Refinance Bridge Loan

First Bridge Lending offers short-term refinancing solutions as well. If an investor already has short-term financing on a renovation project, but needs more time to complete the remodel or stabilize finances, we can refinance a loan to give the investor more time to complete their goals prior to selling or refinancing the property over the long-term. For example, if an investor purchased a multi-family with a short-term acquisition bridge loan but needs more time to execute against his business plan or renovation before the existing loan matures, a refinance bridge loan can help buy the investor time to accomplish his goals prior to selling the property for profit.

Recent Refinance Bridge Loan Deals

57% LTV – Refinance
12 months

The borrower is a full-time investor who purchased this property in 2014 for $520,000. They recently evicted the tenants and will be completing a remodel of all 4 units before re-leasing for an estimated gross rent of $8,000/month.

43% LTV – Refinance
12 months

The borrower was an experienced landlord seeking cash for both business use and investments. They purchased the property—a retail strip center and parking lot—in 1988 for $1.27M.

59% LTV – Refinance
9 months

The borrower is a homeowner in Tiburon who needed to pull cash from their vacant home, which was being prepared for sale.

25% LTV – Refinance
12 months

The borrower is a full-time real estate investor with 20 years’ experience who was looking for a loan on their commercial retail property in order to pay property taxes on other assets.

40% LTV – Refinance
6 months

The borrower purchased this property in 2014 for $520,000 and needed to pay off a loan that was maturing with another private money lender.

65% LTV – Refinance
6 months

The borrower had a $3MM blanket loan, and these properties were the only two remaining.

59% LTV – Cash Out Refinance, Refinance
12 months

First Bridge Lending helped the client refinance to complete home renovations.

San Bernardino Mixed Use Portfolio

$250,000

55% LTV – Commercial, Refinance
24 months

The borrower owned two assets and used the refinance proceeds to purchase additional investment properties. First Bridge made a blanket loan to help the borrower close.

Hollywood Construction

$2,500,000

50% loan to cost LTV – Refinance, Renovation Draws
18 months

The borrower had a broken construction development, and First Bridge structured the financing with 5 simple draws that allow the borrower to execute their business plan.

Carmel Construction

$2,100,000

65% of costs LTV – Refinance, Renovation Draws
6 months

The borrower needed additional equity in order to fund finishing costs and extend their current loan. First Bridge provided additional proceeds necessary to see the project to completion.

Venice Duplex

$690,000

41.40% LTV – Cash Out Refinance, Refinance
6 months

Our loan was made to Trust where the beneficiaries were splitting the proceeds. First Bridge specializes in making loans to complex entity structures.

3 Property Los Angeles Portfolio

$1,000,000

65% LTV – Cash Out Refinance, Refinance
12 months

The borrower needed a cash-out refinance and used proceeds toward the purchase of an additional investment property. This loan allows for the release of individual collateral.

Newport Beach Condo

$1,200,000

40% LTV – Cash Out Refinance, Refinance
12 months

The borrower refinanced existing debt and cashed out additional proceeds to renovate an investment property in order to procure a conventional loan post-renovations.

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