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Loans

We finance short-term and long-term real estate transactions in Massachusetts and New Hampshire, including condo conversions, single and multi-family flips, buy and holds, and new construction builds, among others.

Terms

We lend between 80% and 100% of a project’s purchase price and 100% of construction and rehab budgets. Our loans carry a 12% interest (per annum) rate and a 2% origination fee. We do not charge any other fees – no appraisal, inspection, draw, wire or other fees.

Process

We work with borrowers to determine what loan amount, construction draw amount, and construction draw schedule works best for them. We aim to approve loans and deliver a term sheet within 24 hours. Upon signing of the term sheet, we can typically close within two weeks, but have closed deals in as few as three days.

Information Required

We fund transactions on an asset basis, looking only at the asset being purchased as the basis for our determination. Accordingly, we do not require credit checks or proof of funds. We analyze purchase price, construction budgets and resale price in order to qualify a loan.

If you are interested in submitting an application for a loan, click here.