$225,000
35%
LTV
9 months
The borrower, the CFO of a real estate investment company, was looking to refinance one of their existing rental properties. First Bridge Lending provided a business‑purpose loan secured against the value of the rental asset. The proceeds will be used to renovate one of their investment properties. The borrower plans to pay off the loan with proceeds from one of their assets.
The loan amount totaled $225,000 at 35% LTV for a 9‑month term. First Bridge Lending originator Chris Carey facilitated this deal and helped the client secure financing for their investment property.
$3,750,000
69%
LTPP
12 months
The repeat borrowers, husband and wife flippers, have completed more than 40 fix and flip projects on primarily high-end properties. First Bridge Lending provided financing for them to purchase their next flip property in Newport Harbor. The subject property was well maintained but needs interior and exterior updates. Purchased at $5,450,000 the borrowers plan to invest $1,000,000 in upgrades before listing to resell.
The loan amount totaled $3,750,000 at 69% LTPP for a 12-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding for their fix and flip.
$3,000,000
47%
LTV
12 months
The borrower, part owner of a manufacturing company, was looking for a new residence that was suited for their family along with space for their parents to reside as well. First Bridge Lending provided an owner‑occupied bridge secured against the borrower’s current residence, their parents residence and their new residence they were purchasing. The equity in their current residences was able to be used to purchase the new home - an exceptional 7,500 sq ft house located on a 5-acre property, featuring an ADU on the property. The two properties in Murrieta, CA will be sold to payoff the loan.
The loan amount totaled $3,000,000 at 47% LTV for a 12‑month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding for their new residence.
