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Hard Money Lenders Massachusetts

Massachusetts Hard Money Loans for Fix and Flips and Ground Up Construction
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Massachusetts
Fix & Flip Loan
Sample Deal
Waltham, MA Home
Loan Amount: $787,500
85% of Purchase + 100% of Rehab
  • Rate 10.75%
  • 12 Months
  • Points 2.0%
  • 11 Days to Close
Featured In

Why We’re The Best Hard Money Lender In Massachusetts

We pride ourselves on being one of the best hard money lenders in Massachusetts for Fix and Flips, GUC, Rentals, and Multifamily investments.

Competitive Terms

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We provide competitive Terms on Massachusetts investment property loans.
Massachusetts Fix and Flip Loan Rates range from 10.5%-11.25% and a 1.5%-2.99% Origination Fee. DSCR Loan Rates range from 6.5% to 7.99% and 1.0% Origination Fee.

See our Loan Products Section for a detailed pricing breakdown of each Florida loan product.

Simple Online Application

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Real Estate investors can apply online, get pre-approved, or schedule a call in 2 minutes. Working with Ridge Street is simple and fast.

Start your simple online application today. Learn More

Quick Turn Around

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Our team is always available to take your call. If you submit a Quick Application or a Pre-Approval Application we’ll get back to you within 1 business hour. We can fund your project in 7 days.

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Reliable Financing

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Integrity and honesty are the foundations of our business. When we commit to a loan, we make sure you close on time.”

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Massachusetts Hard Money Loan Products

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Massachusetts Fix and Flip Loan

Funding For Purchase + Rehab

$50,000 up to $3,000,000

Interest Rate 10.5%-11.25%

Origination Fee From 1.5%

Up to 90% of Purchase and 100% of Rehab

Fix and Flip Loans For Beginners Allowed

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Massachusetts DSCR Loan

30 Year DSCR Loans For Rental Properties

Up to $2,000,000

Interest Rate 6.75%-7.99%

Origination Fee From 1.0%

Up to 80% of LTV

Short Term Rentals and Long Term Rentals

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Massachusetts Ground Up Construction Loan

For New Builds and Construction Completion

Up to $3,000,000

Interest Rate 10.99%-12.25%

Origination Fee From 2.0%

Up to 75% of Purchase and 100% of Construction

Up to 90% of LTC

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Massachusetts Hard Money Loan process

Our lending process for Massachusetts investment properties is simple and quick. Ridge Street closes loans in as little as 7 business days.

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Apply Or Get Pre-Approved Online

~ 2mins
Fill out a 2 Min Quick App with info about your Massachusetts based project. We need some preliminary information so that we can accurately evaluate your deal.
If you’re looking to be pre-approved so that you can find your next deal or you’d like to get more info from on of our team members, select an option below.
Request A Term Sheet | Get Pre-Approved | Schedule A Call
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Receive your Term Sheet

~ 2mins
Once we have your completed application, we’ll email you the term sheet and give you a call to provide confirmation.
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Submit Docs

~ 1-3 days
Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin underwriting the loan. We have a low document program with no income statement documentation.
Step 4

Appraisal or BPO

~ 2-7 days
Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days.
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Closing

~ 1-3 days
Once we have the completed document package, we'll schedule your closing within 1-3 business days.
Get Started

Featured Massachusetts Hard Money Loan

State
Massachusetts
Loan Type
Fix and Flip
Loan Amount
$787,500
Loan Amount (if applicable)
85% of Purchase + 100% Of Rehab
Rate
10.75%
Points
2.0%

massachusetts Deal Summary

This 4-bedroom, 2-bathroom property in Waltham, MA, was purchased for $750,000, with a $150,000 renovation budget to update the home and increase its market value. Ridge Street Capital provided financing to support the investor in maximizing the property’s potential. With a projected after-repair value (ARV) of $1.2M, the deal was set up for a profitable exit.

Keyword Highlights:

  • High Leverage Loan: Financed 85% of the $750,000 purchase price and 100% of the $150,000 rehab budget.
  • Investor-Friendly Terms: Designed to reduce upfront capital requirements, giving the investor flexibility to focus on the renovation. The rate was 10.75% interest only and 2.0% Origination.
  • Strong ARV Potential: The projected $1.2M ARV ensured a clear path to a profitable flip with a solid return on investment.
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What are DSCR Loans used for in Massachusetts?

