Hard Money Lenders in Baltimore, MD | Capital Kings LLC
Capital Kings LLC · Non-QM Mortgage Broker

Hard Money Lenders inBaltimore, Maryland

Fix and flip, DSCR rental and new construction financing for Baltimore investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.

Get a term sheet →Price a Baltimore deal

Prefer to talk it through? Call or text Micah at (281) 636-5682.

Reviewed by Micah Foster, Founder & CEO, September 2026

Price a Baltimore deal right now

Prefilled with a realistic Baltimore deal. Change any number and it reprices on the programs that lend in Maryland, with the same math as our term sheets.

Sizing your flip on the same terms as the term sheet. Get a real term sheet →

Financing a deal in Baltimore

Baltimore is a rowhouse city where values swing hard from one neighborhood to the next. A renovated row in Canton or Hampden and a vacant shell a mile away can be worth wildly different amounts, and the flip lives in the neighborhoods in between: Belair-Edison, Hamilton, Highlandtown, Pigtown. Redfin has the city median up a little on a year ago with homes selling in about six weeks. The investors who do well here know the block, the permit history and the vacant building list.

The Baltimore deal starts with one question: does the house have a Vacant Building Notice? The city issues one to vacant or unsafe properties, and it stays until the house is rehabbed under permit and gets a use and occupancy permit. Sellers have to disclose it, and buyers of rehabbed homes are told to ask. A flip that skips permits can leave the notice in place and wreck the resale. We ask about the notice and the permit plan before we shop the file.

What a Baltimore deal looks like on paper

Baltimore example: $105,000 purchase, $70,000 rehab, $255,000 after repair value, 700 credit, first flip. The engine puts that borrower on the Best Rate program at 9.49%. Think a 1920s porch-front rowhouse in Belair-Edison: full gut of the kitchen and baths, new HVAC and electric, roof, and a use and occupancy permit at the end. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.

Loan amount$159,250
Cash to close$27,423
Proof of funds to show$53,879
Where the $27,423 goes
  • Down payment (15% of the purchase)You$15,750
  • Origination (0.5%)Lender$2,000
  • Lender fees (flat)Lender$1,989
  • Broker fee (1%)Broker$2,000
  • Title and closing (estimate at Texas rates)Title$3,123
  • Prepaid interest (15 days)Lender$348
  • Property insuranceInsurer$1,663
  • AppraisalAppraiser$550

Interest while you rehab: $706 a month on the $89,250 funded at closing, $1,259 once every draw is out. Proof of funds is cash to close plus $18,900 of rehab reserve and $7,556 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.

Fix and flip programs in Baltimore

Swipe the table for rates, credit and terms →

ProgramDown paymentMin creditExperienceRateOriginationMax loanTermClose
Best Rate15% of purchase700+First flip OK8.99% to 9.49%0.5%70% of ARV12 months5-14 days
First Flip, 10% Down110% of purchase + rehab660+First flip OK9.99%2%75% of ARV12 months21-30 days
7.5% Down, 3+ Flips27.5% of purchase + rehab660+3+ completed flips9.99%1.5%75% of ARV12 months21-30 days
5% Down, 5+ Flips35% of purchase660+5+ completed flips9.99% to 10.99%2%75% of ARV9-24 months10-14 days
100% Financing, 2+ Flips40% (100% financing)620+2+ completed flips9.50% to 12.00%2.5%70% of ARV9 months7-14 days
  1. Rate 9.99% with 2% to 2.25% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  2. Rate 9.99% with 1.5% to 1.75% origination by credit; more origination buys the rate down as far as 8.99%. Loans under $150,000 add 0.5% to the rate and 0.5% to the origination, under $100,000 1.5% and 1%. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
  3. Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
  4. Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% with 2% to 3% origination, set per file. Purchase plus rehab must fit under 70% of ARV.

Origination has a $2,000 minimum on most programs (a few lenders set a higher one, noted above) and our broker fee is 1% with a $2,000 minimum and a $10,000 maximum. These are the numbers our term sheets use as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.

Where Baltimore prices sit right now

Before we price a Baltimore flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.

