Baltimore 2-Unit Purchase & Rehab — $180,000 Funded
Quick Snapshot
Market: Baltimore, MD
Asset: 2-unit residential property (value-add)
Loan Type: Purchase & Rehab, 1st mortgage, interest-only
Loan Amount: $180,000
Term: 6 months
Leverage: 65% of ARV with 15% borrower cash to close
Exit: Rehab & hold (rent)
The Story
An experienced Baltimore operator brought us a clean value-add: a two-unit property where targeted renovations unlock rent bumps and long-term cash flow. With conservative leverage (65% of ARV) and meaningful skin-in-the-game (15% to purchase), the risk profile fit our box.
We moved quickly and funded $180K on a 6-month, interest-only note—keeping capital simple so the borrower could focus on construction and lease-up.
What We Funded (Scope Highlights)
Interior refresh: paint and new flooring throughout
Recessed lighting upgrades in living rooms
Full kitchen updates: new appliances, countertops, and cabinets
Bathroom updates: new tile, refinished tubs, modern fixtures
HVAC: added ducting to both units for comfort & efficiency
Scope summarized from the recorded deal description.
Why We Liked It
Conservative leverage: 65% ARV leaves cushion for timeline variance and market noise.
Aligned incentives: 15% borrower contribution at purchase keeps everyone disciplined.
Durable exit: Rehab-to-rent in a renter-heavy submarket; plan matches asset and scope.
Speed & simplicity: Interest-only structure minimizes friction during construction.
How We Work
I lend my own capital and keep decisions tight. If you’ve got a Fix & Flip or BRRRR in MD/DC/VA, send me a 6-line Deal Snapshot and I’ll turn terms around fast:
Deal Snapshot (reply with this)
Address
Purchase price
Rehab (one-sentence scope)
Exit (Flip / BRRRR)
ARV estimate + 1–2 comps
Target closing date
Loan Terms at a Glance
Type: Purchase & Rehab (Residential Rehab)
Structure: 1st mortgage, 6 months, interest-only payments
Use: Renovate, lease, and hold