New Construction Loans in Nantucket, MA
Mayflower Venture Partners is a direct hard money lender specializing in new construction loans for experienced residential developers in Nantucket, 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.
Nantucket is the most exclusive island market in Massachusetts, with a median home price exceeding $2.8 million and a new construction market driven by high-net-worth buyers seeking bespoke single-family homes in one of the most coveted coastal destinations in the world. It is one of the most compelling new construction markets in Nantucket County, and we are actively lending here.
New Construction Lending in Nantucket
Nantucket operates by its own rules. Limited land, strict historic zoning, and a buyer base that includes some of the wealthiest individuals in the country create a market where new construction commands extraordinary prices. Developers who navigate the permitting process and deliver architecturally appropriate, high-quality homes find that demand consistently outstrips supply.
With a median home price above $2.8 million — among the highest in the entire country — Nantucket represents the pinnacle of the Massachusetts new construction market. For experienced developers who understand this unique island market, the returns are exceptional.
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 Nantucket and throughout Nantucket 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, 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 Nantucket 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 Nantucket. 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 Nantucket New Construction Project?
If you have land under agreement or a teardown deal in Nantucket 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 Nantucket. Apply now or call us at 617-553-6781. Term sheets in 24 hours.