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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

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