Maryland Hard Money Lenders – Fast Real Estate Loans

Hard Money Bankers does hard money loans in Maryland for Real Estate Investors.  We are a locally based private lender in Columbia, Maryland and specialize in fast closing hard money in Maryland for fix-and-flip projects, rental properties, and commercial investments.   We have funded over 4,000 loans for real estate investors and commercial property owners all over the state of Maryland since 2007.   We are a full service and self-funded private/hard money lending company providing fast and flexible financing for residential and commercial investment real estate deals. Our company understands Maryland’s unique real estate market and provides customized lending solutions with closing times as fast as 1 business days.   Although we lend in all of Maryland these are some areas with a lot of real estate investment concentration: Baltimore County and City, Annapolis, Frederick, Howard County, Rockville, Bethesda, Silver Spring, Bel Air, Prince Georges County, Southern Maryland and Maryland’s Eastern Shore.   More information below on all of  our Maryland private lending solutions.

Loan terms for most hard money and private lenders range from 12%-14% interest rate with 3-4 points (percentage of loan amount that is paid for the loan).   Loans can vary in length but typically are up to 12 months in length as these are short term, private loans.   You can also expect to see a Loan to Value (LTV)  between 65% and 80% of the value or after repaired value of the property.   Most lenders have minimum and maximum loan requested while Hard Money Bankers has no minimum loan minimum and up to $2mm+ loan maximum.   All credit scores are considered with no minimum credit requirements since we are all private money.  You can find more information about our lending process at Hard Money Bankers Lending Process.

As Maryland’s trusted hard money lender, we understand what is needed to close on your real estate project quickly.  Most loans close in less than a week but as long as title work is ready we can close quickly.  We work with a lot of big wholesalers, auction buyers and experienced real estate investors that have tight timelines and have to close quickly.

Recent Loan Closings:

Fix and Flip Loan

Silver Spring, MD

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HMB financed 80% of the purchase price and 100% of repairs for this real estate investors fix and flip in Silver Spring Maryland. He hopes to to fully renovate this project in 3 months ($70k budget) and sell for a $60k gross profit. The property was purchased from a local wholesaler and we closed the loan in 3 days.

Townhouse Loan

Owings Mills, MD

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We recently financed this townhouse rental property in Owings Mills Maryland. We funded 80% of the purchase money and 100% of the renovations for the investor. His goal was to take a quick loan from us to secure the property, renovate it and then will refinance into a long term bank loan.  Loan closing was in 7 days.

Commercial Office Loan

Rockville, MD

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We recently financed this bridge loan for a commercial property owner in Rockville, Maryland.  We lend $450,000 on this office building for a 1 year term.  The loan closed in 15 days.

Check out more Recently Funded loans here ->

Why Choose Hard Money Bankers:

  • Locally based private and hard money lender in Columbia Maryland since 2007
  • True private capital that can close loans fast (in as little at 1 day)
  • In house underwriting and quick decision making
  • Flexible and easy to work with
  • No appraisals.  No tax returns and no red tape
  • Funded over 4000+ loans for 1000’s of local real estate investors

What Our Clients Say:

TESTI – Greg, Howard County, Maryland

TESTI – Jim, Maryland

TESTI -Vipin, Rockville, Maryland

TESTI -Joseph, Baltimore, Maryland

Here are some FAQ for real estate investors looking for Maryland Hard Money Lenders.

What credit score is needed for a hard money loan?
Hard money lenders have no mimimum credit score because that focus more on property value and overall real estate project.  Although lower scores may still qualify for a loan you can probably expect higher rates and larger down payments if credit is low.


How hard is it to get a hard money loan in Maryland?
Getting a hard money loan in Maryland is relatively easy compared to traditional financing since the approval process is based more on the value of the property or viability of the overall project compared to credit and income history.  Most lenders will require down payment funds, a clear exit strategy to repay the loan and typically have higher interest rates than banks do (ex.. 12-14%).  The approval process and overall transaction is usually much faster than a bank (ex.. a few days instead of a few weeks)

How to find a hard money lender?
When choosing a lender compare their reputation, location and loan terms.  Referrals from other investors are a great way to find hard money lenders or private lenders.   Most lenders attend real estate investor groups.  Including the Real Estate Investing Incubator Meetup Group.  Mortgage Brokers also work with direct lenders along with Real Estate Agents and Title Companies.  Finally, you can always search online for ‘hard money lenders near me’.   Make sure to check their online reviews and if they are local.

How quickly can I get a hard money loan?
One of the greatest things about a hard money loan is the speed at which you can get one. Approvals are typically granted within 24 hours and settlements can take place in less than a week. Many loans we close are within a few business days. Remember, however, that the lender does have due diligence and underwriting to conduct depending on the over project. This may include: property inspections, order and inspect title work, and have lender documents drafted. This could take anywhere from a few hours to a week depending on the circumstances but, in a rush situation, we may be able to speed up the process to accommodate you.

How much down payment do you need for a hard money loan?
What is the average interest rate on a hard money loan?
Do hard money loans require an appraisal?
What are typical terms for a hard money loan?

Why would someone use a hard money lender?