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Maryland Lending

If you’re looking to invest in lucrative properties in Maryland, Do Hard Money can help you get a hard money loan fast for your next REI deal or refinance property in the Old Line State.

Do Hard Money will approve your asset-based loan completely by assessing the property not you as the borrower. A true hard money lender will base your loan approval on the investment property and the overall quality of the deal. Once we’ve evaluated the property, the LTV (loan to value) ratio of the deal will determine your loan amount. This loan amount, combined with our gap funding resources, can make it possible for you to get 100% Financing on your deal.

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Software is great and easy to use. Plug in the numbers and you know what you can do. I have been on less than a week and I have made 5 offers. The proof of funds letters are great and I will be putting in as many as 50 offers one week in. I wish I’d found this earlier. I think I would have been further along, debt free and living the dream. Thanks for the opportunity to shine with DHM.

Eric W, Silver Spring, MD

Loan Terms

Due to excellent market conditions, we are able to offer state-specific loan terms for the state of Maryland.

100% Financing
YES

If your deal is good enough we will cover 100% of the purchase price, rehab, and closing costs, points & interest.

LTV Basis
ARV

Our max loan amount is based on the after repair value, not the current value or purchase price. If the numbers line up, we will fund it.

Maximum LTV
70%

We lend up to 70% of the ARV. We will fund everything but earnest money as long as it fits within 70% of the ARV.

Max Loan Amount
$250K

Our max loan amount is $250,000. For the markets we currently lend in, we’ve found this to be the sweet spot for real estate investing.

Minimum ARV
$70K

Our minimum ARV to lend on a property is $75,000. If it’s less than that there is just not enough profit to make it worth the effort for either party.

Multiple Deals
YES

Yes. We allow you to do 3 deals at a time, enabling you to stay busy and rake in even more profit at a faster pace.

Interest Rate
1.25%/MO

Our interest rates of 1.25 – 1.50% per month fall pretty middle of the road. We are not the cheapest, nor the most expensive, but our 100% financing options allow you to leverage our money.

Origination Points
5.5%

We take on significant risk in offering 100% financing and our points of 5.5% – 6.5% is what keeps us in business.

Max Loan Term
5-MONTHS

The default loan term is set at 5 months, but we do allow up to three 1-month forbearance payments equal to 1.0% of the loan if you need more time.

Monthly Payments
NONE

With no monthly payments during the initial loan term you can focus 100% of your time on rehabbing and selling the property.

Minimum Credit
NONE

None. A bad credit score will affect your points and interest, but because we lend on the property’s after repair value it won’t keep you from getting a loan

Min Cash-to-Close
$0.00

We do not require a down payment on the property. If everything fits in 70% of the ARV you can come to the closing table with $0.00.

Pre-Pay Penalty
NONE

With no pre-payment penalty, fixing and flipping the property in a shorter amount of time can only deepen your pockets.

Required Experience
NONE

Many other lenders either won’t lend to you or will jack up their prices unless you have prior experience, but we’re all making profitable real estate investing accessible to anyone.

Gap Financing
ALLOWED

We allow gap financing in the form of business lines of credit to help with cash-to-close when everything doesn’t fit in 70% of the ARV and we can help you get up to $100,000 in as little as 30 days.

Foreclosure Protection
PROPRIETARY

Nobody else looks out for you like we do. We offer proprietary protection that nearly precludes the possibility of a foreclosure on your records even in the worst-case scenario.

Refinancing Available
AVAILABLE

Yes. With traditional lenders limited to strict loan parameters, we focus on equity over borrower financials. This gives you the liquidity needed for your individual situation.

Full Disclosure
YES

Unlike a lot of other lenders who hide the full cost of the loan until it’s too late… we want you to know what you’re getting into and disclose ALL costs upfront.

Recently Funded Deals

Market Statistics (2015)

One of the original thirteen colonies of the U.S., Maryland is rich in historical landmarks and beautiful scenery. Maryland is one of the smallest states in the U.S. and also one of the most densely populated states due to the gorgeous landscapes and safe neighborhoods. Maryland has experienced a 23% increase in house flipping and home values have risen 3% over the past year alone. The timing couldn’t be more ideal to invest in Maryland properties, as home prices are rising steadily in the most popular neighborhoods. According to Baltimoremagazine.net, “The number of communities with rising prices and quick sales are increasing.” If you act quickly, you’ll be able to find a great deal for a low price in Maryland and – due to the rising prices – be able to sell it quickly for an excellent profit.

