Maryland Hard Money (Baltimore area)

[Brad Smith]

Good afternoon,

Can anyone recommend a HML for Baltimore area that will do cash-out on rental properties with no tax return or 4506 requirement? Also, will lower loan amounts be considered, e.g. 40K cashout on property worth 80K?

Thanks in advance.

MODERATOR NOTE: Do not  reply with offers of financing.

[Ned Carey]

Generally no. HML do not "cash out" any rental properties. They only do short term construction loans. For a long time no HML would even do rehab loans for rentals as they knew at the time, no banks would finance them out when the property was up and running.