Mayflower Venture Partners fix-and-flip loans fund 80-90% of acquisition and 100% of construction at 9.99% to 12.99%, with 12-month terms and 10-day closings. Specializes in $1M+ luxury flips, gut renovations, and tear downs across New England.
| Fix & Flip Feature | Structure & Terms |
|---|
| Loan Term | 12 months | Interest-only monthly payments |
| Interest Rate | 9.99% to 12.99% | Rate depends on LTV, experience, geography, and track record |
| Origination Points | 1 to 3 points |
| Max Leverage | Up to 90% of acquisition | 100% of construction | Max 70% LTV | 85-90% LTC |
| Down Payment Required | 10-20% of purchase price to stay within desired LTV and LTC parameters |
| Speed to Close | ~10 days | Term sheet issued within 24 hours of application | Closing ~2 weeks after signed term sheet |
| Draw Turnaround | 48-hour average from photo submission to wire |
| Property Focus | Luxury flips, gut renovations, and tear downs. 1-4 unit residential. SFR, condos, and multis. Specializes in $1M+ project values in Greater Boston and New England. |
| First-Time Investors | Accepted with 20% down of purchase price |
Mayflower Venture Partners specializes in $1M+ ground-up construction and gut renovation loans across New England. 50-75% land LTV, 100% construction coverage, 12-month terms at 9.99% to 12.99%, and 48-hour draw turnaround.
| Construction Feature | Structure & Terms |
|---|
| Project Specialty | Ground-up new construction, tear downs, and gut renovations on 1-4 unit residential properties. Specializes in $1M+ project values in Greater Boston and New England. |
| Land Acquisition | 50-75% of land acquisition cost |
| Construction Budget | Up to 100% of construction costs |
| Max LTV | Max 70% LTV | Down payment: 25-50% of purchase price |
| Interest Rate | 9.99% to 12.99% | 1 to 3 origination points | 12-month interest-only term |
| Experience Required | Required. Mayflower does not fund ground-up construction for first-time investors. Building permit or zoning opinion letter required before draws begin. |
| Draw Turnaround | 48-hour average via mobile app photo submission |
| Speed to Close | Term sheet in 24 hours | Closing approximately 2 weeks after signed term sheet |
Mayflower Venture Partners DSCR loans offer rates from 6.75% with up to 80% LTV and 20-30 year fixed terms. Purchase, rate-term refi, and cash-out refi available across New England.
| Rental DSCR Feature | Structure & Terms |
|---|
| Starting Rate | Rates from 6.75% |
| Loan Terms | 20 to 30 year fixed or ARM terms |
| Max LTV | Up to 80% LTV |
| Loan Types | Purchase, Rate and Term Refinance, Cash-Out Refinance |
| BRRRR Exit Strategy | Investors can use Mayflower's fix-and-flip or construction loan for the rehab phase, then refinance into the DSCR program at stabilization - one lender for the full BRRRR cycle. |
| Geographic Coverage | New England - Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, Vermont |