About
Pimlico Capital is a Baltimore, Maryland-based direct hard money lender founded in 2010. The firm has grown from a Baltimore-area lender into a 13-state East Coast platform with $800M+ funded, 3,500+ loans closed, and a 5.0-star rating across 239 Google reviews.
Pimlico lends its own capital and underwrites every deal in-house with no investor committees, no middlemen, and no surprise conditions. The firm states it has never missed a closing in its history. Bridge loans close in as few as 5 business days, and rehab draws are funded - often same business day - within one business day of approval.
Bridge and fix-and-flip loans range from $75,000 to $3,000,000, start at 9.95%, cover 100% of rehab costs via draw schedule, and run 6 to 18 month terms with no prepayment penalty. DSCR rental loans offer 30-year fixed rates from 6.25% at up to 80% LTV with no personal income verification required.
Pimlico serves Alabama, Delaware, Florida, Georgia, Indiana, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia. The firm also offers a free Deal Sizer calculator - modeled on its own underwriting formulas - to help investors evaluate deals before committing capital.
Key Differentiators
Why investors choose this lender:
- Same-day draw funding - often funded before end of business - Pimlico funds rehab draws the same business day requests are submitted and approved; the maximum guaranteed turnaround is one business day; no waiting on third-party inspectors or out-of-state review queues to release contractor funds
- Never missed a closing in 15 years - true direct lender - Pimlico lends its own capital with zero investor committees, zero middlemen, and zero surprise conditions; a stated perfect closing record since 2010 backed by 3,500+ funded loans
- 5.0 stars across 239 Google reviews - verified borrower feedback - one of the highest-reviewed hard money lenders in the Mid-Atlantic market; consistent reviewer themes are speed, responsiveness, and terms matching quotes at closing
- Full BRRRR cycle under one roof - bridge to DSCR without switching lenders - execute the acquisition and rehab with Pimlico's bridge product, then refinance into their 30-year DSCR program at stabilization; one relationship, one underwriting team, across 13 states
- 660 FICO minimum with no income documentation - no W-2s, no tax returns, and no personal DTI requirements on either bridge or DSCR loans; qualification is entirely asset and cash-flow based
- Free Deal Sizer calculator built on Pimlico's own underwriting math - a downloadable Excel tool showing max loan, cash-to-close, ROI, and break-even rent using the same formulas Pimlico's underwriters use; trusted by 2,000+ investors from NY to FL
Where They Lend
13 States (AL, DE, FL, GA, IN, MD, NJ, NY, NC, OH, PA, SC, VA)
Alabama, Delaware, Florida, Georgia, Indiana, Maryland, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia. 1-4 unit residential, multifamily, and mixed-use commercial on bridge. 1-4 unit residential on DSCR. No owner-occupied properties.
al de fl ga in md nj ny nc oh pa sc va
Loan Types, Structures and Terms
$75,000 to $3,000,000
Typical Loan Amounts
6 to 18 Months
Typical Terms
9.95%+
Typical Interest Rates
Bridge: up to 70% LTV, 100% rehab costs, $75K-$3M, 6-18 month terms. DSCR: up to 80% LTV rate/term refi, 75% LTV cash-out, $75K-$3M, 30-year fixed. No new construction.
Pimlico Capital bridge and fix-and-flip loans start at 9.95% with up to 70% LTV and 100% rehab funding on 6 to 18 month terms. Close in 5 business days. Draws often funded same business day. $75,000 to $3,000,000.
| Fix & Flip Feature | Structure & Terms |
|---|
| Interest Rate | Starting at 9.95% |
| Loan Amount | $75,000 to $3,000,000 |
| Max LTV / Rehab | Up to 70% LTV | 100% of rehab costs funded via draw schedule |
| Loan Term | 6 to 18 months | Interest-only | No prepayment penalty |
| Speed to Close | Typically within 5 business days |
| Draw Speed | Often same business day | Maximum 1 business day after approval |
| Property Types | 1-4 unit residential, multifamily, mixed-use commercial |
| Minimum FICO | 660 | Soft pull only at inquiry |
| Income Verification | None required | Asset-based underwriting only |
Pimlico Capital DSCR rental loans start at 6.25% with up to 80% LTV on rate/term refis and 75% LTV cash-out. 30-year fixed, $75,000 to $3,000,000, 660 FICO minimum. No income verification. Vacant acquisitions and portfolio loans accepted.
