$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. The Borrower planned to use a bank loan for this project.
With only 2 weeks to close, the Borrower did not have time to start the process with a new bank. At First Boston, we understand the zoning and subdivision process and do NOT require third party appraisals.
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.
If you need to close quickly and need a real estate professional that truly understands the business, reach out to a member of our lending team today!
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.