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Ground-up construction loans in Maryland

Ground-up construction financing in Maryland covers single-family and 2–4 unit builds, from the lot to the final line item, sized on cost and capped on as-complete value. Program terms do not change by state; permits, closing costs and the lien process do. Here is what applies in Maryland.

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PROGRAM TERMS · SAME IN EVERY STATE

Ground-up terms in Maryland

Silt's terms do not change at the state line. The term sheet reflects the property, the file and the supported value.

Loan amounts
$200K – $10M
Residential scope
1–4 units · nationwide
Leverage
90% LTC · 70% ARV
Structure
Interest-only, 12–24 mo
Draws
Funded in 48h, app-based
Projects
Infill & multi-lot
WHAT IS SPECIFIC TO MARYLAND

Maryland facts that touch this loan

  • Foreclosure. Maryland is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps. Real Property §7-105 permits a mortgage/deed-of-trust power of sale or assent to decree; subsection (c) expressly contemplates final court ratification. Avoid describing Maryland as a court-free nonjudicial process. [1][2]
  • State transfer tax. Maryland’s state transfer tax is generally 0.5% of consideration under Tax–Property § 13-203. The 0.25% seller-paid exception for qualifying first-time principal-residence buyers is not an investor rental rate. Local transfer and recordation charges are additional. [3]
  • Three-year valuation cycle. Maryland SDAT reassesses each property once every three years, with about one-third of accounts reassessed annually. Use the property’s assessment and reassessment cycle rather than assuming the sale price immediately becomes its assessment. [4]
  • Title-agent settlement role. Maryland Insurance Administration describes title agents performing pre-settlement searches and title companies resolving title defects before closing. Title agents cannot provide legal advice. [5]
  • Income-producing property and foreign LLC. Corporations & Associations § 4A-1009 treats foreign LLC ownership of income-producing Maryland property as doing business, except specified default or foreclosure-acquired-property exclusions. SDAT’s foreign LLC registration form lists a $100 filing fee. [6][7]
  • Residential notice before rent claim. Real Property § 8-401(c) requires written notice and 10 days to cure before filing to recover residential premises for nonpayment. This residential notice requirement should not automatically be applied to commercial premises. [8]
  • Baltimore licensing ordinance. Baltimore City’s STR licensing guidance requires the principal residence to be deeded to an individual rather than a company. The city is not issuing new unhosted-unit licenses; existing unhosted-license renewals are treated separately. [9]
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Land value is an input assumption, not confirmed equity. Interest assumes the loan is fully drawn; actual draws change interest.

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LARGEST METRO AREAS

Where Maryland's population is

By Census Bureau population estimates, Vintage 2025 (July 1, 2025). Silt lends statewide — these markets are not a limit. Metros are ranked by full-area population among those listing this state first in the Census name; Washington is also included for Virginia and Maryland. Interstate totals are not state-only populations. [10]

  • Washington-Arlington-Alexandria, DC-VA-MD-WV
  • Baltimore-Columbia-Towson, MD
  • Hagerstown-Martinsburg, MD-WV
  • Lexington Park, MD
  • Salisbury, MD
FAQ

Ground-up in Maryland: questions investors ask

Does Silt make ground-up loans in Maryland?

Yes. Maryland is one of the states Silt lends in, and the ground-up program covers single-family and 2–4 unit residential construction — infill, multi-lot, spec, custom and luxury.

Is Maryland a judicial or non-judicial foreclosure state?

Maryland is listed as a non-judicial-foreclosure jurisdiction: a power-of-sale clause in the deed of trust or mortgage lets the sale proceed without a court judgment, following the statutory notice steps. Real Property §7-105 permits a mortgage/deed-of-trust power of sale or assent to decree; subsection (c) expressly contemplates final court ratification. Avoid describing Maryland as a court-free nonjudicial process.

Do ground-up terms change in Maryland?

No. The program terms are the same in every state Silt lends in: loan amounts $200K – $10M; residential scope 1–4 units · nationwide; leverage 90% LTC · 70% ARV; structure Interest-only, 12–24 mo; draws Funded in 48h, app-based; projects Infill & multi-lot. The final term sheet reflects the property and the file.

Can I close in an LLC in Maryland?

Every Silt loan closes in an LLC or corporation, never a personal name. Corporations & Associations § 4A-1009 treats foreign LLC ownership of income-producing Maryland property as doing business, except specified default or foreclosure-acquired-property exclusions. SDAT’s foreign LLC registration form lists a $100 filing fee.

What closing taxes should I budget in Maryland?

Maryland’s state transfer tax is generally 0.5% of consideration under Tax–Property § 13-203. The 0.25% seller-paid exception for qualifying first-time principal-residence buyers is not an investor rental rate. Local transfer and recordation charges are additional.

What do you need from the general contractor?

A licensed GC, contractor license and insurance, an executed GC agreement and an itemized budget. Plans, permits and the construction schedule should describe the same scope so underwriting and the draw plan stay aligned.

RELATED
SOURCES
  1. Fannie Mae — Foreclosure Time Frames and Compensatory Fee Allowable Delays Exhibit (method of foreclosure by state)
  2. MD — Foreclosure statute
  3. MD — State transfer tax
  4. MD — Three-year valuation cycle
  5. MD — Title-agent settlement role
  6. MD — Income-producing property and foreign LLC
  7. MD — Income-producing property and foreign LLC
  8. MD — Residential notice before rent claim
  9. MD — Baltimore licensing ordinance
  10. U.S. Census Bureau — Vintage 2025 metro resident-population estimates (July 1, 2025)

Estimates on this page are not a commitment to lend. State facts reviewed October 2026; laws and rates change — confirm with your title company or attorney.