$321,750
65%
LTPP
12 months
The borrowers are real estate investors who came to First Bridge Lending to finance the acquisition of their next rental property. The subject property is 1,269 sq ft SFR with 3-bedrooms and 2-bathrooms located in a good neighborhood in Citrus Heights, CA. The borrowers plan to lease the property for $2,250/month and refinance with a conventional lender.
The loan amount totaled $321,750 at 65% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the clients secure funding for their SFR purchase.
$1,500,000
49%
LTV
12 months
The borrowers are retired on a fixed income looking to relocate to a new area in CA. First Bridge Lending provided an owner occupied bridge loan, which allowed the borrower to access the equity in their current 3-bedroom and 3.5-bathroom residence in Novato, CA and their new 3-bedroom and 2.5-bathroom residence in Lincoln, CA. The Novato, CA residence will list for $2,195,000 and will pay off the loan once it sells.
The loan amount totaled $1,500,000 at 49% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure financing for their new home.
$6,000,000
60%
LTPP
24 months
The borrower is a real estate investor with experience in commercial development in Southern California. They came to First Bridge Lending to secure financing for their next commercial purchase. The mixed-use property is a corner lot in downtown La Jolla, CA comprised of 15,560 sq ft of ground floor retail space and 11,166 sq ft of second floor office and retail space.
The loan amount totaled $6,000,000 at 60% LTPP for a 24-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding for their commercial property purchase.