Great Lakes Private Lending for Massachusetts investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Massachusetts context
Massachusetts triple-decker market produces multi-unit DSCR economics. Boston DSCR tight.
How Great Lakes Private Lending positions in Massachusetts
For Massachusetts specifically, Great Lakes Private Lending fits investors who match the private money approach. The low cash flow profile of Massachusetts aggregate makes it workable for Great Lakes Private Lending.
City-level coverage in Massachusetts
Great Lakes Private Lending provides DSCR coverage across Massachusetts metros including Boston, Worcester, and Springfield. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Massachusetts metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Massachusetts property tax | 1.2% |
| Massachusetts state income tax | 9% |
Great Lakes Private Lending strengths in Massachusetts
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Massachusetts coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Boston is the top investor market in Massachusetts and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Boston property tax follows the Massachusetts state rate of 1.2 percent. Great Lakes Private Lending typically underwrites Boston acquisitions at standard rate sheets.
Yes. Worcester ranks among the larger Massachusetts investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Worcester matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Massachusetts metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Boston, Worcester, and Springfield all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Massachusetts triple-decker market produces multi-unit DSCR economics. Boston DSCR tight. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Massachusetts.
Massachusetts allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Great Lakes Private Lending in Massachusetts works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.