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%

Max Loan-To-Cost

80%

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

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

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.