$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.
$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.
