Baltimore Private Money

[DB Bailin]

Hello all,

First time caller long time listener. Just got a home under contract in Baltimore County and first time using a HML. I've done some shopping around and am currently working with a lender with terms of 4 pts and 14%- 12 months max. I do believe there is a value add in working with a local lender whom is knowledgeable of the area (as Baltimore neighborhoods can be eclectic), however was wondering if those terms are reasonable. Also, btw I am putting 10% down and covering anything over 65% AVR. I have more funds available to put towards a DP and rehab costs just want to maximize my total leverage while reducing overhead costs.

Thanks,

DB