Private Lending with Real Estate as Collateral

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Private Lending with Real Estate as Collateral

Real estate is often used as collateral for private mortgage loans in Maryland (private loans are loans not involving banks / credit unions). Recent legislation has restricted this to:

 

  1. Family members for residential loans
  2. All others but strictly for business purposes, properly documented

 

Real estate loans for investment / rehab properties aka hard money lending have become more common in Maryland. These can be difficult unless handled properly. Seek help from experienced counsel before proceeding.

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