Bridge loans for the flip. A 30-year DSCR loan for the rental.
Pimlico Capital is one of the busiest private money lenders in Baltimore. We are based in the city, we have closed more than 2,300 loans in Baltimore City since 2016, and we lend here every week.
The typical bridge deal we close here is around $130,000, with roughly $75,000 of renovation money behind it. Roughly 79% of our recent bridge deals carry a renovation budget.
Both of our core products are available across Baltimore City and Baltimore County to investors and entities (LLCs, corps, trusts). No owner-occupied loans.
We fund the purchase and rehab with a hard money bridge loan. When the property is rehabbed and rented, we refinance it onto a 30-year DSCR loan. Many of our Baltimore DSCR borrowers financed the purchase and rehab with us first.
The median bridge loan here is around $130,000 while the median DSCR loan is around $168,000. See the numbers on a real deal in our Baltimore row home flip case study, or read how the BRRRR strategy works.
The practical benefit is obvious. When our borrower is ready to refinance, we already have the file, the history and your track record from the bridge loan. The refinance is not a cold start.
We have closed more than 1,200 rental loans in Baltimore. Most of that has come since the start of 2024, and DSCR is now the larger half of what we do here.
Most of our DSCR loans fall between $136,000 and $202,000. The loan qualifies on the property's rent, not your tax returns. Program details are on our 30-year DSCR rental loan page.
The areas below are where we focus. We also lend across the rest of Maryland.
Cross the city line and the numbers change. Deals price higher out there, more of what we fund is a 30-year DSCR loan than a bridge loan, and the county runs its own rental licensing and inspection rules rather than the city's. If your next deal is in the county, start on our Baltimore County hard money and DSCR lending page.
Five rules that catch investors here.
See more information on the following sites:
Get a quote online or call us. We'll size the deal in 24 hours.
Our in-house team underwrites with local Baltimore knowledge, not a scoring algorithm.
5–10 business days for bridge, 3–4 weeks for 30-year rental.
Market updates, neighborhood breakdowns, and real Baltimore deals from our team. See every market we serve on our Where We Lend page.
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55+ investor guides covering DSCR, bridge loans, fix-and-flip, BRRRR, market updates, and more.
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