We provide short-term capital for acquisitions, speculative construction, bridge loans, ground-up construction and renovations for residential and commercial properties. We evaluate and respond to your loan requests promptly and provide expedited funding.
PROPERTY TYPES | Commercial Properties, Residential Properties including spec homes, subdivisions, condo conversions, renovations, etc. |
LOAN TYPE | Acquisition, Ground-up Construction, Renovations, Land, Equipment |
COLLATERAL TYPE | First Mortgage, Second Mortgage, Joint Venture Equity |
GEOGRAPHIC AREAS | Massachusetts, Connecticut, Rhode Island, New Hampshire, New York, Florida |
LOAN SIZE | $25,000 to $10,000,000 |
LOAN TERM | 6 to 18 months |
INTEREST RATES | 12% to 14% |
LOAN TO VALUE | Up to 75% |
ORIGINATION FEE | 2% to 4% |