Direct Private Lending for Boston Real Estate Investors

First Boston Capital Partners is an affiliate of The Grossman Companies which has been financing Boston home builders for over 60 years. We extend private loans to builders, developers and real estate investors in the Greater Boston metropolitan area. We provide short-term bridge capital for acquisitions, ground-up construction or renovations secured by non-owner-occupied residential or commercial properties. Our parent company has been in the real estate business for 40+ years. We have our own capital and hold all loans on our balance sheet.

  • Hyper-focused lending in the Boston metro area
  • Residential, Multifamily and Mixed-Use Properties
  • No appraisals required – we know values in Boston
  • We can cross-collateralize with other investment properties
  • Renovation and ground-up construction project financing
  • 87.50% Loan-to-Cost, includes interest reserve
  • Up to 75% After-Repair Value for rehab projects
  • We offer bridge loans for a quick purchase or refinance

Please note: We do not offer loans for owner-occupied homes.

Property Geographic Area Details
Boston metro area, Cape Cod, Nantucket
Loan Amounts
$500,000 to $10,000,000
Interest Rates
12% to 13%
Loan Terms
6 months to 18 months
Origination Fees
2% to 2%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%

Maximum Leverage

Purchase Short-Term (no Value-Add)
Max LTP Residential: 75%
Max LTP Multifamily: 75%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 75%
Max LTV 1st Lien Multifamily: 75%
Residential Fix & Flip
Max LTC: 87.50%
Max LTARV: 75%
Residential Rehab & Hold
Max LTC: 87.50%
Max LTARV: 75%
Multifamily Value-Add
Max LTC: 87.50%
Max LTARV: 75%
Residential Construction
Max LTC: 87.50%
Max LTCV: 75%
Multifamily Construction
Max LTC: 87.50%
Max LTCV: 75%

Property Types

  • 2-4 Units Residential
  • Commercial Land
  • Mixed-Use
  • Multifamily
  • Residential Land
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Multifamily Bridge
  • Multifamily Rehab
  • Multifamily Ground-Up Construction

Specialty Loan Types

  • Luxury Homes
  • Partner Buyout
  • Reverse 1031 Exchange
Borrowers need a 25% cash down payment for a property purchase bridge loan. For loans that include a rehab/construction budget, we can fund up to 87.50% of the total project costs.

Max Loan-to-Purchase Price

75%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property
We can fund up to 87.50% of the total costs, including the purchase price, rehab budget, interest reserve, and closing costs.

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

87.50%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

75%
We can fund up to 87.50% of the total costs, including the purchase price, rehab budget, interest reserve, and closing costs.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

87.50%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

Our loans have a minimum interest amount, and it varies by deal.
Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Financial Statements
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

We check credit but don't have a minimum score requirement.

Appraisal Required for Residential Property

Never

Appraisal Required for Commercial Property

Never

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Contact First Boston Capital Partners

First Boston Capital Partners pays us to be listed, so there is no fee to connect with them directly.
(617) 319-9736 (617) 319-XXXX
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Send email Create a Loan Request

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First Boston Capital Partners, an affiliate of The Grossman Companies, has been financing home builders for over 60 years.

We provide short-term bridge capital to developers and investors for acquisitions, ground-up construction, or renovations throughout southern New England—focusing on the Greater Boston area.

As one of the largest, most trusted private lenders in New England, we write loans ranging from $500,000 to $10 million.

Since 2012, First Boston Capital Partners has originated over $1 billion in loans.

Office Locations

One Adams Place, 859 Willard Street, Suite 501, Quincy, Massachusetts 02169

Primary Capital Source
  • Own Funds
  • Individual Investors
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

15%

Percentage of Loans Secured by Residential Property

85%

Our Team

David Grossman

President

Benjamin Stillwell

Senior Vice President

Chris Michaud

Vice President

Jason Denoncourt

Loan Originator and Asset Manager

Patrick Bourque

Loan Originator and Asset Manager

Contact First Boston Capital Partners

First Boston Capital Partners pays us to be listed, so there is no fee to connect with them directly.
(617) 319-9736 (617) 319-XXXX
Click to show phone number
Send email Create a Loan Request

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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Contact This Lender

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(617) 319-9736 (617) 319-XXXX
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$500,000

What We Do

  • Lending in Boston only
  • Renovation Project Financing
  • Ground-Up Construction Loans
  • Purchase/Refinance Bridge Loans
  • In-House Valuations

Not Available

  • NO 100% Financing
  • NO Gap Funding
  • NO 2nd Mortgages
  • NO Owner-Occupied Homes
  • NO Specialty Commercial Properties

Send an email to First Boston Capital Partners