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%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

80.00%

Origination Fees

2% to 2.5%

Loan Terms

3 months to 36 months

Lien Position

  • 1st

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 and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

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 Loan

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

50.00%

Max LTC for Land Acquisition

50.00%

Purchase Loan

Max Loan-To-Purchase Price

80.00%

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

Rehab Value Add Loan

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

80.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

7

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

80.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

7

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

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

Fees

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

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 company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

80%

Percentage of Residential Property Loans Which are Fix and Flip

50%

Percentage of Residential Property Loans Which are Buy and Hold

15%

Percentage of Loans Secured by Land

5%

Raymond C. Green

After attending the University of Florida and serving in the United States Navy, Ray became a certified public accountant and worked with a local firm in Jacksonville, Florida. He then joined the staff of a nationwide real estate finance company located in Boston, MA. After much success, he decided to open his own company and quickly became the Lender of choice for those seeking a strong lending relationship without the red tape of traditional financing. Ray takes great pleasure in meeting with customers, appraising real estate and structuring new loans.

Justin Murphy

Justin Murphy began his career in banking, but found his calling in 2003 when he was introduced to the business of real estate finance. He prides himself on delivering an unmatched level of customer service and on his ability to quickly structure a loan with the borrower’s interests in mind. Justin graduated with a degree in finance from the University of Massachusetts, Amherst and resides with his wife and two children in Duxbury, MA. He is available 7 days a week to discuss your next project and welcomes your call.

Spiro Stylianopoulos

In February of 2002, Spiro Stylianopoulos was an aspiring career musician and—surprise—needed money. So he took a job with a real estate finance company. Many years later, Spiro’s music career is still on hold, but he is most appreciative of everything he has experienced in the world of real estate. He especially enjoys meeting new customers, learning about their projects and helping them reach their real estate goals as efficiently as possible. Spiro graduated with a degree in mathematical business from Wake Forest University and resides with his family in West Roxbury.

Robert Michaud

Connecticut & Greater NYC Division

Rob Michaud has over 21 years of real estate and construction experience. He and his brother Marc are well known builders in Fairfield County, CT and long-time customers of The Raymond C. Green Companies (RCG). When approached to join RCG in order to facilitate more loans in Fairfield County and Greater New York City, Rob and Marc saw the opportunity as a “no brainer”. They enjoy sharing the positive experience of having worked with RCG on their own projects and are dedicated to servicing a growing number of customers in the CT and NYC area. Rob earned his degree from Roger Williams University.

Marc Michaud

Connecticut & Greater NYC Division

Shortly after graduating from the State University of New York, Marc partnered with his brother Rob to form their real estate and development company. He and Rob have used the RCG Companies to finance a number of their own projects and quickly gained great respect for the integrity and professionalism of the RCG Team. Marc enjoys reviewing new projects and applies his own experience when evaluating the profitability of each deal. He understands the importance of personalized service and in using a straightforward approach to get deals done and funded quickly.

Professional service is the cornerstone of Raymond C. Green, Inc. Having been in commercial real Estate over 25 years I have referred clients to Justin Murphy and Ray Green. Their service and ability to come through on time has been critical for many to complete a transaction which impacts their real estate portfolio. They make quick decisions and implement the loan aware of all issues and the complexity of the deal. They are highly respected and will go the extra mile at all times to provide funding solutions.…

Rachel Goldberg

Goldberg Real Estate and Funding

Justin and the team at Raymond C. Green provide top notch service in an industry where prompt attention is not only important but necessary to fulfill the needs of their clients. We have contacted them for several different loans with each loan different than the last. They've always been understanding and up front about how they would be able to facilitate. We've worked with other private lenders in the past and we keep coming back because of their ability to understand a project in a timely fashion while maintaining the integrity that is required to make all parties feel at ease.

Zack Whiting

DW Solutions, Inc.

I have had the pleasure to work with The Ray Green Companies on many fix and flip homes as well as a condo conversion. They are professional and know this business front to back and were great to work with. I recommend them as the best in the business!

Gary Litchfield

The Litchfield Companies

We have borrowed capital a number of times from Ray Green for our real estate development projects with great success! They truly understand our business and the needs of a developer. We found them extremely easy to work with, transparent, and true to their word. We consider them a great partner to help grow our business. We look forward to doing our next deal together soon with Justin Murphy and the Ray Green team.

Aaron Breen

Beantown Property Group, LLC

Having worked with conventional lenders for over 30 years and experiencing the constant frustration of delays and the time lag from application to commitment I had finally had enough and called Justin. I am on my third project with the Raymond Green Company. Ray and Justin are well versed on how important it is to react quickly in today's environment. Time is our most important commodity. Together they have made me feel like a priority and have responded to my every need. It has been a pleasure to deal with such professionals. I look forward to a long relationship with the Raymond Green Company with many more projects to come.

Mike Facchini

President / Bridgestone Development, Inc.

My last experience with RC Green, Inc. was my first. It wasn't long before I felt like a valued customer. I was very pleased with my account manager, Justin Murphy. He was always an accessible and well informed professional, answering as many questions as I had. I will say that Raymond C. Green, Inc. met all of my needs fully and without hesitation. It was truly a pleasurable experience.

Leo M.

We have worked with the Raymond C. Green Company since 2009. Back then we were brand new to real estate investing and they helped us out by funding our 2nd rehab. There were also a couple of times when we needed to close quickly...within 2 weeks....and they came through for us. The people at Raymond C. Green are easy to work with and very professional. I would recommend them to any real estate investor.

Alex and Kathy Schuck

North Shore Real Estate Solutions, LLC

Having financed two real estate development projects with Raymond Green, I can confidently recommend their services. Both transactions went from inquiry to term sheet quickly and efficiently. The closings followed as scheduled and most importantly, without any surprises. "There are many marginal participants in the asset lending market to navigate. I have found Raymond Green to be a direct lender with local decision makers and the quickest, most cost efficient lending route for my projects.

D. Lawrence Fadjo, DDS.

We have only been dealing with the Raymond C. Green Group over the past several years. We here at ADC anticipate a long term relationship between our companies based upon the service they have provided over the past years. It is always a pleasure dealing with them.

Robert L. Allen

Advanced Design Construction, Inc.

I had never used a "Hard Money" lender in the 15 years I've been flipping houses so I was VERY leary because of the nightmare stories I've heard. I called on a Thursday and Justin said I'll meet you on Tuesday. I met him, we walked the property, I gave him some comps, he said I'll call you in a few days. He called me on Thursday and said your all set. No ss#, tax returns, income, etc. I was shocked. I would use this company again should the need arise.

Tom P.

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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