The Raymond C. Green Companies is a direct hard money lender located in Boston. For over 50 years, we have been providing creative, short term financing to builders, developers and real estate investors throughout New England. We provide financing for the construction of single family homes, subdivisions, renovation projects, condominium conversions, condominium developments, bridge loans, commercial property and more.

The importance of customer service, honesty and reputation serve as the foundation of our company. Leaving a positive impression on each and every customer is the standard by which we measure our success. We are available 7 days a week to discuss your next project and welcome your call.

Property Geographic Area Details
Serving Massachusetts, New Hampshire, Rhode Island, Connecticut, Southern Maine, Greater New York City, Florida
Loan Amounts
$100,000 to $7,000,000
Interest Rates
12% to 12%
Loan Terms
3 months to 36 months
Origination Fees
2% to 2.5%
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
  • Commercial Land
  • Condominium
  • Industrial
  • Multifamily
  • Office
  • Residential Land
  • Retail
  • Single Family Residence

Loan Types

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

Specialty Loan Types

  • Land Development
  • Note Purchase
  • Foreclosure Bailout

Land Types Considered

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

Will Consider Land That is NOT Entitled

no

Existing Land Improvements Required

  • Street Access
  • Electricity
  • Gas
  • Water

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Max Loan-to-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

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

80%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

7

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

80%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Legal Fee

Typically around $1,200 to $1,300 plus standard recording fees

Renovation Construction Draw Fee

$175 inspection fee per draw

Fees which are mandatory for all new borrower clients

  • Legal Fee
  • Title Fee

Fees which are paid to a third party company

  • Legal Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

Payment Structure
  • Interest Only
Pre Payment Penalty

no

Will lend to a foreign national

no

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

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

Loans are not credit driven

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

Ray Green Companies Testimonials

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The Raymond C. Green Companies has been providing short-term financing to real estate investors in New England for over 50 years. We recognize the importance of customer service, building strong relationships, and quick closings. We are proud of our longstanding reputation for integrity, reliability, and above all else: outstanding customer service.

FREQUENTLY ASKED QUESTIONS

  • Are the Raymond C. Green Companies seeking an equity position in my property?
    Definitely not. We are strictly lenders who do not seek an equity position in your venture. Your property is yours and you control it.
  • On what basis do the Raymond C. Green Companies make loans?
    We define credit worthiness in terms different from the banks. We place emphasis on the value of the collateral rather than your financial history as it may appear on paper. For us, credit worthiness is a concept not etched in stone; we believe in flexibility and the concept of creative financing.
  • What are the terms of your loans?
    Our loans are designed for the short term (4 months to a year). However, we write the majority of our loans for up to 3 years as we know some projects take longer than others and our borrowers don’t need the added pressure of being forced to pay extension fees or refinance within 6 – 8 months.
  • What can the Raymond C. Green Companies Offer?
    First and foremost, personal service. You are not a nameless face; your needs and concerns are our needs and concerns. Secondly, speed of action. When you deal with us, you are not dealing with a loan committee which may meet but every few weeks. Rather, action on a loan can be taken at a moment’s notice, when you need it to happen, not at the convenience of a committee.
  • What is the cost of doing business with you?
    Generally speaking, our rates are higher than those offered at a bank. However, our speed and creativity in structuring complex and multiple property transactions as well as our personalized service simply isn’t found elsewhere. Furthermore, for short term construction loans, the difference in cost can become negligible. We’re here to make things happen when you need them to happen.
  • What kinds of loans do the Raymond C. Green Companies make?
    We specialize in real estate loans for builders, developers and investors including spec construction loans, rehab loans, bridge financing, condo conversions, condominium developments and cash our refinancing.
  • Are you a true “Hard Money Lender”?
    We prefer the term “Private Lender” due to the negative connotations that can be associated with “Hard Money”. We certainly understand – through conversations with our customers – that egregious actions, price gouging and broken promises are an unfortunate reality for some in the industry of real estate finance. Our strong reputation, commitment to customer service and straight forward approach has made us the Lender of choice for those seeking alternatives to traditional bank financing. We encourage you to ask around about us and trust you won’t be disappointed.
Year Established

1968

Office Locations

155 Federal Street, Suite 1300, Boston, Massachusetts 02110

Primary Capital Source
  • Own Funds
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Our Team

Raymond C. Green

Justin Murphy

Spiro Stylianopoulos

Robert Michaud

Connecticut & Greater NYC Division

Marc Michaud

Connecticut & Greater NYC Division

Get In Touch

Ray Green Companies 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

$100,000

What We Do

  • Investment Properties in New England
  • Bridge, Rehab, & Construction Loans
  • Loan-to-Cost up to 80%
  • 20%+ Cash Required for Rehab Loans
  • Land Loans up to 50% LTV/LTC

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Inexperienced Investors
  • NO Rural Areas
  • NO Specialty Property Types

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