154 Water St | Newburyport, MA 01950
508-873-7230
Speed To Deployment of Real Estate Capital & Creative Financing Solutions.
Downeast Private Lending LLC
info@downeastprivatelending.com
Speed To Deployment of Real Estate Capital & Creative Financing Solutions.
Loan Types
Property Types (Non-Owner Occupied):
- Single Family Homes
- Single Family Home Subdivisions
- Multi-family & Apartments
- Office Buildings
- Retail Buildings
- Strip Malls
Loan Types:
- 100% Construction Costs
- Renovations & Rehabilitation Loans
- Flips (buy, renovate & sell)
- New Construction – Residential / Commercial / Retail
- Additions / Expansion
- Condominiums & Multi-family Conversions
Loan Parameters:
| Borrower Profile: | Builders, Flippers, Investors (No Owner Occupants) |
| Loan Size: | $150,000 - $4 Million |
| Loan Term: | Up to Eighteen (18) Months |
| Lending Areas: | AZ, CA, CO, DC, FL, GA, HI, MA, MD, NC, NY, TX, VA, and WA |
| Interest Rate: | as low as 8.49% |
| Origination Fees: | as low as 2 points |
| Loan To Value: | Up To 75% (as renovated/complete value) |
| Payment: | Monthly interest only payments |
| Closing: | 7 Business Days – Subject To Title |
| Collateral: | First Mortgage, Real Estate Only |
| Credit Requirements: | Borrower Friendly, Minimal Criteria |
| Appraisal: | Deal by deal basis |
Why work with Downeast?
| LOAN TYPES | DOWNEAST PRIVATE LENDING | TRADITIONAL HARD MONEY |
|---|---|---|
| Loan Size | $150,000 to $3 Million | $200,000 to $3 Million |
| Loan Term | 6-18 Months | 6-12 Months |
| Loan to Value (LTV) | 75% LTV | 70% LTV |
| Down Payment | 15-25% | 20-30% |
| Time to Close | As little as 7 Days | As little as 7 Days |
| Interest Rates | 8.49%-11.5% | 12.00-15.00% (Approximately) |
| Points | 2-4 points | 2.00-5.00% |
| Profit Split | Options Available | Not Available |