Where We Lend

Hard Money Lenders in Virginia

Bridge loans for the flip. A 30-year DSCR loan once it rents.

Pimlico Capital is one of the private money lenders in Virginia that underwrites and funds in house. We are a direct lender, not a broker.

Both loans are available anywhere in the Commonwealth, to investors and entities (LLCs, corps, trusts). We lend on non-owner-occupied property only.

Get a Quote for a Virginia Deal Call (410) 855-4600

$600M+Deployed across MD & the East Coast

$75K – $3MBridge loan size

30 yrFixed DSCR rental loans

Loan Products Available in Virginia

What We Fund Here

Both of our core products are available statewide to investors and entities (LLCs, corps, trusts). No owner-occupied loans.

Short-term

Bridge & Fix-and-Flip

Up to 90% of purchase, 100% of rehab
6–12 month terms, extensions available
Close in as little as 5–7 business days
$75K minimum, $3M maximum

Bridge loan details →

Long-term

30-Year Rental (DSCR)

Up to 80% LTV on purchase or rate & term refi
30-year fixed amortization
No personal income documentation
$75K – $1.5M per property, portfolio loans available

DSCR rental details →

Bridge to DSCR

One lender for both halves of the deal

We fund the purchase and the rehab on a hard money bridge loan. Sell at the end and that is the deal done. Keep it and we refinance the same property onto a 30-year DSCR loan once a tenant is in place, with the appraisal, the scope of work and your payment history already in hand. If you have not run that play before, our walkthrough of how the BRRRR strategy works covers the sequence.

One underwriter reads your file from the first call to the closing table. You are not handed between departments and you do not explain the deal twice.

Rental Financing

30-Year DSCR Loans in Virginia

We underwrite the property, not you. The test is what the place collects in rent against what it costs to carry: the loan payment, the taxes and the insurance. There is no personal income documentation. It is a 30-year fixed loan, up to 80% LTV, from $75K to $1.5M per property, and portfolio loans are available.

The property has to carry the loan, and if it does, the deal works the same anywhere in the Commonwealth. Full terms are on our 30-year DSCR rental loan page, and our look at Mid-Atlantic rental yields shows how the math lands across the region.

Where We Lend

Where We Lend in Virginia

Both products are available anywhere in the Commonwealth. We lend to entities on non-owner-occupied property, and we do not write owner-occupied loans. There is no corner of the state we will not look at.

If your next deal crosses a state line, we lend in Maryland and Washington DC as well.

Local Rules

What's important to know about Virginia deals

Five rules that catch investors here.

Virginia forecloses without a courtroom. A defaulted deed of trust is sold under a power of sale, with no court order and no hearing. On non-owner-occupied property the owner gets at least 14 days written notice. Most summaries online say 60 days, which is the owner-occupied number.
Virginia taxes the deed and the loan. The state charges $0.25 per $100 on the deed and the same on the deed of trust, figured on what you borrow, and the locality adds a third of that. Northern Virginia stacks two regional fees of $0.10 per $100 on top, not one.
There is no statewide rental license, but your city may still inspect. The General Assembly lets a locality designate a rental inspection district, where a unit has to pass a code inspection. Virginia Beach, Roanoke and Alexandria each run one. Check the address before you write the offer.
An out-of-state owner has to keep a Virginia agent. You must appoint and continuously maintain an agent for service of process, either a Virginia resident or a business with an office here. It is the one statewide obligation Virginia puts on landlords, and our out-of-state investing playbook covers the setup.
Every residential rental here is covered by the landlord-tenant act. The old exemption for an owner of a few single-family units was repealed in 2019, though plenty of law firm pages still say otherwise. Offer a written lease, cap late fees at 10% of rent and the deposit at two months.

See more information on the following sites:

Common Questions

Virginia Lending FAQ

Do you lend on flips anywhere in Virginia?

Yes. Our bridge loan is available anywhere in the Commonwealth, to entities, on non-owner-occupied property. It runs 6 to 12 months, covers up to 90% of the purchase and 100% of the rehab, and can close in as little as 5 to 7 business days.

Can you do a DSCR loan on a Richmond rental?

Yes, and the same answer applies anywhere in Virginia. A DSCR loan is underwritten on the property's rent measured against the payment, taxes and insurance, so we do not ask for your tax returns. It is a 30-year fixed loan up to 80% LTV, from $75K to $1.5M per property.

Will you lend in Virginia Beach on a short-term rental?

We look at short-term rentals case by case, and the rent we can use depends on what the property actually books. Worth checking before you buy: Virginia Beach has designated 109 block groups as a rental inspection district, where a unit can be required to pass a code inspection for a $50 fee. Passing earns an exemption for at least four years.

Do you lend to investors who live outside Virginia?

Yes. Both products are available anywhere in the Commonwealth, to entities, on non-owner-occupied property, and where you live does not change the terms. One thing to set up before closing: Virginia requires an out-of-state owner to appoint and continuously maintain an agent for service of process, either a Virginia resident or a business with an office in the state.

Does Virginia require a rental license?

Not from the state. There is no statewide rental license and no statewide registry, so there is nothing to file with the Commonwealth. A locality can designate a rental inspection district where units have to pass a code inspection, and Virginia Beach, Roanoke and Alexandria each run one today.

What are the recording taxes on a Virginia closing?

The state charges $0.25 per $100 on the deed and the same rate on the deed of trust, figured on the amount you borrow, and the locality adds a third of the state figure. The grantor's tax is $0.50 per $500 and the Code puts it on the seller. Northern Virginia adds two regional fees of $0.10 per $100 each and they stack. Hampton Roads adds one at $0.06 per $100.

How It Works