Massachusetts
Boston Skyline

What are Hard Money Loans Used For In Massachusetts?

Real Estate Investors in Massachusetts use hard money loans to purchase, rehab, and construct investment properties.
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
Hard money loans allow Massachusetts real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
As Massachusetts real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

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Real Estate Investors in Massachusetts use hard money loans to purchase, rehab, and construct investment properties.
‍
A hard money loan is an “asset-based” loan in which the loan amount is based on the as-is value and after repair value of a property as well as the credit scores of the borrowing company’s owners.
‍
Hard money loans allow Massachusetts real estate investors to secure financing for fix and flips, ground-up construction, and rental properties through an LLC or a Corp without using their personal income.
‍
For most hard money loans, investors will have to bring a 10%-20% down payment and can use the hard money loan to finance the remainder of their project.
‍
As Massachusetts real estate investors acquire more experience, hard money lenders like Ridge Street will increase their leverage and require less cash at the closing table.

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Get Approved Online

Best Cities To Invest In Real Estate
In Massachusetts?

Boston

Boston, MA, boasts a competitive and high-demand real estate market fueled by its world-class education institutions, thriving biotech and finance industries, and consistent population growth. With a limited housing supply and strong appreciation rates, the city presents lucrative opportunities for fix-and-flip projects in historic neighborhoods like South End and Dorchester. For rental investors, the demand from students and professionals in areas like Cambridge and Allston ensures steady cash flow. Boston’s combination of high property values, a resilient economy, and an educated workforce makes it a premium market for real estate investment.

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Springfield

Springfield, MA, presents a modest yet stable market for house flippers. While not as dynamic as larger Massachusetts cities, Springfield has experienced growth, offering potential for profitable flips. The city's housing market has seen median sales prices rise over 17%, indicating appreciation. However, home values have changed at a yearly rate of -0.03% over the last decade, suggesting a need for careful market analysis. Investors should focus on neighborhoods with older properties requiring renovation, ensuring that after-repair values align with market expectations. While the Springfield market may not yield high returns compared to more active markets, it offers steady opportunities for those employing conservative investment strategies.

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Frequently Asked Hard Money Loan Questions

How do I qualify for a hard money loan in Massachusetts?

To qualify for a hard money loan in Massachusetts with Ridge Street you need:

  • A Credit Score of 640+

  • A profitable deal with at least a 10% ROI

  • An LLC or a Corporation Registered In Massachusetts

What types of properties can I finance with a hard money loan in Massachusetts?

Ridge Street finances the following property types:

  • Residential 1-4 Units

  • Multifamily 5-25 Units

  • Commercial (Select properties)

What are the interest rates and terms for hard money loans in Massachusetts?

“Depending on the sponsors experience and credit profile Rates Range from 10.5%-11.5%. Ridge Street’s median rate for a hard money loan on a fix and flip in Massachusetts is 10.75% interest only with no pre-payment penalty.

How fast can I get a hard money loan in Massachusetts?

Ridge Street closes hard money loans in as little as 10 days.

Are there any state-specific regulations for getting a hard money loan in Massachusetts?

Ridge Street’s hard money loans are business purpose loans. This means that we can only lend to borrowers with entities (LLC or Corp) registered in Massachusetts.

Can I use a hard money loan to finance a fix and flip in Massachusetts?

Absolutely. This is the main use of a hard money loan in Massachusetts.

What is the loan-to-value (LTV) ratio for a hard money loan in Massachusetts?

There are a number of ratios that Ridge Street uses to determine the Loan Amount. Put simply, for a first time investor we finance up to 80% of the Purchase + 100% of the Rehab. For an experienced investor, we finance up to 90% of the Purchase + 100% of the Rehab.

Can I use a hard money loan to finance a rental property in Massachusetts?

You can use a hard money loan to purchase and renovate a rental property. You can then refinance with a DSCR Loan. If the property is rent ready at purchase, there is no need for a hard money loan and you can go straight into DSCR financing.

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READY TO GET
STARTED

With Ridge Street, obtaining an investment property loan is easier than you think! You can get pre-approved online and a Term Sheet that meets your needs will be sent to you within 1-2 business hours.

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