Redfin puts the Baltimore median sale price at $245K for the last three months, up 2.0% on a year earlier, with homes selling in about 44 days. Zillow’s average Baltimore home value is $186,741 (updated 8/31/2026), down 3.4% on the year.

Median sale price, Baltimore (Redfin, last 3 months)$245,000
Days on market, Baltimore (Redfin)44
Zillow home value index, Baltimore (Aug 2026)$186,741

Sources: Redfin, Baltimore housing market, Zillow, Baltimore home values, Baltimore City DHCD, Property Registration and Rental Licensing, Baltimore City DHCD, Buying a Rehabbed Home

How a Baltimore file actually gets priced

Baltimore ARVs are set block by block, and the appraiser wants renovated rows on the same or the next street, sold recently. A nicer neighborhood nearby isn’t a comp, even if it’s within a few blocks. We look for sales that closed with permits and a use and occupancy certificate, since that’s what the finished house will be judged against. Heavy rehab is normal here, often a full gut, so we want a detailed scope with the budget broken out by trade before a lender sees it.

Permits and inspections are the Baltimore risk. Any rental must be registered and licensed with the Department of Housing and Community Development, which requires a passing inspection by a state licensed home inspector registered with the city. Maryland also requires a lead inspection certificate on rentals built before 1978. On the building itself, plan for shared party walls, flat roofs, rear additions that settle, and old sewer lines to the alley.

Who buys your finished Baltimore deal

A renovated Baltimore rowhouse sells mostly to first-time buyers, many using FHA loans or city and state down payment help, and they and their lenders will look for the use and occupancy permit. Hampden, Remington and Highlandtown draw young professionals and hospital staff; Belair-Edison and Hamilton draw local families. The rental exit is also real. A well-rehabbed row can be licensed, leased and refinanced into a DSCR loan (a rental loan qualified on the rent, not your income).

What happens after you apply

Apply once and the whole Baltimore loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.

Capital Kings borrower portal: Welcome to your file
Welcome to your fileSign in and the term sheet is waiting, with every fee and who it goes to.
Capital Kings borrower portal: Where the loan stands
Where the loan standsApplication, appraisal, title, underwriting, clear to close.
Capital Kings borrower portal: Run the deal again
Run the deal againThe analyzer priced off your real numbers, before and after the appraisal.
Capital Kings borrower portal: What the lender still needs
What the lender still needsEvery open condition, what clears it, and who it is waiting on.

The full walkthrough is on how it works, and you can tour the borrower portal before you apply.

What we fund in Baltimore

Fix and flip

10%down on a first flip
Rates
from 8.99% at 760+ credit
With experience
0% down with 2+ completed flips, purchase plus rehab under 70% of ARV
Rehab
100% funded, paid in draws
Fix and flip loans in Maryland →

Rental (DSCR)

7.00%rates from, 30-year fixed
Qualify on
the rent, no W-2s or tax returns
Down
from 20% at 700+ credit
Good for
buy-and-hold, and the refinance when a flip becomes a rental
DSCR loans in Maryland →

New construction

95%of cost with a financed interest reserve, after 1 completed build
Rates
from 8.49% with 5+ completed builds
First build
85% of cost with a GC who has 5+ builds
Builds
single family to small multifamily
New construction loans in Maryland →

Where we lend in Baltimore

We broker deals across the whole Baltimore market. The submarkets investors ask us about most are Belair-Edison (21213), Hamilton and Lauraville (21214), Highlandtown and Patterson Park (21224), Pigtown and Washington Village (21230), Remington and Hampden (21211), Reservoir Hill (21217) and Brooklyn (21225).

How long does a Baltimore loan take to fund?

You send the address, purchase price, rehab budget and your ARV, which takes about five minutes and no credit pull. We take it to the lenders in our network that fit it and are licensed in Maryland, and the rate, origination, leverage and cash to close come back side by side. 5-14 days to fund. We stay on title and the lender through funding.

