Hard Money Lenders Massachusetts

Fast Massachusetts Hard Money Loans
Ready to close in less than a week

  • Interest rates 10 – 12.75%
  • Credit score 650+
  • Loan-to-Cost Up to 90%
  • No income verification
  • Get approved online in 5 minutes
  • Instant proof of funds letter
  • Interest only payments
Get Approved Online
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Need financing for your upcoming real estate project? Get approved for a hard money loan in 5 minutes using our online application

Need funding fast? Look no further than New Silver. New Silver has the perfect selection hard money loans for property investors in Massachusetts.

New Silver has a variety of different hard money loan products available to suit the needs of any real estate investor. Run by a team of experienced real estate professionals, our loans are ideal for real estate investors in MA.

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Loan Programs

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Fix & Flip

For house flippers hoping to purchase a fixer upper to renovate and resell in Massachusetts. Interest rates from 10 – 12.75%, Loan-To-Cost up to 90%, with loan terms up to up to 24 months. Hard Money Refinance Loans also available.

  • Get up to $5,000,000
  • Interest rate 10 – 12.75%
  • Origination fee from 1.875%
  • Up to 100% construction
  • More info
Get Approved Online
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Rent

30-year rental loans for stabilized rental properties. Ideal for investors hoping to acquire an investment property. Interest rates from 7.5, loan-to-purchase price up to 80%. Built for buy and hold investors that purchase rental properties.

  • Get up to $3,000,000
  • Interest rate 7.5
  • Origination fee 2-3%
  • 30-year fixed rate
  • More info
Get Approved Online
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Ground Up

Designed for residential builders, our ground up construction loans can finance up to 90% Loan-to-Cost (LTC). Interest Rates from 10 to 13.25%

The perfect solution for builders in Massachusetts that need quick access to capital to fund construction costs.

  • Get up to $5,000,000
  • Interest rate 10 - 13.25%
  • Origination fee from 1.875%
  • Up to up to 24 months
  • More info
Get Approved Online

Massachusetts Hard Money Loans

Getting a traditional loan is a slow, drawn-out and exhausting process. At New Silver, we provide hard money loans for real estate investors that value speed, efficiency and transparency. Offering house fix-and-flip, fix-to-rent and construction loans, our team of experienced real estate experts are available to get you capital and assist you with any hiccups that may come up along the way.

New Silver is unlike other hard money lenders in Massachusetts. As licensed real estate investment professionals, we know what real estate investors need: quick and easy online applications, terms of up to twenty-four months and most of all, fast loan closing and attractive rates. At New Silver, we specialize in hard money loans for single-family residential, but we can also cater to multi-family and commercial real estate projects. Contact our Massachusetts hard money lending team today to find the best loan fit for your next real estate project.

Ultimately, if you need fast, efficient, hard money financing solutions with competitive interest rates, New Silver is the hard money lender for you.

New Silver lends in these cities:

  • Agawam
  • Amesbury
  • Attleboro
  • Barnstable
  • Beverly
  • Boston
  • Braintree
  • Brockton
  • Cambridge
  • Chelsea
  • Chicopee
  • Easthamn
  • Everett
  • Fall River
  • Fitchburg
  • Franklin
  • Gardner
  • Gloucester
  • Greenfield
  • Haverhill
  • Holyoke
  • Lawrence
  • Leominster
  • Lowell
  • Lynn
  • Malden
  • Marlborough
  • Medford
  • Melrose
  • Methuen
  • New Bedford
  • Newburyport
  • Newton
  • North Adams
  • Northamn
  • Palmer Town
  • Peabody
  • Pittsfield
  • Quincy
  • Revere
  • Salem
  • Somerville
  • Southbridge
  • Springfield
  • Taunton
  • Waltham
  • Watertown
  • West Springfield
  • Westfield
  • Weymouth
  • Winthrop
  • Woburn
  • Worcester

Average Home Value

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$545,865

1-Year Home Appreciation

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6.7%

Average
2 Bedroom Rent

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$1,893

Average 4 Bedroom Rent

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$2,624

Homes Values In MA Are Very Expensive: The average home value in Massachusetts is approximately $545,865. This is over $200,000 more than the average home value in the US ($328,745).

The high cost of homes can be advantageous to house flippers, because it leaves greater room to maximize gross profit and net profit. If you can secure a poorly maintained home with plenty of potential, executing a house flip in MA could produce life changing income.

Rental Property Investing In MA Can Be Very Lucrative: Homes and apartments in Massachusetts are generating some of the highest rental amounts in the US. The average 2 Bedroom rent is $1,893, while the average 4 Bedroom rental amount is $2,624. Provided you can secure financing, Massachusetts can be a very good place to hold rental properties.

