Waban Mortgage LLC serves a segment of the real estate market under the following parameters for loans:

Loan Size: $20,000 to $1,000,000. Higher amounts maybe available upon request.

Loan to Value: 50% but will consider higher ratios under certain circumstances.

Interest Rates: 12% – 15%

Payments: Interest only

Lending Area: Massachusetts and Rhode Island, based on specific circumstances we will consider the loan in other New England states

Collateral Types: Non owner occupied residential , single family, multifamily, office, retail, industrial , land, hotels, motels, condominium developments , subdivisions and other commercial real estate.

Commitment Fee. A commitment fee Deposit will be required by the Borrower upon execution of the commitment letter to cover lender’s up front due diligence fees and costs.

Loan Term: One to two years typically. Under special circumstances, shorter term loans may be provided.