funded
$3,450,000 First Mortgage Loan
Rinse & Repeat
4-Unit Condo Conversion
Somerville, MA
Rinse & Repeat Strategy Funded by FBCP
4-family condo conversion in Somerville
First Boston Capital Partners (FBCP) has financed hundreds of projects like this over the years. This Borrower came to FBCP because he did not have sufficient capital for down payment; his capital was tied up in two other projects which were actively under construction and nearing completion.
FBCP made a first mortgage loan on the subject property and took a second mortgage on the two other projects, allowing the Borrower to leverage his equity from two existing projects and acquire/develop a third project.
This is just one way that FBCP helps its Borrowers stretch their equity dollars.
To learn more about how we can help you maximize the use of your equity capital, reach out to a member of our lending team today!
Choose FBCP & look forward to a continuous, successful partnership.
Existing borrowers experience a faster, more efficient loan approval process, saving you valuable time and energy. Receive timely financial support when you need it the most to seize new opportunities quickly.
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