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Hard money loans in New Bedford, MA
Fix and flip and rental loans for investors in New Bedford and the South Coast.
Investing in New Bedford real estate
New Bedford is a working port city, once the center of American whaling and today home to one of the busiest commercial fishing fleets in the country. Its neighborhoods are full of triple-deckers and two-families built for mill and waterfront workers, and they remain the core of the rental market.
Prices are well below Greater Boston. South Coast Rail began commuter service between New Bedford and Boston in 2025, and the port has become a staging area for offshore wind. Both have brought new attention from investors.
New Bedford is also our home base. The Boston Fix and Flip Loans office is at 205 Clifford St, New Bedford, MA 02745.
Neighborhoods investors ask about
- The North End: triple-deckers and multi-families along Acushnet Avenue
- The South End: multi-families and single-families near the peninsula and beaches
- The West End: larger historic single-family homes
- Downtown: the historic district, with mixed-use buildings and loft conversions
What to plan for on a New Bedford deal
- Our minimum loan is $75,000. On lower-priced properties, check that your purchase and rehab financing together reach that amount.
- Triple-decker rehabs mean three kitchens, three baths and three heating systems.
- Exterior work in the city’s historic districts needs Historical Commission approval.
- Most of the housing predates 1978, so the Massachusetts lead law applies to rentals where young children live.
Loan programs for New Bedford investors
| Program | What it funds | Maximum leverage |
|---|---|---|
| Fix and flip loans | Buying and renovating a property you plan to resell | Up to 90% of purchase and 100% of rehab, capped at 70 to 75% of after-repair value |
| DSCR rental loans | Buying or refinancing long-term and short-term rentals | Up to 85% loan-to-value on a purchase, up to 80% on a cash-out refinance |
| New construction loans | Ground-up builds, including the land | Up to 90% of cost for experienced builders, capped at 70 to 75% of completed value |
| Portfolio and commercial loans | Several rentals under one loan, plus multifamily and commercial property | Up to 80% on a portfolio purchase; commercial quoted deal by deal |
New Bedford hard money loan questions
Yes. Our office is at 205 Clifford St in New Bedford, and we lend on investment property in the city and across the South Coast, including fix and flip loans, DSCR rental loans and new construction loans.
Yes. A DSCR loan is qualified on the building’s rent compared with its full monthly payment, and the rent from every unit counts.
The minimum loan is $75,000.
Fix and flip loans average up to 21 days and can close in about 7 days when title and insurance are complete. Rental and DSCR loans take about 30 days, including the appraisal.
Other Massachusetts markets
Have a deal in New Bedford?
Tell us the address, the purchase price and your plan for the property. We will come back with leverage and pricing for your scenario.