Bridge Loans in Massachusetts

The loan funds the purchase or refinance of an investment property for a short term, typically twelve months with longer options, while you execute a plan: sell, lease up, renovate lightly or qualify for permanent financing. Payments are interest-only during the term and the principal is repaid at the exit. Interest reserves can sometimes be built into the loan so the property carries itself while the plan plays out.

It is when speed or timing is worth more than the lowest possible rate. If a fast close wins you the property, if a vacant building needs a lease-up period before a bank will lend on it, or if a maturing loan needs to be replaced quickly, a bridge loan is usually the right tool. It is a poor fit when there is no clear exit, which is why we underwrite the exit as carefully as the property.

No. Norfolk Capital is a private lender for real estate investors, and we lend only on non-owner-occupied property held in a corporate entity. If you are a homeowner looking to bridge the sale of your residence, a bank or mortgage broker offering consumer bridge or home equity products is the right resource.

Both are short-term, private and asset-based. A bridge loan is defined by its purpose, carrying a property between two financing events such as purchase and permanent refinance. A hard money loan is defined by its underwriting and most often funds a purchase plus renovation on a fix and flip. At Norfolk Capital the two frequently overlap, and we structure whichever fits the deal.

Our bridge loans start at twelve months, and we also offer one, two, three and five year options for plans that need more runway, such as a multi-phase lease-up or a commercial repositioning. Because there is no prepayment penalty, you can choose a longer term for safety and still exit early when the plan comes together.

Real estate investors borrowing through an LLC or other entity on non-owner-occupied property: residential with one to four units, multifamily with five or more, mixed-use and commercial. We look at the property's value, your exit strategy, your experience with similar projects and your liquidity. Credit is reviewed, but low credit is not a barrier on a strong deal.

Yes. We provide bridge financing on multifamily, mixed-use, retail, office, industrial and land in Boston and Greater Boston. Because we are based in Boston and lend our own capital here, we can value commercial property from local experience and move on the timeline a commercial closing demands.

With a complete file, we can close in days, though a week or two is more typical. The appraisal is usually what sets the pace, and it is not always required. Respond quickly to document requests and have your contract, bank statements and entity documents ready to keep the closing fast.

You exit through the plan set at closing: the property is sold and the loan repaid from proceeds, or it is refinanced into permanent financing such as a DSCR rental loan or a bank mortgage. If a plan runs long, talk to us early. We would much rather work through an extension than see a good project stall.

Throughout Massachusetts, with Boston, Cambridge, Somerville, Quincy and the surrounding cities as our core market, plus Rhode Island and New Hampshire. We also lend in more than thirty states for investors whose portfolios extend beyond New England.