Great Lakes Private Lending for Maryland investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Maryland context
Maryland strong rowhouse and multi-unit DSCR in Baltimore. Strict landlord-tenant law.
How Great Lakes Private Lending positions in Maryland
Maryland is well covered by national DSCR lenders, with Great Lakes Private Lending as one option. Where Great Lakes Private Lending differentiates: regional Midwest focus. Where it competes: rates 9.5 to 12.5 percent against peer programs.
City-level coverage in Maryland
Great Lakes Private Lending provides DSCR coverage across Maryland metros including Baltimore, Frederick, and Annapolis. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Maryland metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Maryland property tax | 1% |
| Maryland state income tax | 5.75% |
Great Lakes Private Lending strengths in Maryland
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Maryland coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Baltimore is the top investor market in Maryland and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Baltimore property tax follows the Maryland state rate of 1 percent. Great Lakes Private Lending typically underwrites Baltimore acquisitions at standard rate sheets.
Yes. Frederick ranks among the larger Maryland investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Frederick matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Maryland metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Baltimore, Frederick, and Annapolis all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Maryland strong rowhouse and multi-unit DSCR in Baltimore. Strict landlord-tenant law. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Maryland.
Maryland allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in Maryland works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.