$617,500
65%
LTV
12 months
The borrowers were looking to relocate from Chino Hills to Temecula. First Bridge Lending provided stand-alone bridge loan on their current residence. The equity in their current residence was used to purchase of their next home in Temecula. Once they move into their new residence, they will list their current residence in Chino Hills, CA for sale and use the proceeds to pay off the loan.
The loan amount totaled $617,500 at 65% LTV for a 12‑month term. The loan originator Sofia Nadjibi helped the clients secure financing to buy their new home.
$966,000
70%
LTPP
12 months
The borrower, the owner of an apparel company and an experienced real estate investor, was looking to purchase a property to renovate and re‑sell for profit. They planned to acquire the home for $1,380,000 and invest approximately $250,000 into renovations before listing it for around $2,200,000. First Bridge Lending provided a loan enabling them to fund both the purchase their next fix and flip property.
The loan amount totaled $966,000 at 70% LTPP for a 12‑month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure financing for their fix‑and‑flip project.
$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.
