Chelsea Construction Lenders for Residential Properties
Are you building a residential investment property in Chelsea, MA? On this page you'll find a list of private construction lenders for ground-up projects throughout Massachusetts's urban areas. The maximum loan-to-completed value (LTCV) for most lenders in Chelsea is 70%. You typically need to contribute 20%-25% of the project costs and have some cash reserves. Development experience is almost always required. Most lenders will require the project to be fully entitled and shovel ready. A small percentage of lenders will consider land acquisition and/or horizontal financing. The lenders listed here can fund a single home build, or a development with multiple homes. We have a separate page for lenders that offer ground-up construction financing for commercial properties.Searching...
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Cardinal Capital Group
New England Direct Private Money Lender
Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Rehab Financial Group
100% Financing for Rehab, Flip and Construction Projects - NO DOWN PAYMENT! NO INCOME VERIFICATION!
i Fund Cities
Direct Lender for Builders and Rehabbers
RD Advisors
Developer Financing, Fast | Direct Lender for Property Investors
Unitas Funding LLC
Direct Lending for Residential Property Investors - Bridge, Rehab, Construction
Accolend
No Points, 0% Origination Fee | Residential, Multifamily, Mixed-Use
Groundfloor Lending
Fast Funding with Deferred Interest Payments
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
RBI Private Lending
Direct lender for Bridge Laons, Fix and Flip and Construction. Foreign nationals and new investors welcome.
Dunmor
Do More With Dunmor
Center Street Lending
Smarter Loans for Residential Investors
Certain Lending
The Mortgage Company Built for Real Estate Investors
2 Local Massachusetts Construction Lenders
Here are the residential construction lenders on our platform that are “local” lenders, based in the Boston metro area…
- Cardinal Capital Group
Based in the South End of Boston, Cardinal Capital Group ranks among the top five highest-volume private lenders in Massachusetts, according to Forecasa. For ground-up projects, they typically fund up to 75% of the land purchase price and 90% of the vertical costs, with a 70% maximum loan-to-completed value. Borrowers must have completed at least one ground-up project. In addition to Massachusetts, they lend in the rest of New England. - RD Advisors
Based in South Boston, RD Advisors manages a debt fund which offers construction loans to real estate investors in the Greater Boston metro area. For ground-up projects, they typically fund up to 65% of the land purchase price and 90% of the vertical costs, with a 70% maximum loan-to-completed value. Builders must have completed at least 3 construction projects.
Interest Reserves for Construction Projects in Massachusetts
Cardinal Capital Group is one of the few lenders on our platform offering interest reserves for ground-up construction projects in Massachusetts. Below is a excerpt from our interview with the company’s CEO, Briana Hildt.
For ground-up construction deals, Briana Hildt shares how Cardinal Capital Group structures interest reserves as a way to simplify cash flow management and ease pressure on developers. Instead of asking borrowers to front six to twelve months of interest (as banks often require), Cardinal rolls those reserves into the loan amount — as long as the overall loan-to-ARV remains under 70–75%.
Hildt describes this approach as especially valuable for experienced builders managing multiple active projects. With market variables like permit delays, rising material costs, and seasonal setbacks, removing the burden of monthly debt service gives developers breathing room to focus on construction. She views it as a trust-based model that has paid off: “People take pride in that,” she says. “You focus on building — let us worry about the rest.” The result has been strong loan performance and growing appeal among institutional-quality borrowers.
Cardinal Capital Group (CCG) has collectively facilitated over $1 billion in funded loans and is one of the top residential construction lenders in Massachusetts. Visit their profile to find more short video clips, or watch the complete interview with Briana Hildt.
