Bridge loans for the flip. A 30-year DSCR loan for the rental. Both available statewide.
We are private money lenders in Pennsylvania. Pimlico Capital has closed more than 140 loans in the state since 2020, and two in five of them have closed since the start of 2024.
The typical deal here is around $175,000, with the middle half between $143,000 and $240,000. Philadelphia is the largest part of that book by a distance and it has its own page, so if your deal is in the city, start with hard money and DSCR loans in Philadelphia. The rest of the state is what this page is for.
Both of our core products are available statewide to investors and entities (LLCs, corps, trusts). No owner-occupied loans.
Statewide, about 7 in 10 of the properties we finance are single family homes and townhouses. Duplexes and 2-4 unit buildings make up about 23%. In Philadelphia small multifamily is closer to 13% of the properties, so the mix outside the city leans more toward small multifamily.
Most of what we fund in Pennsylvania is a flip. We lend on the purchase and the rehab with a hard money bridge loan, and at the end you either sell it or keep it. Both are normal endings and we price the bridge loan the same way either way.
If you keep it, we refinance onto a 30-year DSCR loan. Roughly 27% of our Pennsylvania DSCR borrowers financed a purchase or a rehab with us first, and that is a floor, because a borrower who used their own name on the bridge loan and an LLC on the rental loan does not match.
The median bridge loan in Pennsylvania is around $175,000, and the median DSCR loan is around $175,000 too. The two products land in almost the same place here, and the house that works as a flip usually works as a rental.
We have closed more than 60 rental loans in Pennsylvania. Rental is a little under half of everything we do in the state, and its share has been rising.
The median DSCR loan is around $175,000 and the middle half runs from $133,000 to $295,000. The loan qualifies on the property's rent, not your tax returns. If the product is new to you, start with what a DSCR loan is and how it works.
This is the part of our book that reaches the whole state. We do not need to have closed a flip on your block to write a rental loan on it, so the program is open in small markets where our bridge lending is thin. Terms are on our 30-year DSCR rental loan page.
We lend across Pennsylvania. These are the two places where our closed-loan book is deep enough to be worth naming.
Most of what we close in Pennsylvania is here. The city has its own page, with the ZIP codes we focus on, the local rules that catch people and the median loan sizes. Philadelphia hard money and rental loans →
Both products are available in Pittsburgh. Transfer tax runs higher there than in most of the state, and the notes below cover what changes.
Those are the only two we name. We lend across the rest of the Commonwealth as well, and a town missing from this page is not a refusal to lend there. Send us the deal and we will tell you either way.
Almost everything an investor cares about here is set locally, not by the state. Five rules that catch investors.
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 knowledge, not a scoring algorithm.
5–10 business days for bridge, 3–4 weeks for 30-year rental.
Financing guides and deal breakdowns from our lending team. Browse every market we serve on our Where We Lend page.
DSCR loans let you qualify based on rental income, not your W-2. Here’s everything you need to know before applying.
Your exit matters as much as your entry. Here’s how to pick the right bridge-loan exit before you even close.
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55+ investor guides covering DSCR, bridge loans, fix-and-flip, BRRRR, market updates, and more.
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