MORTGAGE SOLUTIONS
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.