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Hard money loans in Lowell, MA
Loans for flips, rentals and construction in Lowell and the Merrimack Valley.
Investing in Lowell real estate
Lowell was built around its textile mills, and the housing still reflects it: dense streets of two-, three- and four-family homes close to downtown, with single-family neighborhoods further out. Many of the mills themselves have been converted to apartments and lofts.
UMass Lowell and Middlesex Community College keep rental demand steady, and commuter rail runs from Lowell to North Station in Boston. Prices are lower than in the inner Boston suburbs, which draws both flippers and long-term rental investors.
Neighborhoods investors ask about
- The Highlands: a mix of single-families and multi-families, and one of the city’s largest neighborhoods
- Centralville and Pawtucketville: multi-families north of the Merrimack, near UMass Lowell
- The Acre and Back Central: dense multi-family streets near downtown
- Belvidere: larger single-family homes
- Downtown: mill conversions and mixed-use buildings
What to plan for on a Lowell deal
- The Lowell Historic Board reviews exterior work in the downtown historic district and nearby neighborhoods.
- Near the university, plan renovations around the academic-year leasing cycle.
- Older multi-families often need electrical upgrades and separate utilities for each unit.
- Most of the housing predates 1978, so the Massachusetts lead law applies to rentals where young children live.
Loan programs for Lowell investors
| Program | What it funds | Maximum leverage |
|---|---|---|
| Fix and flip loans | Buying and renovating a property you plan to resell | Up to 90% of purchase and 100% of rehab, capped at 70 to 75% of after-repair value |
| DSCR rental loans | Buying or refinancing long-term and short-term rentals | Up to 85% loan-to-value on a purchase, up to 80% on a cash-out refinance |
| New construction loans | Ground-up builds, including the land | Up to 90% of cost for experienced builders, capped at 70 to 75% of completed value |
| Portfolio and commercial loans | Several rentals under one loan, plus multifamily and commercial property | Up to 80% on a portfolio purchase; commercial quoted deal by deal |
Lowell hard money loan questions
Yes. We lend on investment property in Lowell and across the Merrimack Valley, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. Two- to four-family homes can be financed with a fix and flip loan or a DSCR rental loan. Larger multifamily buildings are financed through our commercial program.
Yes. A rental near the university can be financed with a DSCR loan, qualified on the property’s rent compared with its monthly payment.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are complete. Rental and DSCR loans take about 30 days, including the appraisal.
Other Massachusetts markets
Have a deal in Lowell?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.