Best Hard Money Lenders Massachusetts

Top 8 Best Hard Money Lenders in Massachusetts MA

1. Norfolk Capital

Norfolk Capital is a private lender in the Boston area focused on serving the financing requirements of real estate investors, developers, and home builders. They have an excellent Google profile. 

As a private lending source, Norfolk Capital can provide creative, quick-turnaround solutions that respond to a borrower’s immediate financing needs through uniquely structured asset-based loans. Norfolk Capital offers great terms and a solid selection loan programs.

Here's some more details:

• Interest-Only Fix and Flip Loans start as low as 8.49 %

• Term lengths start at 12 months

• Fast closings

• Low down payment options

• Up to 90% of the acquisition and rehab funded

• No prepayment penalty

#2. Summit Capital Management

Summit Capital Management has one of the highest rated profiles in Massachusetts. Summit Capital Management is a local, private Direct/Hard money lender specializing in renovation and construction lending.

3. TMD Capital

TMD Capital is based in Tower Square. They have an excellent Google profile and a solid website.  They offer fix and flip loans, rental loans, multi family loans and more.

Here's some more details on their standard fix and flip loan:

• 90% of Purchase + 100% of Rehab

• Rates - 7.99 - 11.99%

• 12 Month Terms

• Capped at 75% of ARV

• 620 Min FICO

#4. Endeavor Capital

Endeavor Capital is a Boston area hard money lender. They don't have a ton of reviews online, but the ones they have are excellent.

Endeavor Capital is a direct commercial real estate lender who has been loaning successfully since 1995. They've worked with hundreds of borrowers over the past 25 years for executing special situation commercial real estate and investment loans.

#5. Universal Capital 

Universal Capital has a solid Gooogle profile and a transparent website. Universal Capital was established in 2010 by an experienced team of mortgage banking professionals. They provide time-sensitive interim and bridge financing using non-owner occupied residential and commercial real estate as collateral.

Here's more about their loan offerings:

• Loan Size $100,000 – $3 million
• Loan Term 6 -12 Month Terms – Extensions available at lender discretion
• Payments Payments are interest-only due every 30 days, 1st mortgages only
• Loan to ARV Typically 70% of Current or After Renovation Value (ARV)
• Down Payment Minimum of 5-20% of the purchase price as a down payment, determined by scenario
  Ownership Must be non-owner occupied/investment only
• Time to Close 5 – 7 Business Days – Subject to Title
• Lending Areas MA, NH, ME, RI, CT, FL and others available depending on location/loan scenario

6. Hard Money Lender Direct

Hard Money Lender Direct, also Asset Based Lending LLC, is a direct private money lender based in Boston. They offer loans for fix and flips, new construction, multi family and more. They specialize in loans in the Northeast states. 

Here's some more details:

• Minimum 150k loan requirement
• Origination fee of 2%
• Interest starting at 10%
• Minimum 625 credit score

#7. New Silver

New Silver is actually more of national lender but they're based in Brookline MA. They have a proven process and have successfully completed thousaands of loans for investors throughout the US.

Here's more about their loan offerings:

• Interest Rate 6.99 - 9.5%
• Origination Fee from 1.875%
• Loan To Project Cost up to 90%
• Construction Financing up to 100%
• Loan To ARV up to 80%
• Term up to 24 months
• Type of Property Residential 1-4 units, multi-family up to 50 units
• Maximum Loan Amount $3,000,000
• Minimum Loan Amount $75,000
• Minimum FICO 600

#8. QS Private Lending 

QS Private Lending, LLC  is a hard money lender in Natick MA. They lend to builders, developers and real estate investors in Massachusetts, Rhode Island, New Hampshire and Georgia. They provide short term, first mortgage loans for the acquisition, construction or renovation of investor-owned real estate. 

Here's more about their loan offerings:

• GEOGRAPHIC LOCATIONS:  Massachusetts, Rhode Island, New Hampshire and Georgia
• USE OF FUNDS:  Acquisition, renovation or construction
• LOAN SIZE: $50,000 to $5,000,000
• LTV: Up to 70% of Completed Value
• TERM: 12 Months. May be prepaid without penalty, or extended.
• INTEREST RATE: 10.00% to 14.00%
• ORIGINATION FEES: 2%