Hard Money Loans in Boston, MA
Loan-size math and qualifying analysis for Hard money financing on Boston's $793k median home value. Strong fit.
Strong fit for Boston.
Boston has active flip + wholesale activity (flip fit 71/100, wholesale fit 99/100) — hard-money makes sense for the velocity these strategies require.
Payment on Boston's $793k median.
| Median home value (Boston) | $793,154 |
| Assumed LTV | 85% |
| Loan amount | $674,181 |
| Cash to close (down payment) | $118,973 |
| Assumed rate | 11.00% |
| Term | 6-18 mo, interest-only |
| Monthly P&I | $6,180/mo |
Hard money financing — the mechanics.
Short-term (6-18 month) loans underwritten primarily on the property's after-repair value and the borrower's flip/project experience. Interest-only payments during the term; balloon at maturity (paid off by sale or refinance).
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
How Massachusetts law affects this loan.
Frequently asked.
What's the typical Hard money loan size for a property in Boston?
On Boston's $793k median home value, a Hard money loan at the standard 85% LTV would be approximately $674k, requiring $119k down.
What's the monthly payment on a typical Hard money loan in Boston?
Interest-only payment on a $674k Hard money loan at the typical rate of 11.00% would be approximately $6k/month, excluding taxes and insurance.
Is Boston a good market for Hard money financing?
Boston has active flip + wholesale activity (flip fit 71/100, wholesale fit 99/100) — hard-money makes sense for the velocity these strategies require.
What credit and reserves do Hard money lenders require for Boston properties?
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
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