North Shore Private Lending (NSPL) has been providing private financing for real estate speculators, developers and contractors for over 30 years. Based on Boston’s North Shore, we specialize in financing commercial loans for residential projects that may need extremely fast approvals to meet seller requirements.
The company’s principal, Richard Sokolow, has worked in the real estate and mortgage lending fields since the 1980s. He grew up in Marblehead, but has also lived throughout the North Shore in Lynnfield, Middleton, Salem, Swampscott, Beverly and Lynn. After receiving a B.A. in Economics from Tufts University, Sokolow worked for a Boston area developer as the construction manager on condominium projects throughout eastern Massachusetts. He later worked as an independent developer overseeing a wide range of real estate projects, including building single family homes and townhouses, managing extensive home renovation projects, and speculating and flipping houses. He has also owned and managed numerous multi-family investment properties.
Now, Sokolow specializes in hard money lending, financing his clients’ development projects with fast approvals based on simple, objective criteria. “If a developer can show there is sufficient value in their new construction project, house flip or other real estate investment, and can demonstrate that they have the right expertise, we can provide the financing."