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

Terms

• First position only, always secured with real estate
• 75-85 % of purchase money and 100% of rehab or construction funds
  
• 10-12% Simple interest depending on the deal, interest only payments
• 2-3 points, usually paid up front, occasionally we will accrue points and even interest payments until maturity
  
• Minimum loan $100,000, maximum $1,000,000
• 6-12 month term, depending on the deal
• Up to 70% of ARV
• Must take title in an entity (LLC or Inc.)
• Must close with our title company (in NH) or attorney (in MA)

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