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Deal Details
Private Loan Type
Residential Rehab
Approx. Funding Date
04/22/2024
Property Type
Property City
Baltimore
Property State
MD
Loan Term (months)
6
Lien Type
1st Mortgage
Payment Type
Interest Only
Borrower's Contribution to Purchase
15%
Loan-to-After-Repair Value
65%
Property Condition
Fair
Borrower's Plan
Rehab and Rent
Deal Summary
Property Flip Loan Closes $180,000 Renovation Loan for 2-Unit Property in Baltimore, MD
In 2024, Property Flip Loan provided $180,000 in financing for the renovation of a 2-unit property in Baltimore, Maryland. The borrower’s plan includes comprehensive upgrades across both units, such as new paint, flooring, and recessed lighting in the living rooms, as well as a full kitchen remodel featuring new appliances, countertops, and cabinets. The bathrooms will be updated with new tile, refinished tubs, and modern fixtures. The project also includes the addition of HVAC ducting in both units, ensuring enhanced comfort and energy efficiency.
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.