Boston Bridge Lenders for Residential Investment Property
Are you seeking a bridge loan secured by residential property in the Boston metro area? On this page you'll find a list of select bridge lenders for Boston investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home, but if that's what you're seeking, use the filters to change the loan type to 'Residential Owner-Occupied' and you may find some alternative lending options.Searching...
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Massachusetts Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Massachusetts bridge loans in the 2nd quarter of 2024 was 11.10%. The average loan amount was $692,581. These stats are the average of 122 short-term loans (including rehab and ground-up construction loans) funded for properties in Massachusetts between April 1, 2024 and June 30, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Massachusetts in the 2nd quarter of 2024 was 11.29%. Lenders charged an average of 2.4% points (origination fee). The average LTV (loan-to-value) for bridge loans in Massachusetts was 68%, and the average loan amount was $705,060. These stats are the average of all the loans which were funded between April 1, 2024 and June 30, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
3 Local Massachusetts Bridge Loan Lenders
Below are the bridge loan lenders on our platform that are “local” lenders, based in the Boston metro area…
- First Boston Capital Partners
Based in Quincy, First Boston is an affiliate of The Grossman Companies which has been providing bridge loans to Boston real estate investors for over 60 years. Their maximum Loan-to-Value is 75% for a refinance or purchase bridge loan with a term up to 18 months. In addition to Boston, they also consider deals in Nantucket and Cape Cod. - RD Advisors
Based in South Boston, RD Advisors manages a debt fund which offers bridge loans secured by multifamily and residential investment properties in the Greater Boston metro area. They provide speed and flexibility for short-term refinance loans. - Cardinal Capital Group
Based in the South End of Boston, Cardinal Capital Group ranks among the top five highest-volume bridge lenders in Massachusetts. Their loans are secured by multifamily and residential investment properties with a maximum loan-to-value of 75% for refinance bridge loans. In addition to Massachusetts, they lend in the rest of New England, plus a few other states.
Top 10 Massachusetts Bridge Loan Lenders
According to Forecasa™, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Massachusetts from June 2023 to May 2024.
- Renovo Financial
- Kiavi
- Cardinal Capital Group Inc
- Tailor Ridge Real Estate Lending Fund
- Crowd Lending Fund One LLC
- ROC Capital
- First Boston Capital Partners
- Pinnacle Financial Services LLC
- QS Private Lending LLC
- Boston Trust
Forecasa™ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.