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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