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One of the prominent private lenders involved in these transactions is Rock Capital, a company heavily involved in financing Baltimore’s real estate speculations. According to recent reports, Rock Capital and similar lenders have funneled millions of dollars into the city’s housing market, often targeting areas bypassed by traditional banking institutions.

Impact on Local Housing and Investment

While these private lenders report themselves as victims caught in a broader market downturn, their influence has not been benign. The influx of Wall Street-backed private capital has both fueled investment in some areas and contributed to the current instability. As widespread foreclosures continue, the credibility of these private financing schemes is under scrutiny.