Mini-Perm Loans

 

Do you have a property that has cash flow
but does not qualify for long-term bank financing?

First Boston Capital Partners has your solution!

 

Click here for more information.

 
Private Lending

First Boston Capital Partners, an affiliate of The Grossman Companies, provides short-term bridge capital for real estate investors, developers, and home builders who need immediate funding for an acquisition or refinancing. Our creative real estate financing solutions are structured exclusively for those seeking alternatives to conventional bank loans. We finance permitted land, single-family home and condominium development, income and non-income producing commercial property, note purchases, and discounted payoffs of existing loans. Loan structures may include first and/or second mortgages, mezzanine loans, and preferred equity. We can close a transaction in as quickly as five days.

 

Our team's experience in real estate acquisitions, management and development, gives First Boston the expertise to quickly assess complex opportunities and non-conventional situations to deliver a fast closing. Click here to contact First Boston Capital Partners.

 

 

Following is a brief summary of typical terms:

   
Property Types: All income producing properties, non-owner occupied residential properties, properties under development and land
Lending Area: Massachusetts, New Hampshire, Rhode Island, Connecticut
Loan Size: $150,000 - $5 million
Loan Term: 3 - 18 months (longer terms accommodated through extensions)
Amortization: Interest Only
Interest Rates: 12-15% (rates may vary depending on type of transaction)
Loan to Value: Up to 75%
Origination Fee: 2 - 5% paid at closing from loan proceeds
Due Diligence: 3rd party appraisal, internal review, title report, credit report
Mortgage Position: 1st or 2nd mortgage, mezzanine loans, preferred equity
   
Submit a Loan Application Request
RECENT TRANSACTIONS
One Adams Place, 859 Willard Street, Suite 501, Quincy, MA 02169 | Phone: (617) 472-2000Fax: (617) 472-4600 Email: info@grossmanco.com