Cardinal Capital Group

Private Money for New England Real Estate Investors

With over 25 years of combined industry experience, Cardinal Capital Group (CCG) has collectively facilitated over $900 million in funded loans nationwide. We offer a number of different loan products to serve the financing needs of real estate investors who focus on residential and multifamily properties. Our programs are created to handle volume from top tier developers, while educating and working with newer investors as well. We strive to be a financial partner to our clients, not just your average private money lender.

What We Offer:

Fix & Flip Loans
Buy & Hold Loans – for long-term rental strategy
Refinance Loans – equity cash out, mid-rehab, mid-construction, etc.
New Construction Loans – for shovel-ready projects

Please note: We do NOT offer loans for loans for owner-occupied homes or commercial real estate.

Property Geographic Area Details

Connecticut, Florida, Maine, Massachusetts, New Hampshire, New Jersey, Rhode Island, South Carolina, Vermont

Loan Amounts

$250,000 to $20,000,000

Interest Rates

9.99% to 12.99%

Loan Terms

12 months to 24 months

Origination Fees

1% to 3%

Lien Position

1st

Collateral Types

Residential Property

Loan Purpose

Investment Acquisition
Investment Refinance
Improve Subject Property
Use Equity to Invest in Another Property
Value Add Project
Development Project

Property Occupancy

Vacant
Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)

Max LTP Residential: 85%

Max LTP Multifamily: 85%

Max LTP Commercial: 85%

Max LTP Land: 75%

Purchase Long-Term

Max LTP Residential: 80%

Max LTP Multifamily: 80%

Refinance Short-Term (no Cash Out)

Max LTV 1st Lien Residential: 75%

Max LTV 1st Lien Multifamily: 75%

Max LTV 1st Lien Land: 70%

Refinance & Cash Out Short-Term

Max LTV 1st Lien Residential: 75%

Max LTV 1st Lien Multifamily: 75%

Max LTV 1st Lien Land: 70%

Refinance Long-Term

Max LTV Residential: 80%

Max LTV Multifamily: 80%

Residential Fix & Flip

Max LTP: 85%

Max LTC: 90%

Max LTARV: 75%

Residential Rehab & Hold

Max LTP: 85%

Max LTC: 90%

Max LTARV: 75%

Multifamily Value-Add

Max LTP: 85%

Max LTC: 90%

Max LTARV: 75%

Residential Construction

Max LTP Land: 75%

Max LTC: 90%

Max LTCV: 70%

Multifamily Construction

Max LTP Land: 75%

Max LTC: 90%

Max LTCV: 70%

Property Types

2-4 Units Residential
Mixed-Use
Multifamily
Portfolio of Residential Properties
Residential Land
Single Family Residence

Loan Types

Private Money
Hard Money
Residential Bridge
Residential Fix and Flip
Residential Rehab and Rent
Residential Ground-Up Construction
Residential Long-Term Rental

Specialty Loan Types

Condo Conversion
Land Development
Luxury Homes
Residential Long-Term Rental
Residential Non-Prime
Residential Short-Term Rental
Reverse 1031 Exchange
Subdivisions
Vacation Rental

Land Types Considered

Residential Land
Multifamily Land

Will Consider Land That is NOT Entitled

Max LTV for Land

70%

Max LTC for Land Acquisition

90%

85% is the maximum loan-to-purchase price for rehab projects, so borrowers would need a 15% cash down payment. For ground-up construction, we fund up to 75% of the purchase price.

Max Loan-to-Purchase Price

85%

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
Equity in Primary Residence
Crowdfunding

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

Maximum After Repair Value

75%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$200,000

Maximum Loan Amount

$3,000,000

Minimum Interest Rate

7.00%

Maximum Interest Rate

10%

Minimum Origination Fee

Maximum Origination Fee

Minimum Loan Term

360 months

Maximum Loan Term

360 months

Maximum Loan-To-Value

80%

Maximum Loan-To-Purchase

80%

Minimum Debt Service Coverage Ratio

1.00

Minimum Credit Score

680

Will Lend on a Portfolio of Properties

Minimum Property Value

$200,000

Settlement Fee

Pending Attorney

Appraisal Fee

$800

Renovation Construction Draw Fee

$$75

Fees which are mandatory for all new borrower clients

Underwriting Fee
Processing Fee
Legal Fee
Appraisal Fee
Credit Report Fee
Background Check Fee
Renovation or Construction Funds Draw Fee

Fees which are paid to a third party company

Appraisal Fee
Title Fee
Credit Report Fee
Background Check Fee
Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

Fastest Closing Time (Days)

Payment Structure

Interest Only
Amortized
Interest Reserve

Pre Payment Penalty

yes

Only on Long Term DSCR Loans.

Will lend to a foreign national

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

Will Consider Collateralizing Multiple Properties in One Loan

Will Consider Equity Joint Venture

Borrower Entity Types Considered

Documentation Required

Credit Report
Bank Statements
Financial Statements
Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

650

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Contact Cardinal Capital Group

Cardinal Capital Group pays us to be listed, so there is no fee to connect with them directly.

(617) 237-XXXX

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Cardinal Capital Group is a Boston-based private money lender whose focus is financing Real Estate transactions, primarily in the North East, with over 50 years of combined Real Estate industry experience.

Cardinal Capital Group has been recognized as one of the leading private money lenders in the Boston market while growing in other up-and-coming markets. The CCG team has collectively originated over $1 Billion, with over $900 Million funded in the last two years.

Associations

American Association Of Private Lenders

Office Locations

Cardinal Capital Group
4 Clarendon St U4, Boston, Massachusetts 02116

Primary Capital Source

Own Funds

Loan Structure for Majority of Loans

Own Balance Sheet

Percentage of Loans Secured by Residential Property

100%

Total Number of Loans Funded to Date

408

Total Loan Volume Funded to Date

$900,000,000

Our Team

Briana Hildt

Founder & CEO

Dominic Blad

Chief Operating Officer

Jake Malkoon

Chief Financial Officer

Dalton Spingler

Director of Finance

Frank Amato

Director of Lending

Samantha Rogers

Director of Underwriting

Anthony Blad

Construction Operations Manager

Dean Desana

Loan Associate

Contact Cardinal Capital Group

Cardinal Capital Group pays us to be listed, so there is no fee to connect with them directly.

(617) 237-XXXX

Click to show phone number

Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates

Contact This Lender

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(617) 237-XXXX

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