Baltimore Hard Money Lenders
The Premier Baltimore Private Money Lender
For over a decade, Asset Based Lending have provided the most reliable hard money loans for real estate investments in Baltimore. With loan options ranging from fix and flip, new construction, and long-term rental loans, ABL helps investors fund their next project. We specialize in closing deals quickly, so you never miss an opportunity, with loan approval as fast as 24 hours and closing deals in 10 days or less. Our flexible underwriting tailors these hard money loans to your specific project, allowing for the most competitive rates and aggressive LTV.
Whether you’re an experienced investor or looking for your first real estate investment, our team of experts are ready to help you with our streamlined loan process. ABL partners with the best local appraisers, attorneys, and title agents to give our borrowers five-star service from start to finish. If you want to be approved for a fix and flip loan, new construction loan, or loan for long-term rental property in Baltimore, then contact us today.
| Purchase: | $100,000 | Loan Amount: | $139,000 |
| Renovation: | $70,000 | ARV: | $215,000 |
Close In 10 Days Or Less With Baltimore’s Best Hard Money Lender
The Growth Of Fix And Flips In Baltimore
Baltimore has been a steady growth market in the last few years, but it recently exploded due to record low inventory during the time that most millennials are purchasing homes. As of January 2021, the average sale price for homes in the city reached $184,950 which is an incredible 56% increase from the previous year and highlights the drastic market growth occurring. Homes are selling quickly too with inventory staying on the market on average for 40 days, which is a 27% drop from last year. 910 homes sold during the month, marking a 16% increase, pointing to the city being a very competitive seller’s market.
With most cities taking a slight dip amidst the pandemic, this one has managed to attract home buyers and investors alike due to the low entry pricing. The area offers many distressed properties that can be renovated and flipped for a massive profit, so savvy investors can take advantage of the current market conditions and walk away with a huge ROI. If you’re an investor looking for a Baltimore fix and flip loan, contact us today.
Baltimore New Construction
With record low inventory shortage occurring in the surrounding area, residential new construction is the only guaranteed way to meet buyer demand. Experienced builders can use our Baltimore new construction loan to fund their next project and take advantage of the hot seller’s market. As of January 2021, homes in the city are selling for $132 per square foot, which marks a nearly 37% increase from the previous year. If a builder or contractor can source their own materials and manage the project themselves to keep costs down, they could use this market surge to produce a high ROI on their new residential construction.
Understanding the market trends and building to match the interests of home buyers, you can ensure that your new construction will sell and sell fast. For example, three of the biggest home features in Baltimore right now are large living rooms, decks, and master bedrooms. Homes with these features are receiving more views for their online listings and are receiving above asking price compared to homes lacking these features. By building to match market demand, contractors have an advantage over fix and flip investors. If you’re an experienced investor, contractor, or builder looking for Baltimore new construction loans, contact us today.
Rental Property Rising in Baltimore
With many cities experiencing a drop in their rental market, Baltimore is one of the few holding strong and seeing gains. The city’s average rent as of January 2021 is $1,321, which marks a 3% year-over-year increase for the market. The majority of rental property in the area are in the average or above average market range, and the low vacancy rate compared to other major metropolitan areas makes this city a safe investment for rental property investors.
Acquiring several rental properties and improving them to maximize cash flow is known as the BRRRR strategy. BRRRR investments stand for buy, renovate, rent, refinance, repeat. Investors simply follow the steps: they purchase a property and renovate it to increase its market value and rent price point, then they fill it with a tenant to begin generating income. Then the investor refinances the rental loan and uses their newly acquired capital to fund their next rental property purchase, repeating the cycle. The BRRRR method of investment is suited for long-term investors that want to create an expansive rental portfolio that brings in passive monthly income. If you’re a BRRRR investor that wants to use our rental loans for your rental portfolio, contact us today.
