Our clients understand the benefits of paying more to quickly obtain short-term capital for projects that might otherwise "go away."
Boston and Dedham, Massachusetts (PRWEB) March 26, 2013
Endeavor Capital is Greater Boston’s largest private real estate lender and has served the New England market with nonconventional lending options for fifteen years. Endeavor features prominently in the “2012 Top Lenders List” in the March 11, 2013 issue of Banker & Tradesman, published by The Warren Group.
The firm specializes in real estate bridge loans, asset-based working capital, construction financing, and real estate note acquisitions, offering fast access to cash when conventional lending sources are unwilling to grant loans due to stringent scrutiny of borrowers’ financial profiles, new banking legislation, and increased FDIC oversight and regulation.
Endeavor achieved 4th in number of commercial retail loans, 5th in dollar volume of commercial retail loans, 7th in dollar volume of residential jumbo loans, and 10th in dollar volume of multi-family home loans, according to Banker & Tradesman. The private lender specializes in fast, flexible funding to builders, developers, and investors and offers a secure alternative to traditional bank loans. Endeavor joins Citicorp, Credit Suisse First Boston, GE Capital, Morgan Stanley, Mortgage Masters and others on the “2012 Top Lenders List.”
Anthony (Tony) Borghi, one of the firm’s Principals, states, “Our clients understand the benefits of paying more to quickly obtain short-term capital for projects that might otherwise ‘go away.’ The business savvy of our clients is a significant factor in why we consistently make Banker & Tradesman’s ‘Top Lenders’ list.”
Alternative lenders such as Endeavor serve a growing need for businesses looking for “hard money,” or creative, situational financing within a tight time frame to fund building, development, and investment projects such as bank-owned or short-sale property acquisition. Unlike commercial banks, Endeavor makes asset-based lending decisions that focus on the financial strength and underlying value of the collateral that secures the loan and not on the credit-worthiness of the applicant. Loans typically range from 6 to 24 months in length and amounts of between $100,000 and $10,000,000. Lending decisions are often made within three days of application.
Endeavor Capital is a direct lender providing investors and businesses with immediate access to short- and intermediate-term real estate investment capital. Unlike banks and other conventional lenders that have strict guidelines, Endeavor Capital typically will commit to close a special-situation transaction within a few days since the loan is entirely based on the real estate collateral.