funded

$5,120,000 First Mortgage Loan

Single-Family Subdivision

raynham, MA

Table of Contents

Single-Family Subdivision Funded by FBCP

Flexible Financing Solutions for an Evolving Business Plan

In the world of real estate development, adaptability and financial support can make the difference between a project’s success and stagnation.

First Boston Capital Partners provided flexible financing solutions to a developer faced with an unforeseen challenge.

Our commitment to supporting local markets, even during challenging times, underscores the strength of our balance sheet and our belief in the potential of our clients.

 

The Challenge: Unexpected Land Acquisition

Our case study begins with a developer embarking on a two-phase subdivision project, comprising over 30 lots.

Initially, the plan was to acquire land for the second phase one year later.

However, circumstances changed, necessitating an immediate acquisition without the requisite cash on hand.

Traditional and most private lenders, constrained by rigid structures or insufficient funds, could not offer the necessary flexibility.

 

The Solution: Leveraging Equity for Acquisition

First Boston Capital Partners, already originated loan for a mortgage on the first phase and recognizing the value created by the borrower, stepped in to provide a solution. 

By leveraging the equity from the first phase, we were able to fund 100% of the land acquisition for the second phase.

This approach not only exemplified our flexibility but also our confidence in the borrower’s capabilities and the project’s potential.

 

The Outcome: A Constructive Partnership

“This has been a great long-term relationship for us,” said Ben Stillwell SVP of First Boston Capital Partners.

“We’ve seen this borrower operate with great success over the last 4 years.

When we see this level of consistent performance through up and down markets, it allows us to open a lot of doors and provide numerous options to help developers and investors grow their business.”

The partnership between First Boston and the borrower evolved into a long-term relationship, marked by mutual growth and success.

The borrower continued to build and sell homes in the first phase, using the proceeds to pay down the loan.

Furthermore, we recently enhanced this partnership by modifying the loan to include a construction revolver for 19 new homes, demonstrating our ongoing support and belief in the project’s success.

 

Strengthening the Balance Sheet in the Local Market

First Boston Capital Partners leverages a strong balance sheet to support local real estate developers, even in uncertain times.

We originated over $200 million in loans in 2023 with more capital to deploy in 2024, including an additional $60 million credit line from Cambridge Savings Bank, with a commitment to providing efficient, reliable financing solutions.

Our in-house underwriting process, which enables faster loan decisions compared to traditional banks, further highlights our expertise and efficiency.

By investing in the local market and supporting projects like this subdivision, First Boston not only strengthens its balance sheet but also contributes to the vitality of the community.

Our belief in the local market’s potential drives us to offer flexible financing solutions that adapt to our clients’ needs, fostering growth and development.

 

We Invest in Relationships

The case of the unexpected land acquisition for a two-phase subdivision project illustrates First Boston Capital Partners dedication to flexibility, strength, and support for local markets.

Our approach to leveraging existing equity to facilitate necessary acquisitions, even in challenging times, underscores our commitment to our clients’ success.

Through our strong balance sheet, efficient processes, and belief in the local market, we continue to build long-term relationships that open doors for developers and investors alike.

This case study not only highlights our capabilities but also our role as a knowledgeable and capable partner in the real estate finance sector, ready to support more projects and contribute to the community’s growth.

Unlock Your Project's Potential with a Bridge Loan

With our strong balance sheet and understanding of the local market, even with challenges, we provide the flexible financing solutions you need to keep your projects moving forward.
We are here to help you achieve your project goals. 
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