Fast, Pain-Free Lending From a Local Boston Based Private Money Company

Capital-LineFunding (CLF) is a locally based direct lender, lending in Boston and the surrounding areas. Typically, we lend 85% of acquisition cost and 100% of construction cost, no credit checks, no bank statements, no taxes, closing in 14 days or less. We typically can do a walk through and term sheet within 24 hours. When you need a draw you can text us and we’ll be there typically within 24 hours and can wire your funds within 24 hours of inspection. Our goal is to cater to our borrowers so we can work together and both make money as smoothly and as quickly as possible.

CLF offers loans for Fix & Flip, Cash Out, and Acquisitions. Residential properties must be non-owner occupied and held in an LLC.

Property Geographic Area Details
Massachusetts, New Hampshire, Rhode Island
Loan Amounts
$150,000 to $5,000,000
Interest Rates
12% to 13%
Loan Terms
6 months to 24 months
Origination Fees
2% to 3%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types

  • 2-4 Units Residential
  • Auto Repair
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • Hotel
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Motel
  • Multifamily
  • Parking Lot
  • Residential Land
  • Retail
  • Single Family Residence
  • Storage Facility

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Mezzanine

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Partner Buyout
  • Foreclosure Bailout
  • Primary Residence Business Purpose Cash Out
  • Subdivisions

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

65%

Max LTC for Land Acquisition

70%

Max Loan-to-Purchase Price

90%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Crowdfunding
  • Family

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

2

Processing Fee

$995

Extension Fee

WE NEVER CHARGE EXTENSION FEES

Appraisal Fee

Borrower pays directly to appraiser if necessary. Typically only need on loans over $350,000

Renovation Construction Draw Fee

Per Draw $250

Minimum Origination Fee Amount

$5,000

Fees which are mandatory for all new borrower clients

  • Deposit
  • Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

  • Appraisal Fee

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

2

Payment Structure
  • Interest Only
Pre Payment Penalty

yes

3 Months
Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
Personal Guaranty (Recourse) Required
Always
Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Additional Details

We only charge $995 fee if the loan closes, other than that just a typical closing, $250 draw fee includes is pretty standard.

Get In Touch

Capital-Line Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

Capital-LineFunding (CLF) is a locally based direct lender, lending in Boston the surrounding areas. Don’t torture yourself with national lenders, we typically can do a walk through and term sheet within 24 hours of a call, both owners of CLF are Boston born and raised.  We were local borrowers for many years before we started lending, so we know the needs of being a borrower. When you need a draw you can text us and we’ll be there typically within 24 hours and typically wire your funds within 24 hours of inspection.  Our goal is to cater to our borrowers so we can work together and both make money as smoothly and as quickly as possible.

Year Established

2014

Office Locations

665 Hancock Street, Suite 2, Quincy , Massachusetts 02170

111 Boston Post Road, Suite 212, Sudbury, Massachusetts 01776

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Friends & Family
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

20%

Total Number of Loans Funded to Date

121

Total Loan Volume Funded to Date

$72,000,000

Our Team

Michael Garrity

Managing Partner

Michael Philbin

Co-Founder

Get In Touch

Capital-Line Funding pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$150,000

Create a Loan Request

Be more efficient with your lender search. Provide the loan details once, save it, and then share it with multiple lenders.

Contact This Lender

Contact Capital-Line Funding by whichever method you choose.

If you submit a loan request or email, it will be sent to the lender, and they will reply to you directly. A copy will be saved in our database. We will not share your information unless you ask us for recommendations.

Send an email to Capital-Line Funding