Your Reliable Real Estate Investment Lender
Are you looking for a direct hard money lender for your next real estate acquisition? Do you need to apply for a hard money loan for your upcoming real estate or business project? Consider DeNovus Capital. We are a private lender offering fast, flexible and customized real estate loans for first and second mortgages in Massachusetts and nearby areas.
Fast Closing. Low Rates. Flexible Terms Customized to Your Confidential Transaction.
|LTV 55% and Under||8%-11%||1-2 Points|
|LTV 55%- 65%||9% -12%||2-3 Points|
|LTV 65%-75%||10%-13.5%||2-4 Points|
Clients We Work With
*N.B. Commercial Credit Borrowers Only. Investment Affidavit Required. Non-Owner-Occupied Borrowers.
We have experience in real estate renovation construction, new construction, real estate planning, real estate risk management, and loan servicing. Currently, we are looking to extend private loans to clients such as developers, builders, contractors, owners, and operators in need of capital for fast acquisitions, refinancing, and recapitalizations.
We aim to provide fast and flexible funding to professional real estate investors that are under contract to buy, fix, and sell real estate.
- Closing in 10 Days
- Fair Market Rates
- Flexible Terms Based on LTV of
- Real Estate Asset
- Real Estate Brokers Are Protected
- Same-Day Loan Decision
Short-Term Private and Hard Money Are Great for Your Real Estate Transaction
We understand that when you’re looking to close a transaction, time is of the essence. You want to lock in your profits and protect your timeline to honor your purchase and sale agreement timeline obligations for performance. We also understand that your price agreement with the seller needs to remain confidential and secure and that your deal should be closed reliably on time.
The coordination among the client, attorney, seller, and lender is an important aspect of every transaction but is often neglected. For this reason, you need a private lender that understands your objectives not just with one acquisition, but the objectives of your overall portfolio. Private money lenders like DeNovus Capital should be a valuable resource for your short-term collateral pledged real estate as a security interest.
Transactions involving commercial loan officers, commercial mortgage brokers, and banks often have differing processes. Transactions with these parties can often move slowly and involve strict procedures for disbursement of your project renovation or new construction funds. Banks and commercial institutions may offer low interest rates, but the interest rate is only one small factor in borrowing money. We understand that seasoned real estate veterans like our clients value their time, and as they say, “time is money.”
Loans We Offer
Residential and commercial property investors as well as non-owner-occupied borrowers can apply for the following loans:
Private Money Construction Loan in Massachusetts
Are you interested in collateral real estate or a construction loan? We lend private money on first mortgage acquisition and construction loans to investors, builders, developers, and contractors.
The first draw under a construction loan typically will cover closing costs and the purchase price of your lot. We lend seventy percent of the value of projects like this.
If your project includes approved building plans, we would determine a loan value based on the number of units approved post appellate period expiration, the living area, the location, and the current debt on the real estate. Advances under a construction loan are usually not made directly to the borrower. Instead, as a private lender, we typically fund the draws directly to the builder or others that need to be paid to help ensure the project moves along smoothly without third party payment non-payment claims. Converting a multifamily building into condominiums is also a very common practice using private money in addition to a standard hard money purchase of a single-family “fix and flip” project.
We serve clients in Massachusetts and nearby areas, with a focus on:
Get the Funding You Need for Your Real Estate Project
All communication is kept confidential and a non disclosure agreement will be executed.