Baltimore hard money FAQ

Do you lend hard money in Baltimore?
Yes. Capital Kings is a broker, not a direct lender, so we shop your Baltimore scenario across a 400+ lender network and bring back real terms instead of one lender’s rate sheet. The programs on this page are the ones whose lenders are licensed in Maryland, and the numbers come from the same engine that prices our instant term sheet.
Which fix and flip programs apply in Baltimore?
As of October 2026: Best Rate (15% down, from 8.99%); First Flip, 10% Down (10% down, from 9.99%); 7.5% Down, 3+ Flips (7.5% down, from 9.99%, 3+ completed flips); 5% Down, 5+ Flips (5% down, from 9.99%, 5+ completed flips); 100% Financing, 2+ Flips (100% financing when purchase plus rehab fits under 70% of ARV, from 9.50%, 2+ completed flips). Rehab is funded 100 percent in draws on every one of them, and we shop the file against the rest of the network before anything is signed.
How fast can a Baltimore hard money loan close?
Most Baltimore fix and flip files fund in 5-14 days once the file is complete. The First Flip, 10% Down program and the 7.5% Down, 3+ Flips program close in 21-30 days. The biggest delays are usually title issues or missing borrower documents, so getting those started early makes a big difference.
How much do I need to bring to close on a Baltimore flip?
The worked example on this page is a $105,000 Baltimore purchase with a $70,000 rehab and a $255,000 after repair value at 700 credit, first flip: $15,750 down (15% of the purchase) and $27,423 total cash to close, with $53,879 of proof of funds to show the lender. The lowest down payment for a first flip in Baltimore is 10% down from 9.99% at 660+ credit. Investors with a track record can go to 0% down (100% financing) from 9.50% at 620+ credit with 2+ completed flips, when purchase plus rehab fits under 70% of ARV, and you still bring the closing costs in cash. Rehab is funded 100 percent through draws in every case. Run your own numbers in the calculator above, or send us the deal and we will price it.
Do you fund the rehab budget in Baltimore?
Yes, 100 percent of the rehab is funded, but it is a holdback released in draws rather than cash at closing. You pay for each phase, request a draw, an inspector verifies the work, and the lender reimburses. That means you need working capital to float the first phase, which is the single most common thing new investors miss on their first deal.
What credit score do I need for a Baltimore fix and flip loan?
The lowest credit floor among the Baltimore programs is 620, on 100% financing (under 70% of ARV) with 2+ completed flips. A first flip needs 660 or higher. The lowest rate here, 8.99%, needs 760+ credit. Depending on the program, rates step down at 760 credit and origination steps down at 700 and 740. Credit matters less here than on a conventional loan because the deal carries the file, but it moves your rate and your leverage, so know where you stand before you make offers.
Can I refinance a Baltimore flip into a rental loan?
Yes. That is the BRRRR exit, and it is the most common way a Baltimore flip becomes a hold. A DSCR loan qualifies on the property’s rental income rather than your W-2, so once the rehab is done and it is leased, you refinance out of the short-term hard money loan into 30-year financing. Worth deciding before you start, because it changes what finish level makes sense.
Can I get a hard money loan on a Baltimore house with a Vacant Building Notice?
Often yes, as long as the plan is a permitted rehab that ends with a use and occupancy permit. That permit is what clears the notice and makes the house sellable. Build the permit timeline into your schedule and your budget, and tell us about the notice when you send the file.
Can I flip my first house in Baltimore with a hard money loan?
Yes. In Maryland a first flip can be priced at 15% down with 700+ credit (from 8.99%) or 10% down with 660+ credit (from 9.99%). Programs that need completed flips: 7.5% down from 9.99% with 3+ flips; 5% down from 9.99% with 5+ flips; and 100% financing from 9.50% with 2+ flips when purchase plus rehab fits under 70% of ARV. Baltimore rehabs tend to be heavy, so a first-timer should pick a house with a clear scope and get a detailed contractor bid.
Micah Foster
Micah Foster
Founder & CEO, Capital Kings LLC
Micah brokers Non-QM and hard money loans for real estate investors across 38 states from his base in Texas. He founded Capital Kings to give investors a broker who shops the market on their behalf instead of pitching one lender product.

What to read before you sign a term sheet

Hard money near Baltimore: Philadelphia, Harrisburg, Rockville and Gaithersburg. More Maryland city guides: Annapolis and Frederick. Or see everything we fund in Maryland.

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