Median Home Price by MSA

MSA Name Median Home Price 1-Year Appreciation 3-Year Appreciation
Barnstable Town $684,200 11.1% 56.6%
Boston $698,900 6.2% 37.7%
Pittsfield $332,800 9.9% 45.2%
Springfield $324,600 8.6% 37.4%
Worcester $431,000 11.4% 44.5%

Massachusetts Real Estate Market Analysis

Property Prices Have Increased Dramatically Over The Last 3 Years: When analyzing the median sales price of all the key metropolitan areas in Massachusetts, it’s clear that each metro has experienced very positive growth in the last 36 months.

In particular, Barnstable Town (56.6%), Pittsfield (45.2%) and Worcester (44.5%) have all experienced a massive growth spurt.

You Can Make The Most Money In Boston & Barnstable Town: If you are hoping to maximize your investment gains, you should give ample time to researching properties in both Boston and Barnstable town. With median home prices of $698,900 and $684,200, the potential resale value of a well executed house flip is huge.

Massachusetts Real Estate Investor Associations

Reasons to Fund Your Investment Property with New Silver

It doesn’t matter if you are a buy and hold investor or a house flipping specialist. New Silver is a top-rated Massachusetts hard money lender with a selection of real estate loans perfectly matched to meet your real estate investing needs. Unlike a conventional mortgage which can take ages to complete, our hard money loans can be approved online in less than 5 minutes, with an instant proof of funds letter to help you secure the purchase. We are ready to help you solve your real estate investment needs.

Frequently Asked Questions

Yes. New Silver is a private lender that offers short term loan products for house flipping projects, but we also have 30 year rental property loans for investment properties. We also cater to real estate entrepreneurs hoping to build multi-family apartments with our new construction loans.

Yes, New Silver is a private money lender that provides asset-based loans at scale. With asset-based lending, the underwriting process can be more lenient than conventional lenders. This is because the underlying value of the asset is more important than the financial background of the investor when setting the terms of a private money loan.

As a result, the financing and credit score requirements of a direct lender are less stringent, income verification is not needed and the debt-to-income ratio of the borrower doesn’t matter. Plus, we can get you approved and closed with a hard money loan within 7 days.

Yes. We offer ground-up construction loans for real estate developers that build single family (1-4 unit) residential properties.

Our construction loans have a maximum loan amount of $5,000,000. This can cover a wide range real estate investments, including residential and commercial properties.

Yes. Our fix and flip loans can act as a bridge loan for real estate investors with a loan term ranging from 6 to 24 months in duration. More information can be found on the loan product page, together with the maximum loan amounts available.

p>The main reason hard money loans have higher interest rates than traditional loans is because of the risks involved in the transaction. Unlike a residential home purchase, a fix and flip project could run over budget or the real estate market could take a turn for the worse, making the property difficult to sell quickly.

In other words, you could potentially lose money with a fix and flip. This risk is applicable to the borrower and the hard money lender. The higher interest rate compensates for this risk, which most conventional lenders are unwilling to take on. Hard money lenders effectively fill the gap, using an asset based lending model to fund real estate deals.

The origination fee (loan points) is usually between 2-3%, but this varies with each deal. To work out the expected monthly payments, it is best to use our hard money loan calculator.

On this point, it is also worth noting that the monthly payment of all New Silver hard money loans work on interest only payments. This helps reduce the cash flow burdens of the investor while the project is underway. Interest only payments are one of the best benefits that you can unlock by working with a reputable hard money lender like New Silver.

In short, yes. While the credit requirements of a hard money lender are not as stringent as a traditional lender, we do review the credit history of all our borrowers. If you’re worried about the minimum credit score, it is best to look at our hard money loans product page to see if New Silver is a good fit for your needs.

You should find that our interest rates are lower than other private money lenders. In addition, we don’t require income verification during the credit history check.

  1. House Flipping Loan – Designed for house flippers
  2. Rental Property Loan – 30 year loan for investment properties
  3. Construction Loan – For new residential building projects
  4. Personal Loan – Private loans for whatever you need

Right now, we do not specialize in commercial hard money loans. With that being said, our maximum loan amount should be big enough to cover both residential and commercial projects.

It all comes down to the number of units. If you need a hard money loan for a residential project that ranges from 1 to 50 units, New Silver is the ideal hard money lender for you. However, if your real estate investment exceeds 50 units, we can put you in contact with one of our partners in order to secure the capital you need for a large-scale commercial project.

Where We Lend

Hard Money Loans Across The US

Apply for a loan at New Silver today!

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