JEMS is a Massachusetts-based private lending company offering loans for construction and development projects.

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.

In addition to owning JEMS, they also own Keystone Development Corporation, a residential development company that has permitted and built over 400 homes since 1998.

Read our feature article in Greater
Boston's Builder + Architect Magazine

This experience makes JEMS uniquely qualified to help our customers succeed in real estate. We are able to apply our proven expertise in residential development to help our borrowers grow and prosper. We are able to perform site evaluations and review construction plans, specifications and budgets with the benefit of this expertise. These reviews help to ensure the feasibility of a loan and to confirm a proposed development makes sense for our borrowers. Furthermore, JEMS is able to perform our own construction inspections to monitor construction progress.

JEMS’ consistent presence in the marketplace in both a financing and development capacity affords them an intimate familiarity with current land and housing values, as well as market competition and future trends. We constantly analyze real estate opportunities as well as directly experience market conditions in ongoing projects. JEMS draws on all of its resources in making loan approval determinations for the benefit of our customers.


  • Bridge Financing
  • Foreclosure Workouts
  • Partner Buyouts
  • Unique Acquisition Situations
  • Construction Loans
  • Vacant Building Financing
  • Financing of Discounted Loan Payoff
  • Rehab/Renovations
  • Working Capital Needs
  • Condo Conversion Opportunities
  • DIP (Debtor in Possession) Loans

Rick Olstein

Michael Staiti

Get a Loan Evaluation

Share by: