Massachusetts Purchase And Rehab Lending

Loan Program # 1

Territory   MA Only

Amount    $50k - $5M

LTV          70%

INT           12 - 16%

PTS          2 - 3

TRM         3 - 36 months

Purchase/Rehab (Except in Springfield)

Commercial Properties Only

Land development, construction, renovation

Loan Program # 2

Territory   CT, DC, MA, MD, NJ, NY, PA, VA

Amount    $100k - $4M

LTV          Up to 90% (Sometimes from ARV)

                  75% LTC (purchase + rehab)  Standard

INT           15 - 18%

PTS          4

TRM         12 - 24 months

PPP          No

CRDT      620

Borrower needs experience, deal or two in last year

Needs to show money in bank to pay for down payment and carrying costs

Properties include 1 - 4 unit N/O/O, Mixed Use

New Construction: NY, NJ, CT

Loan Program # 3

Territory   Nationwide, MA (Including SPFLD, MA)

AMNT      $50k - 2.5M

LTV          Up to 80%

INT           12 - 18

PTS          2 - 6

TRM         12 - 36 months

PPP          None

CRDT      Credit Used To Determine Loan Program

Loan Program # 4

Commercial Property Purchase & Refinance

Development and Construction

Bank Workouts, BK & Foreclosure, Bridge

Mezzanine, DIP, Heavy Equipment,

No Income/No Asset, No Seasoning Ownership

Territory   MA, ME, NH

Amount    $100k - no max (Springfield $400k – 500k)

LTV          60 - 65%

INT           16%

PTS          4

TRM         12 - 36 months

PPP          4 / 3 / 2 or  3 / 2 / 1

Will do construction, Worcester County East

With cross collateral will give higher LTV