HARD MONEY LENDER MASSACHUSETTS

We lend throughout Massachusetts, Boston, Cambridge, Worcester, Lowell and Springfield included, on business-purpose loans secured by non-owner-occupied property. Loan Goat is a direct lender with in-house capital, so approval does not depend on an outside investor saying yes first. Standard closings run five to seven days. Bridge, fix and flip, construction, DSCR rental and commercial programs are all open to a Massachusetts borrower.

Triple-deckers in Worcester County and Middlesex County are among the most common properties we see from this state. A bridge or fix and flip loan funds the buy and the renovation, underwritten on the building and its rent potential rather than your paperwork. Once the three units are leased, a rental property DSCR loan refinances it into long-term debt with no prepayment penalty attached.

Condo conversion projects in Suffolk County work well on bridge financing, since the exit is a sequence of unit sales rather than one closing. Dorchester, South Boston and Jamaica Plain projects fit that structure. We underwrite the property and the plan, we do not charge a prepayment penalty as units sell, and construction money is available for the renovation phase before the first listing goes live.

Cambridge rentals near Harvard and MIT qualify under the rental property DSCR program, which sizes the loan on the income the units generate. Two-family and small multifamily near Kendall Square or Central Square are the usual candidates. If the building needs work before it can command market rent, a bridge loan funds the acquisition and a fix and flip budget handles the renovation.

No prepayment penalty on the bridge programs. Pay the loan off the day the flip sells or the refinance funds and you owe interest for the days you used the money. That matters when the whole plan is to be in and out inside a year.

Five to seven days is the standard, and low-doc bridge deals have closed in as little as three. Speed comes from the structure, not from cutting corners: in-house capital, one decision maker and minimal documentation. Title and escrow set the floor, so the sooner those are opened, the sooner the wire moves.

Credit is reviewed, but the property carries the decision. These are business-purpose loans on non-owner-occupied real estate, underwritten to value, exit and the strength of the deal. Investors turned down by a bank for self-employment, a recent event on file or thin documentation are routine business here.

Bridge money runs from 9.00% to 13.00% and moves with leverage, property type, exit and experience. Rental loans price lower because the property carries the debt, from 6.50% on the Non-QM tier. Every quote is written before an appraisal is ordered, so you are never chasing a number that changes at the closing table.