Western Mass Private Money Lenders

2 Local Massachusetts Private Lenders

Below are the private lenders on our platform that are “local” lenders, based in the Boston metro area. All of them are professional private lending companies. You won’t find any individual/family lenders on our platform.

1. 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. They have created competitive programs for Fix and Flip, Buy and Hold, Refinance, and New Construction. Their loans are secured by multifamily and residential investment properties. In addition to Massachusetts, they lend in the rest of New England, plus a few other states.
2. RD Advisors
   Based in South Boston, RD Advisors manages a debt fund which offers private money lending secured by multifamily and residential investment properties in the Greater Boston metro area. They provide speed and flexibility when financing a rehab project, ground-up construction, or a short-term refinance.

Top 20 Massachusetts Private Lenders by Loan Count (Past Quarter)

According to Forecasa™, here are the Top Private Lenders ranked by the number of private mortgage loans* originated in Massachusetts from January 2026 to March 2026.

1. Renovo Financial funded 43 loans
2. Cardinal Capital Group Inc funded 36 loans
3. Latitude Capital funded 16 loans
4. First Boston Capital Partners LLC funded 15 loans
5. Bluedog Capital Partners LLC funded 14 loans
6. Boston Trust funded 14 loans
7. QS Private Lending LLC funded 13 loans
8. Cahoon Capital funded 13 loans
9. Tailor Ridge Real Estate Lending Fund funded 13 loans
10. Real Estate Property Services LLC funded 13 loans
11. Velocity Commercial Capital funded 13 loans
12. Kiavi funded 12 loans
13. RCN Capital LLC funded 12 loans
14. Oaktree Funding Corporation funded 9 loans
15. Signature Lending LLC funded 8 loans
16. Pinnacle Financial Services LLC funded 7 loans
17. The Noble Group (Central Penn Capital Management LLC) funded 7 loans
18. Conquest Funds funded 7 loans
19. Bee Investments LLC funded 6 loans
20. Go Rascal INC funded 6 loans

* The number of loans funded are approximate and includes long-term rental loans.

Source: Forecasa (this is third-party data, not independently verified).

Massachusetts Private Money Insights from a Local Lender

Massachusetts presents a dynamic and diverse landscape for real estate investment, with each region offering unique characteristics and opportunities. Cardinal Capital Group is actively lending across Massachusetts, leveraging deep local knowledge to serve investors beyond the traditional Boston market. While many lenders focus exclusively on the metro area, Cardinal recognizes the untapped potential in regions like Worcester, Springfield, and the Berkshires—offering flexible private financing solutions for rehab and ground-up development projects throughout the state. Below is a excerpt from our interview with Briana Hildt, CEO of Cardinal Capital Group.

The Boston Metro area continues to be a primary focus for many lenders across the country, and for good reason — it’s a dense, high-demand urban market with a proven track record of return. However, beyond Boston, there are other areas of the state that are increasingly drawing the attention of forward-thinking real estate investors and lenders.

Western Massachusetts, which includes cities like Worcester and Springfield, is often overlooked by lenders who restrict their activity to Greater Boston. This bias, while common, is increasingly outdated. The interviewee, who grew up near Springfield and spent time working in California, shared their own initial hesitation to lend in these areas. But upon returning to Massachusetts, they observed firsthand how much these regions had evolved.

In Springfield, for example, the introduction of the MGM Grand Casino served as a major catalyst for economic growth. This investment brought an influx of travelers, business activity, and hospitality demand, contributing to a broader revitalization of the city. New developments and infrastructure projects have followed, creating a more attractive environment for both residents and real estate developers. As a result, surrounding towns and suburbs have also benefited from increased investment and demand for housing.

Worcester has similarly seen a surge in development and real estate interest. While it may not always carry the same prestige as Boston, its affordability, central location, and growing economy make it a viable target for fix-and-flip projects and smaller residential investments. These submarkets offer numerous opportunities in the $250,000 to $400,000 price range — ideal for local investors and developers who are often underserved by larger financial institutions.

Lastly, the Berkshires offer a completely different value proposition. This region, known for its natural beauty and cultural attractions, resembles a vacation or lifestyle market more than an urban or suburban one. With picturesque landscapes and a growing appeal for remote work lifestyles, the Berkshires have become increasingly desirable for residential projects, second homes, and niche development.

