Raymond C Green Companies

About Raymond C Green Companies

Raymond C Green Companies is a private money lender based in Boston, MA providing funding throughout Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, and Florida. They provide loans for a variety of situations and needs, including construction loans, fix and flip hard money loans, and short term loans. They provide loan amounts ranging from $100,000 to $5,000,000 with a maximum LTV of 70% and terms up to 36 months. They will consider different loan requests but primarily focus on single family and multi family residences.

Loan Types Offered: Fix and Flip Loans, New Construction Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: MA, NH, RI, ME, CT, FL

Lending Guidelines for Raymond C Green Companies

Below are the general loan guidelines published on the Raymond C Green Companies 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 Raymond C Green Companies.

Loan Example 1

Sonya is a real estate investor in Miami, FL. She locates an older property for sale and decides to rehab it and flip it for a profit. The property costs $330,000 but she does not have the full amount so she takes out a private money loan with Raymond C Green Companies. The lender agrees to issue a note with a 75% loan to value (LTV) so they are willing to extend $247,500 on the property. The loan is interest only, with monthly payments, and is for 18 months at 13% interest with 4 origination points paid at the closing.

The borrower will need to contribute a total of $32,400 up front to cover the $82,500 down payment plus the $9,900 origination fee. The monthly interest only payments will then total $2,681 to the lender. At the end of the note, she sells the rehabed property for $396,000. After deducting the $48,263 in interest payments ($2,681 multiplied by 18 months), the $9,900 origination fee, the $247,500 principle on the note, and the $82,500 she contributed to the closing, she will make a gross profit of $7,838 ($396,000 sales price minus $388,163 in total costs). This profit would be reduced by any renovation costs paid by the borrow.

Loan Example 2

Valarie locates a duplex in Miami, FL to remodel and sell. Because she does not have enough cash to buy the property outright, she takes a fix and flip loan from Raymond C Green Companies with the following parameters:

$330,000 sales price
70% loan to value (LTV)
18 month term
12% interest rate
1% origination fee

If Valarie accomplishes her goal of a $478,500 sales price, the outcome of the deal will be the following:

$478,500 sales price
- $231,000 principle on note (70% LTV)
- $99,000 cash paid at closing (30% on 70% LTV)
- $2,310 origination points (1% of the $231,000 principle amount)
- $41,580 interest payments (18 months x 12% interest)
-----------------------
= $104,610 gross profit (doesn't include taxes or renovation costs)

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