New Construction Loans in Quincy, MA
Mayflower Venture Partners is a direct hard money lender specializing in new construction loans for experienced residential developers in Quincy, 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.
Quincy is a rapidly evolving city directly south of Boston, home to Mayflower Venture Partners, with a diverse housing market that includes emerging luxury new construction in waterfront neighborhoods and hilltop areas where custom single-family homes are increasingly commanding $1 million and above. It is one of the most compelling new construction markets in Norfolk County, and we are actively lending here.
New Construction Lending in Quincy
Quincy is one of the most compelling new construction opportunities in Greater Boston right now. Its direct MBTA Red Line access to downtown Boston, expanding waterfront development, and relatively affordable land costs compared to neighboring towns like Milton and Braintree create ideal conditions for developers building $1 million to $1.5 million new construction homes. Buyers priced out of Milton and the inner suburbs are increasingly turning to Quincy’s premium neighborhoods.
As the home base of Mayflower Venture Partners, we know the Quincy market intimately. We have watched the waterfront neighborhoods and hilltop areas of Quincy transform over the past decade, and we believe the new construction opportunity here — particularly in Squantum, Merrymount, and Wollaston — is one of the most underappreciated in Norfolk County.
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 Quincy and throughout Norfolk 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 Quincy 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 Quincy. 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 Quincy New Construction Project?
If you have land under agreement or a teardown deal in Quincy 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 Quincy. Apply now or call us at 617-553-6781. Term sheets in 24 hours.