Borrow.
We believe that it takes hard work to be successful. In our experience, a project’s success can’t be credited to the bank that financed it but it can be attributed to the person whose foresight, determination, and effort saw it through from concept to reality. Whether you are trying your hand at flipping for the first time or have ground-up developments under your belt, we look forward to getting to know you as an individual, not just the story your credit report tells. We offer financing under the parameters below.
Lending Parameters:
Geography: Rhode Island, Massachusetts, Connecticut, New Hampshire, Vermont, Maine
Security: First Mortgage
Loan Types: Acquisitions, Ground-Up Construction, Fix and Flips, Bridge Loans and Refinancing
Property Type: Single and Multi-Family Homes, Condominiums, Land and Commercial Properties
Occupancy: Non-Owner Occupied
Loan Amounts: up to $2,000,000
Loan Terms: 6 – 18 months
Loan to Value: Maximum 75% at completion
Borrowers Equity: Minimum 10% of Overall Project Cost
Interest Rate: 12-14%
Origination Fee: 2-3%
Closing Time: 7-10 Days
Lending Built for the Pace of Real Estate.
OUR PROCESS.
Step 1: Application
Time is of the essence in real estate transactions which is why our streamlined, fast application process allows you to gain funding in as little as 7-10 days.
Step 2: Underwriting
You’ve done your due diligence, now we’ll do ours. We personally evaluate every loan application and project. When we determine your project is a fit for Max Mortgage, we’ll be as invested as you are.
Step 3: Closing
Within 7-10 days, we will finalize the paperwork and logistics so your funds will be immediately available upon closing.
Step 4: Servicing
We’ve built our business on relationships which is why we deliver in-house loan servicing to our Borrowers in addition to the convenience of online account access via the industry-leading The Mortgage Office® software.