Loan amount
$75K-$3M
Loan-to-value (LTV)
80%
Required credit score
None
Required deal experience
None
Rates
12-%14%
Fees
Commitment / Origination Fee of 3% of the total loan amount. Broker fee of the greater of 1.5% of the total loan amount or $1,500.00.
Address
113 Ripley Rd, Cohasset, MA 02025
About
Mass Private Lending is both a direct lender and a facilitator. We pre-screen borrowers and determine if they will qualify for a loan with one of our private investors or lenders. Our due diligence consists of reviewing the property to be pledged as collateral, reviewing the borrower’s proposed loan summary and corresponding directly with the borrower to ascertain their ability to service the debt and the viability of their exit strategy. Once our preliminary due diligence is complete, we work with the borrower and private lender thru the execution of a written commitment letter memorializing the terms and conditions of the specific loan transaction.
States
Massachusetts
Rhode Island