLC
Direct Balance-Sheet Lender for Investment Properties
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Real Property Investment Partners
NO APPRAISAL REQUIRED. Providing institutional-grade lending with a local presence.
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
HouseMax Funding
Hard Money Loans to Fund Your Next Big Project
Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT!
Pimlico Capital
Direct Lender for Real Estate Investors | Established in 2016
Center Street Lending
Smarter Loans for Residential Property Investors
Funded Rehab to Rent Loans in Maryland
Purchase & Rehab Loan for Mixed-Use Property in Hagerstown, Maryland
$465,000
Real Property Investment Partners, a direct private lender, funded a $465,000 1st lien position bridge loan for the acquisition of a 5-unit mixed-use property in Hagerstown, Maryland. We funded 100% of the $245,000 renovation budget and 65% of the $335,000 purchase price, while the Borrower contributed 35% cash to the purchase at closing. The after-repair value was estimated at $715,000 so our loan-to-after-repair value was 65%. This was a great opportunity to help renovate the historic downtown area. The plan is to convert the upstairs office space into residential units. The subject property was in fair condition and vacant at closing. It is approximately 5,920 square feet. The Borrower had excellent credit and lots of experience. They own over 50 units in the local area. They plan to lease the property upon completion of the rehab and eventually refinance as an exit strategy. The interest rate was 14% and we charged 2% origination points. The loan term was set at 12 months. This rehab loan was funded in June 2023.