$1,430,000 First Mortgage Loan
Excess Land Funding Solution
Funded by FBCP without Additional Appraisals
Single-Family Home with an extra Buildable Lot
The Borrower was buying a lot that was large enough to subdivide and build a second single-family home and they planned to use a bank loan for this project.
The Challenge of Conventional Banking Delays
With only two weeks to close, the Borrower did not have time to start the process with a new bank. With developers who need funding with plans for land use, such tight timelines are common, and traditional banking procedures often fall short in meeting these urgent demands. This gap in funding is where we step in to fill the void, offering speed and certainty with loan processing to match the dynamic pace of the real estate development plans.
Expertise in Zoning and Subdivision: A Competitive Edge
At First Boston, we understand the zoning and subdivision process and do NOT require third-party appraisals like conventional banks. Our team’s knowledge and experience with local zoning laws and subdivision regulations with land use empowers us to make quick, informed decisions. This knowledge is particularly crucial in cases like this, where the property’s unique characteristics could complicate standard appraisal processes.
Rapid Loan Processing: The First Boston Advantage
We were able to close this loan in 2 weeks based on the Borrower’s original business plan with the same down payment he was originally planning to invest. Our ability to expedite the loan process without compromising on due diligence or financial prudence stands demonstrating our commitment to borrowers needs.
Understanding the Urgency in Real Estate Acquisitions
With real estate investments, delays can mean lost opportunities and financial setbacks. Our approach is designed to avoid such pitfalls by providing timely financial solutions. We recognize that each day counts in real estate transactions, and our underwriting and title check processes are streamlined to ensure maximum efficiency.
Navigating Complex Real Estate Transactions with Ease
Our team’s comprehensive understanding of the intricacies involved in complex real estate transactions, like subdivision and development, sets us apart. We have honed our skills to navigate through the often-turbulent waters of real estate financing, offering clarity and precision where others see complications.
Customized Solutions for Unique Real Estate Ventures
Every real estate project has its unique challenges and requirements. At First Boston, we pride ourselves on providing customized financial solutions that cater to the specific needs of each project. Whether it’s a straightforward purchase or a complex development venture, our lending team is equipped to deliver the right bridge financing solution.
The First Boston Difference: Where Experience Meets Innovation
At First Boston Capital Partners, our blend of experience, innovation, and customer-focused approach makes us a preferred partner for real estate investors. We don’t just lend money; we invest in your vision and work alongside you to bring it to fruition.
Partner with Us for Your Real Estate Funding Needs
If you need to close quickly and need real estate professionals that truly understand the business and subdivision plans, reach out to a member of our lending team today! Our expertise, speed, and commitment to your success make us the ideal partner for your next real estate project.
Propel Your Project to New Heights with a No-Obligation Loan Offer
Ready to get started? Don’t hesitate to reach out to our expert lending team for further information or assistance in securing a tailored bridge loan while helping you every step of the way.