$3,325,000 First Mortgage Loan
Martha's Vineyard Seasonal Rental
Financing Solution Funded by FBCP
Historic Estate on Martha’s Vineyard
The Borrower approached First Boston Capital Partners (FBCP) due to the unique nature of this property that was exceptional in its composition and potential.
The property, nestled in the scenic Martha’s Vineyard, consisted of several land parcels, some of which were under a conservation restriction. This unique mix presented a significant challenge for traditional bank lenders, who found it difficult to underwrite due to its distinct characteristics.
The Borrower overcame the hurdles posed by bank lenders, who struggled to underwrite the property due to its distinctive nature, and discovered a solution with our private lending.
Faced with these challenges, the Borrower sought an alternative to the hurdles posed by conventional bank lenders, who struggled to underwrite the property due to its distinctive nature. They discovered a solution with our private lending. The FBCP lending team has originated private money loans for real estate investors which require an in-depth understanding of property potential in the Massachusetts islands and Cape area.
The property was more than a single parcel but included two of the parcels containing multiple structures, all of which needed significant renovations. Due to the unique nature of the property, this complexity further complicated the situation for bank lenders, who were hesitant due to the unconventional nature of the property and the extensive renovation requirements. The business plan and the need for renovations, bank lenders demanded more cash equity than what the Borrower was prepared or able to invest.
Bridge loans are a vital tool for real estate investors, especially when dealing with properties that don’t fit the traditional mold. We have an expedited financing solution that can bridge the gap between acquiring a property and securing long-term financing or completing renovations.
Understanding the business plan and having confidence in the value of the underlying real estate, First Boston Capital Partners was able to finance the acquisition and provide construction funds for the existing structures. Recognizing the borrower’s vision and business plan, and understanding the intrinsic value of the real estate in question, FBCP stepped in with a solution that aligned with the borrower’s needs. This approach is a testament to our flexibility and commitment to supporting unique real estate ventures.
We have the ability to see beyond the conventional lending parameters and to understand a borrower’s vision and the property’s potential to set our loans apart. It is not just about lending money; it’s about fostering successful real estate projects and building relationships, even those that fall outside the typical lender’s “box.”
If you are a real estate investor facing similar challenges, or if you have a project that doesn’t quite fit the traditional lending criteria, choose a funding partner that offers a beacon of hope. Our lending team’s knowledge in real estate markets and funding certainty with bridge loans can be the key to unlocking your project’s potential.
Real estate investing, especially in exceptional properties like those on Martha’s Vineyard, requires a lender who understands the intricacies of the local market and the specific challenges that come with non-traditional properties.
First Boston Capital Partners is not just a lender; we are a partner in your real estate investment journey. With their expertise in private money loans and real estate bridge loans, they provide the flexibility, speed, and understanding necessary to navigate the complexities of unique real estate investments.
If you have a unique project that doesn’t fit in your bank lender’s “box,” reach out to a member of our lending team today!
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Experience the support and expertise that ensures your project’s success. Our lending team is dedicated to helping you complete your project with funding, from start to finish.