Cape Cod and the Islands, including Martha’s Vineyard and Nantucket, represent specialized but active pockets within Massachusetts for real estate investment. Cardinal has funded a significant number of deals in these areas, especially on the Cape and Martha’s Vineyard, with some activity in Nantucket as well. These markets are approached on a deal-by-deal, case-by-case basis, recognizing the unique property values and seasonal dynamics that shape lending decisions there. The Cape, in particular, is described as “easier” and “more neutral,” with typical opportunities including $800,000 single-family fix-and-flip projects that are relatively straightforward to underwrite. While more selective, lending in these areas remains very much on the table when the deal structure makes sense.

The key takeaway is that understanding these local dynamics, rather than relying on outdated assumptions, is essential to making smart real estate lending decisions in Massachusetts.

How Cardinal Became a Leading Private Lender in Boston

In this clip, Briana Hildt shares the origin story behind Cardinal Capital Group’s rapid ascent in the Boston private money lending space. Despite launching around the time of the COVID-19 pandemic, Cardinal has grown into a high-volume lender with over $450 million in loan originations and more than 200 deals in 2024 alone — with 85% of those loans concentrated in the Boston metro area.

Hildt attributes much of this success to her local roots. Growing up in Massachusetts gave her an immediate edge in a state known for its strong local loyalty. “It’s such a patriot state — you’re either from here, or you’re not,” she notes, emphasizing how simply having a Massachusetts phone number made people more willing to pick up the phone. The market’s relationship-driven nature also worked in her favor; borrowers prioritize trust and execution over marginal rate differences, making reputation and reliability far more valuable than pricing gimmicks.

Cardinal’s growth has largely come through repeat business and referrals. As clients had positive experiences — impressed by the company’s speed, creativity, and structuring ability — they introduced new borrowers, creating a referral flywheel that drove sustained momentum. Hildt and her team leaned into that feedback loop, scaling by identifying what clients loved most and doubling down on those strengths.

Now, with a dedicated marketing team and additional sales staff in place, Cardinal is looking to expand beyond its referral-driven base and enter new markets more strategically. But at the core of it all, Hildt affirms, is the company’s commitment to relationships and client satisfaction — foundational values that have powered their rise to becoming one of Boston’s leading private lenders.

Cardinal Capital Group (CCG) has collectively facilitated over $900 million in funded loans and is one of the top private money lenders in New England. They offer a number of different loan products to serve the financing needs of real estate investors who focus on residential and multifamily properties: refinance bridge loans, fix & flip, rehab-to-rent, ground-up construction. Visit their profile to watch more short video clips, or watch the complete interview with Briana Hildt.

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Massachusetts Private Money Loan Volume by Quarter (Past 12 Months)

Based on data from Elementix, the following figures show the estimated quarterly loan volume for private money lending secured by real estate in Massachusetts over the past 12 months.

Q2 2026: ~$9.3B in funded loan volume across 3,154 loans and 2,724 borrowers

Short-term loans (< 3 years): ~$65M across 72 loans

Long-term loans (> 3 years): ~$647M across 602 loans

Unknown-term loans: ~$8.6B across 2,480 loans

Q1 2026: ~$11.6B in funded loan volume across 4,931 loans and 3,979 borrowers

Short-term loans (< 3 years): ~$152M across 85 loans

Long-term loans (> 3 years): ~$1.5B across 1,151 loans

Unknown-term loans: ~$9.9B across 3,695 loans

Q4 2025: ~$15.8B in funded loan volume across 5,752 loans and 4,764 borrowers

Short-term loans (< 3 years): ~$96M across 152 loans

Long-term loans (> 3 years): ~$1.8B across 1,528 loans

Unknown-term loans: ~$13.9B across 4,072 loans

Q3 2025: ~$14.3B in funded loan volume across 5,331 loans and 4,407 borrowers

Short-term loans (< 3 years): ~$82M across 129 loans

Long-term loans (> 3 years): ~$1.6B across 1,405 loans

Unknown-term loans: ~$12.6B across 3,797 loans

Source: Elementix.ai (third-party data, not independently verified).

“Unknown-term” loans represent private lender transactions for which the available public records did not provide sufficient information to determine whether the original loan term was less than or greater than 3 years.