Fix & Flip Loan for Single Family in Owings Mills, MD

Funded by Property Flip Loan

$429,000

Deal Details

Private Loan Type

Residential Fix and Flip

Approx. Funding Date

04/12/2024

Property Type
Single Family Residence
Property City

Owings Mills

Property State

MD

Loan Term (months)

6

Lien Type

1st Mortgage

Payment Type

Interest Only

Borrower's Contribution to Purchase

17%

Loan-to-After-Repair Value

67%

Renovation Project Scope

Cosmetic

Location Type

Suburban

Property Condition

Fair

Occupancy at Closing

Vacant

Borrower's Plan

Rehab and Sell

Exit Strategy

Sale

Borrower Credit Rating

Good

Deal Highlights

Single Family Fix and FLip

Deal Summary

Property Flip Loan Funds $429,000 Fix-and-Flip Loan in Owings Mills, MD. In April 2024, Property Flip Loan successfully closed a $429,000 fix-and-flip loan for an experienced borrower in Owings Mills, Maryland. The loan funded 100% of the $60,000 rehab budget, allowing for the transformation of a 5-bedroom, 3-bathroom, 4,225-square-foot single-family home. Loan terms included a 6-month duration at 12% interest-only payments, with 2 points paid at closing. The borrower, known for delivering high-quality renovations, is expected to complete the project and refinance as part of their exit strategy.

Funded By

Property Flip Loan

Maryland's Direct Private Lender for Residential and Multi-Family Investments

Dealmakers

Marc DeLeonibus

Founder

Marc DeLeonibus is the Founder of Property Flip Loan, a boutique private money lender based in Annapolis, Maryland. As a direct private lender, Marc funds all deals with his own capital, eliminating intermediaries and ensuring competitive terms for his clients. With a focus on building long-term relationships, Marc provides fast, reliable access to capital for real estate investors in Maryland, DC, and Virginia. Known for his streamlined process and ability to close loans within days, Marc prides himself on delivering personalized service that traditional lenders simply can’t match.