New Construction Loans in Concord, MA
Mayflower Venture Partners is a direct hard money lender specializing in new construction loans for experienced residential developers in Concord, Massachusetts. We provide ground-up construction financing for single-family homes in the $1 million and above price range, with term sheets issued within 24 hours and closings in 10 to 14 business days.
Concord is one of Greater Boston’s most prestigious towns, known for its Revolutionary War history, top-ranked schools, and a housing market where new single-family construction regularly exceeds $2 million. It is one of the most compelling new construction markets in Middlesex County, and we are actively lending here.
New Construction Lending in Concord
Concord’s strict zoning and limited inventory make new construction on infill lots and teardown parcels extremely valuable. Experienced developers who can navigate the permitting process find strong buyer demand and excellent exit values.
With a median home price of $1.72 million and consistent appreciation, Concord is one of the strongest new construction markets in Massachusetts.
At Mayflower Venture Partners, we understand what it takes to get a ground-up construction project across the finish line. We work directly with the borrower and their contractor to set up a draw schedule that keeps the project moving. Our construction draws are processed in 48 hours, so your team stays funded and your schedule stays on track.
Our New Construction Loan Parameters
We lend on ground-up single-family residential construction in Concord and throughout Middlesex County and greater Massachusetts. Here is what our new construction program looks like:
Loan amounts from $500,000 to $5,000,000. Up to 75% of land acquisition cost. Up to 100% of construction budget. Loan terms of 12 months. Interest only monthly payments on the amount disbursed. Construction draws processed in 48 hours. No prepayment penalty.
We are a direct lender, not a broker. Every loan we fund comes from our own capital sources and investors, which means faster decisions, cleaner communication, and no surprises at the closing table.
Who We Lend To
We work with experienced residential developers who have a track record of completing new construction projects. If you are building a custom single-family home in Concord and need a construction lender who understands the process, the draw schedule, and the local market, we want to hear from you.
We do not finance first-time builders on new construction projects. Our borrowers are professionals who have completed at least one ground-up build and understand what it takes to deliver a project on time and on budget.
Why Developers Choose Mayflower Venture Partners
We are based in Quincy, Massachusetts and have been lending to New England real estate developers for years. We know Concord. We understand the permitting process, the buyer profile, and the exit values that make a deal work in this market.
When you call us with a deal, you get a straight answer fast. We will tell you within 24 hours whether we can finance your project and on what terms. There are no committees, no unnecessary back and forth, and no surprises late in the process.
Ready to Move on Your Next Concord New Construction Project?
If you have land under agreement or a teardown deal in Concord and you need a construction lender who can move at the speed your project requires, reach out to Mayflower Venture Partners today.
We lend throughout Massachusetts with a focus on high-value new construction markets like Concord. Apply now or call us at 617-553-6781. Term sheets in 24 hours.