Project Financing with a Private Lender
Funding Process
Personalized Lending, Proven Success
Building Strong Relationships
Since the 1960s, First Boston Capital Partners has forged lasting personal relationships with Borrowers and investors throughout New England, funding over 1,000 loans totaling over $1 Billion in volume since 2010.
Our success lies in our commitment to understanding your unique needs and offering tailored solutions to help you achieve your goals.
To ensure a smooth application process, we assist you with being prepared with necessary documentation and our loan originators are always available to address your questions and concerns.
Partner with us and experience the difference of personalized lending and unparalleled support.
Being prepared for a construction or bridge loan saves time and gets your request approved quickly!
First Boston services and funds all loans in-house which makes for efficient processing and faster turnaround times.
Some documentation you may need for a real estate loan or draw request:
- Accepted Offer to Purchase or Purchase & Sale Contract
- Project Description (lot size, home square footage, bedroom and bathroom count, etc.)
- Construction Budget for your project (for application purposes just the total amount is fine)
- Comparable sales (not necessary, but helps us understand the value you see)
When you call us, we’ll go over the details needed to assess what loan may be right for your project goals.
Be prepared to discuss and send some of the following, if applicable:
- Property Address
- Property Description
- Purchase Price
- Estimated Repair Costs
- After Repaired Value
- Real Estate Comps
- Photos / Floor plans / Renderings
- Business and Individual Real Estate Background
As an asset-based lender, we can approve you for a loan regardless of your credit or income, giving builders and developers, like you, the freedom to make timely competitive offers on an investment property.
Once approved, we can provide a proof of funds letter*, with the following information:
- Property address
- Buyer name
- Offer price
- Submit your draw request to your loan originator (we can provide a draw sheet for you)
- Schedule an inspection with our in-house Construction Manager (often same day or next day)
- Our attorney will check title
- Upon completion of the inspection and title check, we will wire funds to the account you specify, often within 24 hours of the request!
Your Trusted Partner in Real Estate Lending
Steps to Get Funded Fast
Navigating the funding process for real estate builders and developers can be a challenging yet essential aspect of any successful project. Our efficient and streamlined funding process, designed with your project in mind, ensures that you have access to the necessary funds, while minimizing delays and potential risks.
1
Draw Request
Email a copy of your draw sheet to your lender (we can provide this for you at the beginning of
your project). This helps us understand the project’s financial needs and ensures a smooth funding process.
2
Title Verification
We check title to make sure no subcontractors have filed liens on the property. This is crucial for protecting both your investment and ours by minimizing any legal or financial risks.
3
Inspection
Schedule an inspection with our in-house construction inspector. It’s helpful if you are on site for this. But if you can’t be there, that’s ok. As long as our inspector has access to the site, he’ll get the job done!
4
Draw Funded
Upon completion of the inspection and title check, we will wire funds to your project account. This is all generally completed in 24 hours! Our streamlined process eliminates unnecessary delays, keeping you on track for success.
We Will Help You Get Your Project Completed
Don’t let financial obstacles stand in the way of your project’s completion. Partner with us today, and experience a seamless funding process that will keep your real estate plan moving forward, allowing you to focus on what you do best – building and developing opportunity.