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Population
0
Housing Units
0
Number of Flips
0%
% Change in Flips

Purchase Price

National Average: $294,600
Maryland Metro Areas: $290,250

Gross Margin

National Average: $55,000
Maryland Metro Areas: $84,788

Number of Houses Flipped

National Average: 179,778
Maryland Metro Areas: 7,651

% Change in Houses Flipped

National Average: 0.2%
Maryland Metro Areas: 23%

About Hard Money Loans in Maryland

We hear that something called Old Bay Seasoning is kind of a big deal out there in Maryland — like a miracle spice that can make practically any kind of food taste better. Is that true? Maybe some day the rest of us will get to find out what were missing.

Real estate investors who havent used hard money loans yet dont know what theyre missing, either. Thats because hard money loans have specific advantages that make them perfect for real estate investing deals.

First of all, if your credit score is low or if you lack your own capital to get into a deal, Maryland hard money loans might be the only kind of loan that can make it happen for you. True hard money loans are equity-based loans. Loan approval is based on an evaluation of the subject property and the overall deal, so bad credit is no problem.

At DoHardMoney, we have gap financing partners that make it possible for us to offer 100% financing on deals that qualify, making it possible for Maryland investors to get in and out of deals with no money down. For many investors — especially new and first time investors — hard money loans make it possible for them to get their start in REI.

Once weve approved your loan by evaluating the investment property, well calculate the loan-to-value ratio (LTV) based on the after repair value (ARV) of the property.

In addition to rehab loans for real estate flipping, we also offer home refinance loans through our hard money lending services.

Real Estate Investing in Maryland

Bust out the John Waters movies and the crab crackers! Its time to celebrate!

Maryland has benefited from a healthy real estate market for years, especially when it comes house flipping. Investors there have worked hard to generate big profit numbers on their deals, and it doesnt look like its stopping any time soon.

Take a look below at a list of Maryland cities and counties where DoHardMoney can offer its Maryland hard money loans:

Aberdeen, Accokeek, Adelphi, Allegany County, Annapolis, Anne Arundel County, Arbutus, Arnold, Aspen Hill, Ballenger Creek, Baltimore, Baltimore County, Bel Air North, Bel Air South, Beltsville, Bethesda, Bladensburg, Bowie, Brooklyn Park, California, Calverton, Calvert County, Cambridge, Camp Springs, Cape St. Claire, Carney, Caroline County, Carroll County, Catonsville, Cecil County, Charles County, Chesapeake Ranch, Estates-Drum Point,  Cheverly, Chillum, Clinton, Cloverly, Cockeysville, Colesville, College Park, Columbia, Coral Hills,  Crofton, Cumberland, Damascus, Darnestown, District 10, Funkstown, District 3, Hagerstown, District 3, Leonardtown,  District 3, Middletown, District 5, Queenstown, District 7, Cresaptown/Bel Air,  District 8, Dorchester County, Dundalk, East Riverdale, Easton, Edgemere, Edgewood, Eldersburg Elkridge, Elkton, Ellicott City, Essex, Fairland, Fallston, Ferndale, Forest Glen,  Forestville, Fort Meade, Fort Washington, Frederick, Frederick County, Friendly,  Frostburg, Gaithersburg, Garrett County, Garrison, Germantown, Glen Burnie, Glenarden, Glenn Dale, Greater Landover, Greater Upper Marlboro, Green Haven, Green Valley, Greenbelt, Hagerstown, Halfway, Harford County, Havre de Grace, Hillcrest Heights, Hyattsville, Jessup, Joppatowne,  Kemp Mill, Kent County, Kettering, La Plata, Lake Arbor, Lake Shore,Langley Park, Lanham-Seabrook,  Lansdowne-Baltimore Highlands, Howard County, Largo, Laurel, Lexington Park,  Linganore-Bartonsville, Linthicum, Lochearn, Londontowne, Lutherville-Timonium, Marlow Heights, Marlton, Maryland City,  Mays Chapel, Middle River, Milford Mill, Mitchellville, Montgomery County, Montgomery Village, Mount Airy, Mount Rainier, New Carrollton, North Bethesda, North Kensington, North Laurel, North Potomac, Ocean City, Ocean Pines, Odenton, Olney, Overlea, Owings Mills, Oxon Hill-Glassmanor, Parkville, Parole, Pasadena, Perry Hall, Pikesville, Potomac, Prince Georges County, Queen Annes County, Randallstown, Redland, Reisterstown, Riverdale Park, Riverside, Riviera Beach, Rockville, Rosaryville, Rosedale, Rossville, Saint Marys County, Salisbury, Savage-Guilford, Severn, Severna Park, Silver Spring, Somerset County, South Gate, South Kensington, South Laurel,  St. Charles, Suitland-Silver Hill, Takoma Park,  Talbot County, Temple Hills, Towson, Travilah, Waldorf, Walker Mill,  Washington County, Westminster, White Marsh,  White Oak, Wicomico County, Woodlawn, Woodmore, Worcester County, and more.