Loan Guidelines

Loan Types

  • Renovation Loan - Fix & Flips / Fix & Holds / Condo Conversion
  • New Construction – Ground up
  • Commercial Bridge

Property Types (Non-Owner Occupied)

  • Single Family 
  • Multifamily
  • Mixed-use
  • Commercial

Loan Parameters
Loan Parameter Type Loan Parameter Description
Borrower Profile: Builders, Flippers, Investors (Non-Owner Occupants)
 New Construction:  Yes! - We Fund 100% of Construction Costs
Loan Size: $150,000 - $3,500,000
Loan Term: 12 - 18 months - Extensions Available at Lender Discretion
Lending Areas: Massachusetts, New Hampshire, Rhode Island, Maine
Interest Rate: as low as 10% - Interest Charged on Outstanding Balance
Origination Fees: 2% - 3% - Split 1/2 at Close and 1/2 at Exit
Loan To Value: Up To 75% - As-Renovated
Payment: Interest Only / Payments Due Every 30 Days
Closing: Close in as little as 5 - 7 Days – Subject To Clean Title
Collateral: First Mortgage, Real Estate Only
Credit Requirements: Borrower Friendly Credit Requirements 
 Documentation:  Stated Income / Stated Asset
Appraisal: Not Required unless a Commercial Property

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