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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
10/25/2024
Property Type
Property City
Baltimore
Property State
MD
Loan Term (months)
6
Lien Type
1st Mortgage
Payment Type
Interest Only
Loan-to-Value
70%
Location Type
Urban
Property Condition
Newly Renovated
Number of Units
1
Exit Strategy
Sale
Deal Summary
Property Flip Loan Funds Refinance Loan for a Stunning Renovation in Baltimore, MD
Property Flip Loan recently funded a refinance loan for a beautifully renovated 5-bedroom, 3.5-bathroom property in Baltimore, MD. The borrower, an experienced investor, had already completed an incredible transformation, delivering a modern and luxurious home featuring custom lighting, coffered ceilings, crown molding, fireplaces, LED mirrors, and other high-end finishes.
The borrower had reached the end of their term with a previous lender and needed additional time to sell the property. Delays in inspections with the city of Baltimore extended the project timeline, but the borrower’s perseverance resulted in a truly exceptional home. By providing a refinance loan at a conservative loan-to-value (LTV), Property Flip Loan offered the flexibility needed for the borrower to secure the right sale price and maximize their investment.
This deal showcases Property Flip Loan’s ability to step in and support investors at critical junctures, empowering them to achieve their goals and complete their projects successfully.
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.