Rental Property Loans Massachusetts

Private lenders can approve and fund loans more quickly than traditional banks, which have more stringent regulatory requirements.

Investors who focused on purchasing rental properties need fast, flexible funding to capitalize on opportunities. Private mortgages, especially from private lenders can be approved in weeks, whereas a traditional loan could take months.

Whether you're looking to invest in a single unit or a multifamily property up to eight units, our loan options are tailored to meet your specific needs.

To qualify for a private mortgage, the lenders focus on your ability to repay the loan through factors like a significant down payment, income from the investment property and a strong exit strategy (a plan to repay the loan, such as selling or refinancing), and sufficient property collateral. You'll need to provide documentation such as a property appraisal, proof of funds for the down payment, rent roll, and hazard insurance.

Investment property that is purchased with our hard money loan product can be refinanced as soon as all items on the scope work are completed, inspected and permitted by the city. Refinancing your hard money loan comes with the following benefits:

• Faster approval: The loan application process is often much quicker with private lenders because they have fewer regulatory hurdles than banks.
• Flexible qualification requirements: The underwriting for private mortgages is based more on the property's value than on the borrower's credit score, income, or property managemnet history.
• Customizable terms: Borrowers can negotiate the loan's terms, including the repayment schedule and interest structure, to fit their specific needs.
• Less bureaucracy: With fewer regulations, private lenders can offer a more streamlined, personalized experience without the lengthy paperwork required by traditional banks.