Hard Money Lenders Boston
Hard money lending in Boston: What is it, exactly?
A hard money loan is a type of loan that is, typically, secured by a property or real estate, turning it into the collateral. We can offer you quick cash, which is a great deal and very convenient for many real estate investors.
At Breakwater Commercial Capital, we want you to be able to take advantage of the real estate opportunities you’ve found and make the most out of them in the least amount of time possible. Our loans usually go from 1 to 5 years, in which you will be able to make the profit you are pursuing and recover the investment.
We offer hard money loans, as opposed to traditional loans that are given by banks. This means that a high credit score is not necessarily required to get one, which makes our process a lot easier.
When should you contact hard money lenders Boston?
The Boston area is ripe with real estate opportunity, and the type of loan we offer is useful when quick money is needed, or when you don’t have the time or inclination to jump through the hoops your bank requires. As an asset-based lender, we care more about the overall deal structure than the specific guidelines that often plague investors who work with traditional banks. If you see great potential in a deal, but it doesn’t meet your bank’s guidelines or you don’t have the necessary credit score, we’re here to help you with reliable financial help.
A great example would be when someone sees an amazing property that needs work done to then sell it (also known as a “fix and flip”). Getting a hard money loan with us would help them get the resources they need to fix and sell the property. Now they can make a profit off of it in less than 5 years. Learn more about hard money lending in Boston here.
How do I know if it’s the best decision for me?
We want to become your financial partner and adapt to your needs so the deal you want to make turns out the way you planned. In order to do this there are a few things that have to be taken into consideration.
Here are some of the questions that you should ask before getting one of our loans:
Do I have everything I need? All you need is a property to secure the deal and a good financial plan.
Does my property meet the guidelines? We need to take rules and regulations into consideration in order to give a loan.
Do I need quick money? The deal you have in mind might slip away if you wait too long, we got you covered. We believe in this opportunity as much as you do.
Hard money lending & real estate bridge loans Boston MA
Boston has a strong economy, covering agriculture, trade, and fishing. It’s also a leader in engineering and finance. And not to forget, numerous prestigious colleges are in Boston. This means that the city has a significant, robust population.
This translates into a competitive real estate market in which the property value increases constantly and consistently. At Breakwater Commercial Capital we know this is good news for everyone looking to invest, and we would love to walk this path with you!
Ready to get in touch with our hard money lenders Boston MA?
If you have any question related to our loan services. Please contact us one of our representative will get in touch with you.
Bridge Loans Boston MA
Bridge Loans Boston MA
A bridge loan is a short-duration loan typically used as financing until a property is sold or a conventional loan is acquired.
Refinance & Cash Out Boston MA
Refinance & Cash Out Boston MA
With these loans a borrower can quickly extract equity from real assets to obtain working capital for other projects.
Fix & Flip Loans Boston MA
Fix & Flip Loans Boston MA
An investor or rehabber can use private financing when planning to hold the investment property for a short period of time, such as during construction or renovation.
Investment Loans Boston MA
Investment Loans Boston MA
When a borrower does not have time to wait for a conventional lender to approve a loan or when the borrower does not meet conventional lending standards.