Purchase + Rehab. One Loan.
A fix and flip loan in Baltimore funds purchase and renovation in one short-term, asset-based loan — hard money, underwritten on the deal and the after-repair value rather than your income. The Baltimore specifics: Rowhouse rehab in Pigtown, Highlandtown, Reservoir Hill and Waverly where renovation exceeds purchase on many blocks. Leverage, rehab caps and experience rules vary more between lenders than any other criterion, which is why LendingStreet places the file across thirty capital sources instead of one.
Check My Baltimore Purchase & Rehab Options →The stock is the largest rowhouse stock on the East Coast outside Philadelphia, at a wide range of basis from block to block, with post-war single-family across Baltimore County. Rowhouse rehab in Pigtown, Highlandtown, Reservoir Hill and Waverly where renovation exceeds purchase on many blocks. Lead paint, party walls, roof and the city tax line are the items; a formstone exterior is a Baltimore-specific budget line.
Maryland is judicial. Baltimore city property taxes are roughly double the surrounding county rate — the single line that most often decides a city-versus-county deal. Basis varies enormously block to block, so ARV comparable selection is the whole underwrite. The city has active vacant-property and receivership programs that create acquisition opportunities with title complexity.
Pre-war stock in Baltimore means the scope is rarely what the walkthrough suggests. Budget for the mechanicals — wiring, supply lines, drain lines — before the finishes, and expect the inspector to find what the seller did not disclose.
The same metro spans jurisdictions with different permitting, transfer taxes and foreclosure law. Which side of the line you buy on changes the carrying math.
Where renovation exceeds purchase price, the loan sizes on total project cost and ARV, not on purchase. Many national lenders cap rehab near half the purchase price and decline the deal on that alone. Several of our sources write it routinely — it is the single most common Baltimore placement.
Standard ranges across our capital sources: $150,000 to $5M+, up to 95% of total project cost, up to 100% of the rehab budget in draws, 6 to 18 months interest-only, 5 to 10 business days to close with 5-day expedited for experienced investors. Full detail and the current rate floor are on the fix and flip loan page. First-time flippers generally see lower leverage.
The Baltimore metro — Baltimore plus Towson, Catonsville, Dundalk, Parkville, Essex and Columbia — and the rest of Maryland via the Maryland fix and flip page. The active rehab corridors in Baltimore include Hampden, Remington, Pigtown, Highlandtown, Patterson Park.
Size the loan and the cash to close in the ARV calculator, add the carry in the carrying costs calculator, and build the budget in the rehab cost estimator.
Also see: Philadelphia, PA →Pittsburgh, PA →
The stock is the largest rowhouse stock on the East Coast outside Philadelphia, at a basis that varies block to block, with post-war single-family across Baltimore County. Rowhouse rehab in Pigtown, Highlandtown, Reservoir Hill and Waverly where renovation exceeds purchase on many blocks. Lead paint, party walls, roof and the city tax line are the items; formstone removal is a Baltimore-specific budget line.
Maryland is judicial. Baltimore city property taxes are roughly double the surrounding county rate — the single line that decides most city-versus-county deals. Basis varies enormously block to block, so comparable selection is the whole underwrite. The city's vacant-property and receivership programs create acquisition opportunities with title complexity.
Pre-war stock in Baltimore means the scope is rarely what the walkthrough suggests. Budget the mechanicals before the finishes and expect the inspector to find what the seller did not disclose.
The metro spans jurisdictions with different permitting, transfer taxes and foreclosure law. Which side of the line you buy on changes the carrying math.
Where renovation exceeds purchase, the loan sizes on total project cost and ARV. Many national lenders cap rehab near half of purchase and decline on that alone — it is the single most common Baltimore placement.
The gap between the loan and total project cost, plus points, third-party costs and the rehab you carry between draws. The ARV calculator returns it for your numbers.
Yes, through sources that write them — lower leverage, licensed GC attached.
Yes. Sized on total cost and ARV. Lenders capping rehab at half of purchase are why it gets declined elsewhere.
Lead paint, party walls, roof and the city tax line are the items; a formstone exterior is a Baltimore-specific budget line. Budget contingency for it.
5 to 10 business days on a complete file; 5-day expedited for experienced investors. A BPO in lieu of appraisal is available on bridge structures.
Yes — fix-to-rent. Separate underwrite on rent and appraised value. Run it before you buy.
Yes. Sized on total cost and ARV. Lenders capping rehab at half of purchase are why it gets declined elsewhere.
Lead paint, party walls, roof and the city tax line are the items; formstone removal is a Baltimore-specific budget line. Budget contingency for it.
It affects which capital sources are comfortable writing there and at what leverage. It does not change how you apply.
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