Hard Money Lenders in Boston, MA

Look for three things: a lender physically based in Boston with a local track record, a lender that funds its own loans rather than brokering them out, and a range of programs so your deal is matched to the right structure. Norfolk Capital checks all three. Our office is in Boston, we have lent here since 2010, and we lend our own capital in the local market.

When your documentation is ready, Norfolk Capital can close in a matter of days. The most common delay is the appraisal, and because we know Boston valuations from experience, many of our loans do not require one. Respond quickly to document requests and have your purchase contract, budget and entity paperwork ready to keep the timeline short.

The property comes first: its current value, its after-repair value and how realistic the renovation budget is. Next is your exit strategy, whether that is a sale or a refinance into long-term rental financing. Then experience, liquidity to carry the project, and the overall structure of the deal. Personal credit is reviewed but rarely decides the outcome on a strong project.

Yes. Hard money is asset-based, so the property and the plan carry more weight than a credit score. We will want to understand the story behind your credit and how you manage your finances, but borrowers with imperfect credit qualify for Boston hard money loans all the time.

Yes. In the Boston market Norfolk Capital lends its own capital and holds the loan rather than selling it, which gives us the flexibility to solve problems and structure around your specific project. For loans elsewhere, or when a national program is the better fit, we draw on a network of capital partners while remaining your single point of contact.

Non-owner-occupied residential property with one to four units, multifamily buildings with five or more units, mixed-use buildings, condo conversions, new construction and commercial property. We fund purchases and refinances, and both flip and buy-and-hold strategies, throughout Boston's neighborhoods and the surrounding cities.

Typical requirements are the purchase and sale agreement, a construction budget, recent bank statements, a schedule of real estate you own, a summary of similar projects you have completed, and your LLC operating agreement or articles of organization. Rental projects also include current rent rolls or leases. Requirements vary with the deal, and we will tell you exactly what applies to yours.

No. Norfolk Capital lends only on non-owner-occupied investment property held in a corporate entity such as an LLC. If you are looking for financing for a home you plan to live in, a conventional mortgage lender is the right fit.

The 70 percent rule is an investor guideline, not a lending requirement. It says a flipper should pay no more than roughly seventy percent of a property's after-repair value, minus the cost of repairs, so that financing, holding and selling costs still leave room for profit. It is a useful sanity check when you analyze a Boston deal, and our team evaluates each project on its own numbers rather than a fixed formula.

Most Boston investors exit one of two ways: selling the renovated property and paying the balance from the proceeds, or refinancing into long-term financing such as a DSCR rental loan once the property is stabilized. Payments during the term are typically interest only, and the remaining principal is repaid at the exit.