Who We Are:
Erik T. Potter
Erik Potter is a graduate of Boston College where he received a bachelor’s degree in political science and philosophy. Upon completing his undergraduate studies Mr. Potter attended Suffolk University Law School where he received his Juris Doctorate in 2005. He is a licensed Massachusetts attorney with his own boutique real estate law practice in Massachusetts. In addition to his J.D., Mr. Potter has been a licensed real estate broker since 2005.
Mr. Potter has been involved with real estate related transactions in one capacity or another since 2000. During that time he has acted as a real estate rental agent; a real estate sales broker; a property manager for multi-families, distressed properties and large apartment complexes; and, most notably as an attorney whose practice has ranged from representing large banking institutions in foreclosure and bankruptcy proceedings to the representation of individual buyers and sellers on residential real estate transactions. Additionally, a large part of his practice is related to the representation of clients specializing in “hard money” lending in Massachusetts.
In response to the last economic downturn and the resulting overly stringent conventional underwriting standards, Mr. Potter launched MassPrivateLending.Com, Inc, in late 2009 in order to address what he recognized was an increasing demand for an online resource for localized and private real estate lending solutions for real estate investors and “flippers”. Over the last five years MassPrivateLending.Com, Inc. has become the premier hard money lending resource in Massachusetts and has seen significant growth each year. This success is a result of Mr. Potter’s transparency, honesty and knowledge of the private lending sector.
Tara Potter is a graduate of the University of Massachusetts Boston where she received a bachelor’s degree in Sociology. Since graduating Tara has pursued a career in real estate and property management and is a licensed Massachusetts real estate salesperson holding certifications in BOMI Accounting and Budgeting as well as BOMI Investment and Finance. Professionally she has excelled in the property management arena with positions at Lincoln Property Company, Tishman Speyer Properties and most recently Bozzuto Management Company. Starting as a Tenant Coordinator for two class A commercial high rises in downtown Boston she rose to Assistant Property Manager for one of Boston’s luxury multi-use properties in Boston’s Seaport District. As an Assistant Property Manager Tara has managed over 1.5 million in monthly rental collections along with a team of leasing specialists and has extensive experience with regards to facilities and risk management, inspections and compliance regulations, residential and tenant relations and commercial budgets and accounting.
Tara is a native of Marshfield, Massachusetts and is married to Mr. Potter. Mrs. Potter is focused on growing MassPrivateLending.Com, Inc’s. social media presence and is in charge of all of the company’s accounting and new business development and real estate investment ventures.
Scott Haavisto – Director of Business Development
Scott Haavisto, originally of Leominster, MA, is a 2001 graduate of UMass Lowell where he received a bachelor’s degree in Exercise Physiology. After graduation, Mr. Haavisto moved to Boston, MA where he became the Regional Sales/Operational Manager of Boston Sports Clubs. His responsibilities included managing the overall profitability for 20 health clubs throughout Boston/Greater Boston.
Mr. Haavisto’s next role led him to Boston’s Seaport District. As Vice President of Sales for Global Protection Corp, he was the department director for an international consumer packaged goods manufacturer and distributor. In his director role he oversaw the inside and outside sales forces, managed accounts for some of the world’s largest retailers (CVS, Costco, Walgreen’s, etc.) and negotiated the buying and selling of goods with the company’s clients.
Outside of the office, Mr. Haavisto dedicates significant amounts of time to various charity organizations, specifically the organization he founded: “The Great American Foundation”. Mr. Haavisto joined MassPrivateLending.Com in 2011 as the Director of Business Development where he was tasked to help attract new borrowers and lenders to MA/RI’s premier hard money lending resource.
What We Do:
MassPrivateLending.Com is both a direct lender and a facilitator. We pre-screen borrowers and determine if they will qualify for a loan with one of our private investors or lenders. Our due diligence consists of reviewing the property to be pledged as collateral, reviewing the borrower’s proposed loan summary and corresponding directly with the borrower to ascertain their ability to service the debt and the viability of their exit strategy. Once our preliminary due diligence is complete, we work with the borrower and private lender thru the execution of a written commitment letter memorializing the terms and conditions of the specific loan transaction.
When acting solely as a broker and not as a direct lender, we pride ourselves in being a neutral party in all transactions. If our borrowers are not happy with the services we provide then as facilitators we have not done our job. Likewise, if we present “bad” borrowers to our private lenders our reputation will suffer and private lenders will not work with our company. Our success depends upon our integrity and reputation. If either is compromised MassPrivateLending.Com will not succeed.
Above all, our reputation and professionalism is paramount. We strive to communicate clearly with all potential borrowers to ensure our expectation of superior service.