Frequently Asked Questions
We offer many different kinds of loans and will work with you to find the best one(s) to suit your unique needs and goals.
We offer interest-only for:
• Bridge financing
• Foreclosure workouts
• Partner buyouts
• Unique acquisitions
• Financing of short loan payoff
• Working capital needs
• DIP financing (Debtor in Possession)
• Unstable properties
• Conforming commercial
We also offer fully amortizing loans (15-, 20-, or 30-year terms) as a mortgage broker.
We are both a direct lender and a commercial mortgage broker.
Commercial loans are secured (backed) by commercial collateral, such as apartment buildings, offices, strip malls, mixed use and non-owner occupied residential buildings.
Yes! We do offer blanket loans on commercial properties.
Depending on the equity in the transaction, yes.
We only lend on non-owner-occupied property but still may be able to assist you.
To get started, we need:
• Photos of the property, including the inside, outside, and the neighbourhood
• Rent rolls, if property is currently rented
• Current signed personal financial statement
• Short executive summary that includes:
• Property type
• Purchase amount/estimated value in refinancing
• Requested loan amount
• Timeframe and exit strategy (refinance, sale, etc.)
• Equity (Please indicate where the balance of funds for this purchase will come from.)
We only offer first mortgages.
Yes, we are very experienced in handling transactions where the borrower is in foreclosure, as long as he/she has enough equity in his/her property to pay off the first lender and have a clean title.
Yes. We understand tax liens and have closed numerous transactions with various tax issues. All of the tax issues are typically paid off at closing since we typically cannot close a loan with any material title exceptions.
Great news! If your request is approved, you will receive preliminary approval within 48 hours, and we will send you a Letter of Intent.
We are currently focusing on loans in Massachusetts; however, we also lend nationwide as commercial mortgage brokers.
A hard money loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property. Interest rates are typically higher than conventional commercial or residential property loans because of the higher risk and shorter duration of the loan.
A bridge loan is a short-term loan that “bridges” the gap between today’s need for immediate cash and the final closing of a long term financing, recapitalization or sale.
Typically, no they do not
Each transaction is unique and the ratio can vary from transaction to transaction.
Typically, our loans do not have pre-payment penalties.
Yes. For more information on our Fix and Flip program.
We will not lend on churches, gas stations, or any property that could have an environmental concern.
There is no formal rate matrix since each deal is so unique. We price each deal aggressively based on the individual needs of the client.
You can get started by filling out our one-page application for a no obligation quote. For a more immediate response, please call us at (508) 559-2477.