$750,000
46%
LTPP
12 months
The borrower worked in policy communications for a tech company and them and their spouse were looking to relocate from Oakland to Walnut Creek. First Bridge Lending provided a stand-alone owner occupied bridge loan on their new Walnut Creek 2,031 sq ft 4-bedroom 3-bathroom residence they were purchasing. The Oakland home will be put on the market once they are settled into their new Walnut Creek home. They will use the proceeds of the sale to pay off the loan.
The loan amount totaled $750,000 at 46% LTPP for a 12-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding to purchase their new home.
$598,000
54%
LTV
12 months
The retired borrowers were looking to purchase a new home in Oregan. First Bridge Lending provided an owner occupied bridge loan, which allowed the borrower to access the equity in their current residence in San Francisco, CA for the down payment on their new home out of state. They plan to list their current San Francisco home for $1,100,000. Once sold they will use the proceeds to pay off the loan.
The loan amount totaled $598,000 at 54% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their new home.
$256,000
26%
LTPP
12 months
The borrower works in the restaurant industry. They came to First Bridge Lending to finance the purchase of a rental property in Sebastopol, CA. The property is a single-story ranch style 5 bedrooms and 3 bathrooms located on 1.5 acres in a desirable area of town close to amenities. It is in good condition but could use some updating. The property also has an additional detached unit.
The loan amount totaled $256,000 at 26% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their next investment property.
