PRIVATE LENDING COMPANY
JEMS is a Massachusetts-based private lending company offering loans for construction and development projects in in Boston and surrounding cities in MA.
Owned and operated by two long time real estate development professionals, Richard Olstein and Michael Staiti. Richard and Michael have over 50 years of real estate development, management and finance experience.
CONSTRUCTION LOANS EVALUATION
PROPERTY INFORMATION
We will need the address, the type of property, and the zoning information.
FINANCIAL INFORMATION
We need to know the purchase price, the construction / renovation costs, and the target sales price.
PROJECT DESCRIPTION
We need to know if the project is a new construction, renovation, or a flip.
LOAN APPROVAL
We can typically give you an answer within 24hrs.
WHAT OUR CLIENTS SAY
DEFINITELY USE JEMS
"They are very prompt and professional in all their transactions. Their loan rates and terms are very competitive. They are a locally owned business, so you can get quick answers on deals, they can close quickly, and work with you on those outside the box type of deals. No national corporation red tape or hoops to jump through. If you are looking to build a relationship with a private lender for flips, or new construction builds, you should definitely use JEMS.”
John M.
JEMS customer since 2008
A SOLID GO-TO LENDER
“I’ve been working with JEMS since 2010. I was between a rock and a hard place at the time and they helped get me out of it. This was a large stepping stone toward my career as a real estate investor. We have since done numerous deals together. You won’t find an easier company to work with. I truly appreciate the relationship JEMS and I have formed over the years.”
Jason R.
JEMS customer since 2010
FLEXIBLE FINANCING
“I have been working with JEMS financial for over 5 years. They have been integral in helping my partners and I achieve our real estate goals. They understand the many intricacies involved in development and the real estate business in general. This understanding allows them to offer creative financing solutions that typical lenders are unable to grasp. If you are looking for fast, flexible financing, and reliability, they are a sure bet.”
Michael G.
JEMS customer since 2011