Mass Private Lending

About Mass Private Lending

Mass Private Lending is hard money lender based in Cohasset, MA. They provide loans in Massachusetts and Rhode Island. They provide ground-up construction loans, loans for rental properties, hard money loans for commercial properties, short term loans, fix-and-flip hard money loans, and cash out hard money loans. Their loan guidelines are versatile, including loan amounts ranging from $75,000 to $3,000,000 with a maximum LTV of 80%, rates ranging between 12% and 14%, and terms between 6 months and 1 year. They make loans on the following property types: single family units, multi family residences, apartments, offices, retail spaces, hotels and motels, storage facilities, senior living communities, mixed use buildings, warehouse buildings, industrial buildings, medical offices, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, New Construction Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: MA, RI

Lending Guidelines for Mass Private Lending

Below are the general loan guidelines published on the Mass Private Lending website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Mass Private Lending.

Loan Example 1

Carlos finds a property in Boston, MA to flip and re-sell. Since he doesn't have enough cash on-hand to acquire the $300,000 project outright, he decides to take out a fix-and-flip loan from Mass Private Lending. The borrower will need to fund 40% of the purchase price in cash to closing based on a 60% loan-to-value set by the lender. This makes the principle note from Mass Private Lending $180,000. The loan is interest only, paid monthly, and is for 6 months at 8% interest with 2 points to be paid when the deal closes.

In addition to paying the $3,600 origination fee, Carlos will also have to fund $120,000 of the purchase with his own funds, or 40% of the purchase price. After the deal is executed and Carlos takes on the project, he will begin making monthly payments of $1,200 to the lender ($180,000 principle x 8% / 12 months). If Carlos accomplishes his goal of a $435,000 total sales price at the end of the loan term, he would make a total profit of $124,200 after repaying the principle on the note and subtracting the cash he paid at closing, the origination points, and the total interest payments.

Loan Example 2

Catalina finds a house in Boston, MA to remodel and sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Mass Private Lending with the following parameters:

$370,000 sales price
75% loan to value (LTV)
12 month term
9% interest rate
1% origination fee

Catalina plans to sell the property at the end of the term for $518,000. If she achieves this goal, the deal numbers would be the following:

$518,000 sales price
- $277,500 principle (75% LTV)
- $92,500 down payment (25% on 75% LTV)
- $2,775 origination points (1% of the $277,500 principle)
- $24,975 interest payments (12 months x 9% interest)
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= $120,250 gross profit (does not include taxes or renovation costs)

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