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Frequently Asked Questions

Answers to Your FAQs
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  • 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
    • Bankruptcy
    • Foreclosure workouts
    • Partner buyouts
    • Unique acquisitions
    • Financing of short loan payoff
    • Working capital needs
    • DIP financing (Debtor in Possession)
    • Unstable properties
    • Rehab/renovations
    • Conforming commercial

    We also offer fully amortizing loans (15-, 20-, or 30-year terms) as a mortgage broker.

  • We are currently focusing on loans in Massachusetts; however, we also lend nationwide as commercial mortgage brokers.

  • We are both a direct lender and a commercial mortgage broker.

  • 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.

  • Commercial loans are secured (backed) by commercial collateral, such as apartment buildings, offices, strip malls, mixed use and non-owner occupied residential buildings.

  • 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.

  • We can do blanket loans on commercial properties.

  • Typically not.

  • Depending on the equity in the transaction, yes.

  • Each transaction is unique and the ratio can vary from transaction to transaction.

  • We only lend on non-owner-occupied property but still may be able to assist you.

  • Typically, our loans do not have pre-payment penalties.

  • 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. For more information on our Fix and Flip program, please click here.

  • 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.

  • We will not lend on churches, gas stations, or any property that could have an environmental concern.

  • 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.

  • 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.

  • Great news! If your request is approved, you will receive preliminary approval within 48 hours, and we will send you a Letter of Intent.

  • 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.