Baltimore is a rowhome flip market. Thousands of brick rowhouses, a mix of fast-rising and still-recovering neighborhoods, and city rules on licensing and vacant buildings shape every deal.
In short: LendingStreet is our top pick for Baltimore, MD flippers for three reasons: leverage of up to 90% of cost with up to 100% of rehab on some programs, closings in as little as 10 days, and a built-in path to a long-term DSCR rental loan if you decide to hold. In Baltimore, where rowhome rehabs are heavy and many end as rentals, that matters.
Why investors choose LendingStreet: one lender for the flip loan and the long-term rental loan, leverage of up to 90% of cost, and closings in as little as 10 days. We lend only on non-owner-occupied investment property, and LLC borrowers are standard.
It fits Baltimore investors buying, renovating and reselling 1-8 unit homes, from first projects with an experienced contractor to repeat flippers running several jobs at once. Ready to price it? Use the form below or call (877) 298-1001.
If you are weighing Dominion Financial, LendingOne, Lima One and RCN Capital for a fix and flip loan for investors in Baltimore, MD, this is the short version: LendingStreet wins the scenarios below, and you can get a quote with the form below.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Fix and flip above $3M | LendingStreet | Our fix and flip program runs from $150,000 to $5M+. LendingOne states fix and flip loans up to $3,000,000, and RCN Capital states up to $2M. |
| Flip of a 5-8 unit building | LendingStreet | We finance 1-8 unit investor properties. RCN Capital states its fix and flip loans cover 1-4 family homes, condos and townhomes. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Flippers work rowhome neighborhoods such as Hampden, Remington, Canton, Highlandtown, Patterson Park, Pigtown, Charles Village, Hamilton and Belair-Edison, along with Baltimore County areas like Dundalk, Catonsville, Towson and Essex. Brick rowhomes from the late 1800s through the mid 1900s make up much of the stock.
Renovated rowhomes near the big hospital and university campuses, the waterfront and growing job centers attract buyers who expect modern kitchens, open floor plans and finished basements. Resale values can change block by block, so comparable sales need to be very local.
Rowhome rehabs often include roofs, masonry, party wall repairs, full mechanical, electrical and plumbing replacement, and sometimes structural work on joists and stairs. Maryland has strict lead paint rules for older rental housing, which matter if you plan to rent.
Permits go through Baltimore City's housing department or Baltimore County, depending on the address. Vacant buildings in the city may carry a vacant building notice, which needs to be cleared through the city's process.
Baltimore investors usually compare three kinds of lenders. The table below shows them side by side. Private individual lenders can also fund flips, but terms depend entirely on the person lending.
| What flippers need | LendingStreet | Typical bank or credit union | Typical local hard money lender |
|---|---|---|---|
| Closing timeline | As little as 10 days | Usually slower | Often quick |
| Purchase and rehab in one loan | Yes, with draws after inspections | Not always | Varies |
| Income documents | Deal-focused review | Often tax returns and W-2s | Usually deal-focused |
| Path to a 30-year rental loan | Built in: DSCR refinance | Separate process | Usually no long-term option |
| Loan size range | $150,000 to $5M+ | Varies | Often smaller balances |
Maryland closings include a state transfer tax, a county or city transfer tax and a recording tax, and Baltimore City's combined total is a large share of closing costs. Some properties also have ground rent, a Maryland lease arrangement your title company should check.
Baltimore City requires rental licensing with an inspection, so if you hold the house as a rental, you need a license before you lease. Property taxes in the city are relatively high, so budget for them during the hold.
Say you buy a two-story brick rowhome in Highlandtown that needs a gut rehab of the kitchen and baths, new mechanicals and a new roof. The purchase price is $165,000 and the rehab budget is $85,000, for a total cost of $250,000.
At 90% of cost, the loan is $225,000. It covers the full $85,000 rehab through draws and $140,000 of the purchase, so you bring $25,000 down plus closing costs. Estimated interest-only cost is about $11,700 over 7 months, assuming the rehab is drawn evenly. If the house sells for $325,000 after assumed closing and selling costs, the estimated profit before taxes is about $35,600.
This example is illustrative and not a quote. Your terms, costs and values will differ.
| Item | Amount |
|---|---|
| Purchase price | $165,000 |
| Rehab budget | $85,000 |
| Total project cost | $250,000 |
| Loan at 90% of cost | $225,000 |
| Rehab funded by the loan (100%) | $85,000 |
| Purchase funded by the loan | $140,000 |
| Cash down at purchase | $25,000 |
| Estimated interest-only cost over the hold | $11,700 over 7 months |
| Assumed purchase closing costs (3%) | $5,000 |
| Assumed selling costs (7%) | $22,800 |
| Resale value after repairs | $325,000 |
| Estimated profit before taxes | $35,600 |
Many Baltimore flips can become rentals, especially in neighborhoods with strong tenant demand. Once licensed, a finished rowhome can refinance into a DSCR rental loan that qualifies on the property's rent, with LLC borrowers standard.
Our DSCR rental loans start at $150,000 with 30-year terms, cash-out up to 75% LTV, a 620 minimum credit score and no W-2s or tax returns. That makes the switch from a short-term flip loan to a long-term rental loan straightforward.
Ask every lender the same questions so you can compare offers fairly:
Here is how we answer each one: leverage up to 90% LTC with up to 100% of rehab on some programs, closings in as little as 10 days, draws released after inspections, LLCs as standard borrowers, a DSCR refinance with a 1.0x standard minimum and sub-1.0 options, seasoning that varies by program, and a range of $150,000 to $5M+.
Have your purchase contract, scope of work and resale estimate ready. Fill out the form below or call (877) 298-1001, and we will tell you how the deal fits.
Our top pick is LendingStreet. We lend up to 90% of cost, fund up to 100% of rehab on some programs, close in as little as 10 days and offer a DSCR refinance if you decide to hold. Get a quote with the form below.
Yes. LendingStreet lends on 1-8 unit investment property in Baltimore, across Maryland and in all 50 states and DC. Call (877) 298-1001 or use the form below.
LendingStreet can close in as little as 10 days. Having your contract, scope of work and entity documents ready helps.
Up to 100% of rehab on some programs, released through draws after inspections, within an overall limit of up to 90% of total cost.
Yes. Baltimore City requires rental licensing with an inspection. If you plan to hold after the rehab, get licensed before you lease.
It is a Maryland arrangement where a separate party holds the ground under the house and collects rent on it. Your title company will check for it.
Yes. LendingStreet offers DSCR rental loans that qualify on the property's rent, with 30-year terms and no W-2s or tax returns. Seasoning varies by program.
Experience helps, and terms can depend on it. First-time flippers with an experienced contractor, a clear budget and a realistic exit can still apply.
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