| Rental DSCR Feature | Structure & Terms |
|---|
| Starting Rate | From 6.25% fixed |
| Loan Term | 30-Year Fixed |
| Max LTV | Rate/Term Refi: up to 80% LTV | Cash-Out Refi: up to 75% LTV |
| Loan Amount | $75,000 to $3,000,000 | Minimum asset value $100,000 |
| Qualification Basis | Property cash flow only. No W-2s, no tax returns, no personal income verification required. |
| Special Programs | Vacant acquisitions allowed. Portfolio loans available to consolidate multiple rentals on a single mortgage structure. |
| Minimum FICO | 660 |
| BRRRR Strategy | Complete the rehab with Pimlico's bridge loan, then refinance directly into the DSCR program. One lender through the full BRRRR cycle across 13 states. |
Pimlico Capital bridge loans cover acquisitions, refinances, and BRRRR transitional holds at 9.95%+ with up to 70% LTV across 13 states. Close in 5 business days. Draws often funded same day.
| Bridge Loan Feature | Structure & Terms |
|---|
| Use Cases | As-is acquisitions, fix-and-flip, value-add rehabs, BRRRR fix-to-rent, rate/term refinances, and auction or off-market distressed property purchases |
| Starting Rate | From 9.95% | Interest-only payments |
| Loan Amount | $75,000 to $3,000,000 |
| Max LTV | Up to 70% LTV | 100% of rehab costs funded via draw schedule | No prepayment penalty |
| Loan Term | 6 to 18 months |
| Speed to Close | Typically within 5 business days | Terms within 24 hours | Pimlico has never missed a closing in its history |
Don't lose the deal waiting on financing. Apply now and get pre-approved today.
Borrower Qualifications (Are you qualified?)
Pimlico Capital qualifies borrowers with a 660 FICO minimum via soft pull only. No personal income verification required on bridge or DSCR loans. Asset-based underwriting on deal merit. No prepayment penalties on bridge loans. Vacant acquisitions accepted on DSCR.
| Qualification Parameter | Lender Requirements |
|---|
| Minimum Credit Score | 660 FICO minimum. No hard credit pull at initial inquiry - soft review only to protect your score during deal evaluation. |
| Income Verification | No personal income verification required on bridge or DSCR loans. Asset-based underwriting only - no W-2s or tax returns. |
| Property Types | 1-4 unit residential, multifamily, and mixed-use commercial on bridge loans. 1-4 unit residential on DSCR. Minimum asset value $100,000. |
| DSCR Special Notes | Vacant acquisitions allowed on DSCR. Portfolio loans available to consolidate multiple rentals. Qualify on property cash flow only. |
| Prepayment Penalty | No prepayment penalty on bridge loans. Sell or refinance early with no exit fee. |
Underwriting Process (How long will it take to get approved?)
Pimlico Capital reviews every deal personally and returns terms within one business day of submission. No credit pull at initial inquiry - soft review only. In-house underwriting with no investor committees. Closings complete in as few as 5 business days. Pimlico has never missed a closing.
| Stage / Requirement | Process & Timelines |
|---|
| Deal Submission | Submit property and deal numbers via pimlicogroup.com. No credit pull at submission. Pimlico's team reviews every deal personally - no automated screening. |
| Terms Turnaround | Terms returned within 24 hours of submission. Pre-approval letter issued within one business day for accepted deals. |
| Underwriting Model | 100% in-house - Pimlico lends its own capital with no investor committees, no middlemen, and no surprise conditions. Terms quoted are terms closed on. |
| Speed to Close | Typically 5 business days from approval to funded. Pimlico states it has never missed a closing in its history across 3,500+ loans. |
| Documentation | Minimal docs required. No personal income verification, no W-2s, no tax returns. 660 FICO minimum. Asset-based underwriting only. |
Draw Process (How long will it take to get draws?)
Pimlico Capital funds rehab draws within one business day of approval - often the same business day the request is submitted. 100% of the approved rehab budget is funded through the draw schedule. Borrowers never wait on out-of-pocket reimbursement for completed work.
| Operational Step | Methodology & Timelines |
|---|
| Draw Coverage | 100% of approved rehab budget is funded via draw schedule. Borrowers are never out-of-pocket waiting for reimbursement on completed work. |
| Draw Turnaround | Often same business day - draws are frequently funded the same day the request is submitted and approved. Never miss a contractor payment window. |
| Maximum turnaround | Draws are disbursed within one business day of approval as a guaranteed maximum. Reviewed by Pimlico's in-house team - no third-party inspection delays. |
| Construction Budget Tool | Pimlico provides a dedicated Construction Budget & Draws resource tool at pimlicogroup.com/construction-budget-draws to help investors structure their rehab budgets before closing. |
| FlipperForce Integration | Map Pimlico draw milestones against contractor phases using the FlipperForce Project Scheduler. Align your critical-path construction timeline with Pimlico's same-day draw capability. |
