Commercial Real Estate Loans in Maryland: 2025 Investor Guide
Maryland’s diverse and resilient commercial real estate market continues to offer substantial opportunities for investors in 2025. From thriving urban centers like Baltimore to the tech corridors of Montgomery County, prudent investors are securing capital via a wide array of commercial financing products. This authoritative guide covers everything you need to know about commercial real estate (CRE) loans in Maryland, with a spotlight on multifamily financing, and provides actionable insights for a successful transaction.
- Commercial Real Estate Loans in Maryland: 2025 Investor Guide
- Maryland’s 2025 CRE Investment Landscape
- Why Choose Multifamily Financing in Maryland?
- Major Commercial Lenders in Maryland (2025)
- 2025 Multifamily Loan Terms in Maryland: What to Expect
- Step-by-Step: Applying for a Multifamily Loan in Maryland (2025)
- Success Stories: Maryland Multifamily Loan Examples
- 2025 Maryland CRE Market Intelligence
- Tips for Maryland Multifamily Loan Success
- Frequently Asked Questions: Maryland CRE Loans 2025
- Conclusion: Ready to Invest?
Maryland’s 2025 CRE Investment Landscape
With robust demand in sectors such as multifamily, office, and industrial, Maryland remains a magnet for CRE investors:
- Baltimore Inner Harbor: Popular for mixed-use and multifamily projects.
- Silver Spring: Bustling with transit-oriented developments and new apartments.
- Rockville Pike Corridor: Retail and multifamily hotspots with strong demographics.
- National Harbor: Tourism-driven retail and hospitality developments.
- BWI Business District: Logistics and industrial growth with airport access.
- Frederick Tech Corridor: Biotech and office clusters, attracting steady investment.
- College Park: Student housing and multifamily demand tied to the university.
Why Choose Multifamily Financing in Maryland?
In 2025, multifamily remains one of the most resilient and in-demand asset classes in Maryland. The state’s stable job market, growing population, and strategic location near Washington, D.C. and Philadelphia, make multifamily properties a lucrative option for both local and out-of-state investors. Multifamily financing offers competitive rates, leverage, and long-term stability.
Need capital? GHC Funding offers flexible funding solutions to support your business growth or real estate projects. Discover fast, reliable financing options today!
⚡ Key Flexible Funding Options:
GHC Funding everages financing types that prioritize asset value and cash flow over lengthy financial history checks:
DSCR Rental Loan
- No tax returns required
- Qualify using rental income (DSCR-based)
- Fast closings ~3–4 weeks
SBA 7(a) Loan
- Lower down payments vs banks
- Long amortization improves cash flow
- Good if your business occupies 51%+
Bridge Loan
- Close quickly — move on opportunities
- Flexible underwriting
- Great for value-add or transitional assets
SBA 504 Loan
- Low fixed rates through CDC portion
- Great for construction, expansion, fixed assets
- Often lower down payment than bank loans
🌐 Learn More
For details on GHC Funding's specific products and to start an application, please visit our homepage:
Key Multifamily Loan Types
- Permanent Agency Loans: 5-30 year fixed rates, non-recourse (Fannie Mae, Freddie Mac)
- Bank and Credit Union Portfolio Loans: Customized underwriting, local decision-making
- FHA/HUD 223(f) Loans: High leverage, low fixed rates, for acquisition/refinance of stabilized properties
- Bridge Loans: Flexible, short-term capital for acquisitions, repositioning, or value-add projects
Major Commercial Lenders in Maryland (2025)
- EagleBank: Headquartered in Bethesda, specializing in multifamily and mixed-use lending across the DMV (DC, Maryland, Virginia).
- SECU Maryland: Maryland’s leading credit union, offers competitive fixed and variable-rate CRE loans.
- United Bank: Active commercial lender in Baltimore and Montgomery County.
- PNC Real Estate: National reach, significant Maryland footprint with dedicated multifamily financing teams.
- M&T Bank: One of the region’s largest CRE lenders, with tailored products for Maryland properties.
- Walker & Dunlop: Leading Fannie Mae and Freddie Mac lender based in Bethesda, MD, for multifamily investors.
2025 Multifamily Loan Terms in Maryland: What to Expect
| Loan Type | Typical Amounts | Rates (2025) | LTV | Term | Recourse |
|---|---|---|---|---|---|
| Agency (Fannie/Freddie) | $1M–$50M+ | 5.25%-6.00% | Up to 80% | 5–30 yrs | Non-recourse |
| Local Banks/CUs | $500K–$20M | 6.00%-7.00% | Up to 75% | 5–10 yrs | Recourse |
| FHA/HUD 223(f) | $2M–$100M+ | 5.00%-5.75% | Up to 85% | 35 yrs | Non-recourse |
| Bridge Loans | $1M–$25M | 7.00%-9.00% | Up to 75% | 1–3 yrs | Vary |
Step-by-Step: Applying for a Multifamily Loan in Maryland (2025)
- Define Your Strategy: Pinpoint property type, submarket (e.g., Silver Spring, Inner Harbor), and investment goals.
