Where we lend

• Massachusetts:  We lend in the eastern half of Massachusetts from Worcester and immediate western suburbs to points east, and from the Cape Cod Canal north.
• New Hampshire:  We lend from Concord south, and occasionally in the Lakes Region.
• We do not lend in other areas

NO Junk fees

• No appraisal fee
• No underwriting fee
• No application fee
• No evaluation or initial visit fee
• No Doc prep fees
• No pre-approval fees
• No credit check
• No income requirements

Terms

• First position only, always secured with real estate
• Varied rates and terms depend on experience level and the deal itself
• 80-90 % of purchase money and 100% of rehab or construction funds
• 10-12% Simple interest depending on the deal, interest only payments
• 1.5-2 points usually paid at the end of the project
• 12 month term, depending on the deal
• Up to 75% of ARV
• Minimum loan $100,000, max loan $1,000,000
• Must take title in an entity (LLC or Inc.)
• Must close with our attorney/title company

We do NOT:

• Lend in 2nd position
• Lend on any property intended to be owner occupied

Special Circumstances:

• We will consider cross collateralization in lieu of cash
  

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