Terms:

• First position only, always secured with real estate
• Loans made to entities only, you must take title in an entity, or transfer ownership to an entity
• Massachusetts and New Hampshire properties
• 11-14% Simple interest depending on the deal, interest only payments
• 2-5 points, usually paid up front, sometimes we will accrue points and even interest payments until the balloon payment is due
• 0-12 month term, depending on the deal
• LTV 50-60% of ARV, above 60% additional collateral  may be required

We do NOT:

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

Special Circumstances:

• Hard money loans require the borrower have a stake in the project -      ”skin in the game” – either cash or additional collateral in the form of other properties
• On occasion, we will consider an equity position in the project – a percentage of the profit – if the borrower doesn’t have sufficient cash or collateral