- Gather Document Package: Detailed rent roll, trailing 12-month financials, personal financial statement, business plan, property photos.
- Engage with Lenders: Connect with local and national lenders—EagleBank, United Bank, Walker & Dunlop, PNC.
- Obtain and Compare Loan Quotes: Review terms, structure, prepayment penalties, leverage, and recourse.
- Submit Full Loan Application: Complete lender’s request forms, provide entity docs, order third-party reports (appraisal, environmental, engineering).
- Underwriting and Due Diligence: Allow 30–60 days for lender review, property tours, and risk assessment.
- Commitment and Closing: Execute commitment letter, finalize legal due diligence, sign loan docs, close and fund. Most loans close in 45–60 days (agency) or as fast as 30 days (banks/credit unions).
Success Stories: Maryland Multifamily Loan Examples
- Baltimore Midtown Acquisition: A local sponsor secured a $2.8M Freddie Mac Small Balance loan for a 38-unit apartment building, locking in a 6.10% fixed rate for 10 years, 75% LTV, non-recourse, and a 30-year amortization. The financing enabled significant property upgrades and stabilized rent rolls.
- Rockville New Construction: A first-time developer obtained an FHA 221(d)(4) construction-to-perm loan of $5.7M for a new 42-unit Class-A property in Rockville Pike corridor. Financing included a 40-year fixed term at 5.85%, up to 85% loan-to-cost, leveraged through HUD’s multifamily platform.
- Silver Spring Value-Add: Investor acquired a 24-unit 1970s apartment complex with a $1.9M bridge loan from a regional bank to support renovations. 18-month term, 8.25% interest-only, 70% LTV, with an exit plan to refinance into permanent agency debt post-stabilization.
- Bethesda Student Housing Refinance: Owners refinanced a stabilized 55-unit property near NIH for $4.5M with a 7-year fixed-rate PNC Real Estate loan at 6.40%, cashing out $350,000 for further acquisitions.
2025 Maryland CRE Market Intelligence
- The multifamily vacancy rate across major submarkets hovers at 4.7% (Q1 2025), below the 5.5% US average.
- Average effective rent growth was 4.3% statewide (2024–2025), with strongest gains in Silver Spring (6.1%).
- Suburban Class B/C properties see increasing investor demand, given affordability pressures.
- Transit-oriented developments around MARC and Metro lines continue to attract capital.
- Regulatory climate remains favorable: Maryland maintains pro-housing development policies and programs for energy-efficient rehabs.
Tips for Maryland Multifamily Loan Success
- Work with Maryland-based lenders who understand county-specific rent regulations and property tax nuances.
- Leverage loan programs like the Maryland Department of Housing’s Green Energy Multifamily Loan for sustainability upgrades.
- Plan for reserves and contingencies—especially in value-add or transitional assets.
- Strengthen your sponsorship: Lenders favor solid experience and well-capitalized sponsors, but will work with first-timers who partner with reputable local managers.
- Monitor market cycles: Focus on neighborhoods with diversified economic drivers (government, tech, shipping, healthcare).
Frequently Asked Questions: Maryland CRE Loans 2025
- What is the minimum down payment for a Maryland multifamily loan?
- Usually 20%-25% (up to 15% with FHA).
- Can out-of-state investors qualify?
- Yes. Lenders may require strong management in place and Maryland-specific legal counsel.
- How long does closing take?
- Bank/credit union loans typically close in 30-45 days; agency and FHA loans, 60-120 days.
- What is the current interest rate environment in Maryland?
- 2025 rates range from 5.25%-7.25% depending on type, leverage, and credit. Fed tightening has weighed on spreads, but local banks remain aggressive for strong deals.
- What makes Maryland’s multifamily outlook strong for 2025?
- Population growth, high-value job centers, access to DC and Baltimore metros, and favorable landlord-tenant legislation.
Conclusion: Ready to Invest?
Maryland offers tremendous opportunity for multifamily investors in 2025. Understanding your financing options—and working with experienced, Maryland-based commercial lending teams—will deliver both stability and growth. Whether acquiring, refinancing, or repositioning, multifamily financing is your gateway to success in one of the Mid-Atlantic’s top commercial real estate markets.
Get a No Obligation Quote Today.
Use these trusted resources to grow and manage your small business—then connect with GHC Funding
to explore financing options tailored to your needs.
GHC Funding helps entrepreneurs secure working capital, equipment financing, real estate loans,
and more—start your funding conversation today.
Helpful Small Business Resources
