First Boston Capital Partners, an affiliate of The Grossman Companies with offices in Quincy, MA and Southport, CT, extends private loans to builders, developers and real estate investors in Massachusetts, Connecticut, Rhode Island, New Hampshire and New York. We provide short-term bridge capital for acquisitions, ground-up construction or renovations secured by non-owner-occupied residential or commercial properties.
Our private lending solutions are tailored toward borrowers who are seeking alternatives to conventional bank loans and value a long-term relationship. We can close transactions in as few as five days.
|Property Types||Commercial Properties and Non-Owner Occupied Residential Property including spec homes, subdivisions, condo conversions, etc.|
|Loan type||Acquisition, Ground-up Construction and Renovations, Land|
|Collateral Type||First Mortgage, Second Mortgage, Joint Venture Equity|
|Geographic Areas||Massachusetts, Connecticut, Rhode Island, New Hampshire and New York|
|Loan Size||$200,000 to $10,000,000|
|Loan Term||6 to 18 months|
|Interest Rates||12% to 14%|
|Loan to Value||Up to 75%|
|Origination Fee||2% to 3%|