Private Lender for New Construction in Massachusetts
Mayflower Venture Partners is a direct private lender specializing in new construction financing for experienced residential developers in Massachusetts. We fund ground-up single-family construction projects in the $1 million and above price range throughout the state. Term sheets in 24 hours. Closings in 10 to 14 business days.
Finding the right private lender for new construction in Massachusetts is not the same as finding a lender for a fix and flip or a bridge loan. Ground-up construction requires a lender who understands the full arc of a build — from land acquisition and permit approval through framing, mechanical, finish work, and final certificate of occupancy. A lender who cannot fund draws quickly or who creates friction in the process costs you time, and in construction, time is money.
What to Look for in a Private Lender for New Construction
Not all private lenders are equipped to handle new construction. Many who advertise construction loans are primarily fix and flip lenders who will take a construction deal when it comes to them but are not set up to manage the draw process efficiently. Before you commit to a lender for your next ground-up project in Massachusetts, here are the questions that matter most.
How fast do they process draw requests? At Mayflower Venture Partners, draws are processed in 48 hours. That means your contractor gets paid on time, your subcontractors stay on the job, and your project stays on schedule. A lender who takes a week or two to process a draw can cost you far more in delays than you save on rate.
Are they a direct lender or a broker? We are a direct lender. Every loan we fund comes from our own capital. There is no broker layer adding fees and delays between you and the money. When you call us, you are talking to the decision makers.
Do they understand the Massachusetts market? We are based in Quincy, Massachusetts. We know the towns, the permitting processes, the buyer profiles, and the exit values that make new construction deals work in this state. That local knowledge matters when we are underwriting your project.
Why Private Lending is the Right Choice for New Construction in Massachusetts
Massachusetts is a premium market. In towns like Newton, Lexington, Weston, Winchester, Wellesley, Concord, Needham, Hingham, Cohasset, and Nantucket, the best new construction opportunities move fast. Lots go under agreement quickly. Sellers with desirable teardown parcels have multiple interested parties. Developers who can close in two weeks and start pulling permits immediately have a decisive advantage over those waiting on bank financing.
Private lending exists to solve exactly that problem. As a private lender for new construction in Massachusetts, we can move at the speed the market demands. We are not constrained by the approval committees, underwriting backlogs, and bureaucratic processes that slow conventional lenders down. We look at the land, the plan, the budget, and the projected exit — and we give you an answer fast.
Our New Construction Lending Program
We lend on ground-up single-family residential new construction throughout Massachusetts. Our program is designed specifically for experienced developers building in the $1 million plus price range.
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 Work With
We work with experienced residential developers who have completed at least one ground-up construction project. Our borrowers understand the build process, manage their contractors effectively, and have a track record of delivering projects on time and on budget. If that describes you and you have a new construction deal in Massachusetts that needs financing, we want to hear from you.
Ready to Work With a Private Lender Who Understands New Construction?
For a full overview of our Massachusetts new construction program, visit our New Construction Loans Massachusetts page. We also lend in Connecticut, Rhode Island, New Hampshire, and Maine.
Apply now, email us at lo***@*******er.com, or call 617-553-6781. Term sheets in 24 hours.