First Bridge Lending https://firstbridgelending.com Thu, 24 May 2018 05:45:59 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 FJM is now First Bridge Lending https://firstbridgelending.com/fjm-is-now-first-bridge-lending/ Thu, 12 Apr 2018 13:43:13 +0000 https://firstbridgelending.com/?p=209770 The post FJM is now First Bridge Lending appeared first on First Bridge Lending.

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We’re pleased to announce that FJM Private Mortgage Fund is now First Bridge Lending! We’re bringing you the same team, the same quality, and the same experience, but we’re working to bring you even better service for your private lending needs.

Our new location in Orange County will serve you with quick, reliable loans in Southern California, and we’re expanding into a larger service area spanning Northern and Southern California.

We’re also well-capitalized with institutional investors, with rates now in the mid-8% range for well-qualified borrowers.

We’ve originated nearly $1 billion in loans since 2012, and we focus on providing our borrowers with top-tier service while helping them obtain the right direct loan for their needs. We’re here to help you time and time again as you continue to invest in real estate, going beyond the one loan you need to make your investment work.

Our capital is available to service loans at any time with 100% discretion over every step of the process, enabling us to fund a loan in as little as three business days.

Contact us today to see your private lending options.

(And stay tuned: we’re preparing to launch a new owner-occupied product, and you’ll be among the first to know about it.)

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Meet the Team Changing the Hard-Money Market https://firstbridgelending.com/meet-team-changing-hard-money-market/ Thu, 22 Mar 2018 13:35:50 +0000 https://firstbridgelending.com/?p=209706 The post Meet the Team Changing the Hard-Money Market appeared first on First Bridge Lending.

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At First Bridge Lending, we combine in-depth industry knowledge and a high level of service to provide the best private lending options for our borrowers’ property investments. Since 2012, we have closed more than 2,000 loans totaling nearly $1 billion, and we have created and refined our lending process to give our clients the best loan options. Our ability to move quickly without sacrificing service or charging higher rates sets us apart from other lenders.

Here are three ways we will help you with your hard-money loans:

1. Understanding the borrower’s perspective

With more than 75 years of real estate investing and financing experience, our team has the expertise to understand each borrower’s needs and help you find the best solution for your loan. Because we’ve been on the other side of the table as investors, we have a higher level of understanding when it comes to the intricacies of borrowing as an investor. We give our borrowers the advantage of an insider’s perspective.

We do not use appraisers or any third parties for valuations or inspections. This streamlines the process and reduces borrower’s expenses. Our combined knowledge and resources allow us to make quick decisions and instill confidence in our borrowers.

2. Speed of execution

Because we manage a fully discretionary fund, we can assess and close a deal typically within three days. This helps borrowers move forward with their investments as quickly as possible with secured capital and prevents holding up the transaction.

Private and hard money lenders typically need at least 1-2 weeks to close, and some of the larger lending groups need even more time. As a mid-sized group, we are large enough to close any deal, but also small enough to be efficient, flexible, and fast.

3. Maintaining borrower relationships

We take pride in working directly with borrowers throughout the loan process. Our loans are serviced completely in-house, so you will always know exactly who you are working with on each deal. It also gives us the time to speak with you personally and understand your individual needs.

When you give us a call, you will reach our team, the same people who will be working with you from origination to term. We value long-term relationships with borrowers and excel in helping them with future investments as they build their portfolios.

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Ready to get started? Contact us today to discuss your loan options.

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Private Lending: Where the Decision Makers are the Originators https://firstbridgelending.com/private-lending-where-the-decision-makers-are-the-originators/ Thu, 15 Mar 2018 14:14:42 +0000 https://firstbridgelending.com/?p=209738 The post Private Lending: Where the Decision Makers are the Originators appeared first on First Bridge Lending.

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In private lending, service is of the highest importance. You want the decision maker for your loan to view the deal from the borrower’s perspective and have a comprehensive understanding of your goals in order to determine the right loan for your investment.

When you’re looking to invest in a property, our team at First Bridge Lending works with you from origination to close. With our team, you’ll have the same entity originating the deal as the decision maker, giving you near-immediate access to capital and attentive service to help you obtain the right loan for your needs.

Our fund’s managers bring more than 75 years of real estate investing and financing experience to the table, and they’ve been on the investor’s side as well, which brings you a well-rounded perspective that goes beyond securing a deal through various sources of capital.

The advantage of private capital

As a borrower, the biggest benefit you’ll see in private lending is the speed and ease of execution. With no intermediary steps, you’ll have an answer on whether or not we are the right lender for your deal the same day as your loan inquiry, and typically on the same phone call. Many times, through our extension industry relationships, if we are not the best lender for your particular needs, we can refer you to someone who can help. We have the ability to provide a quick quote you can rely on to close your investment-purpose property—especially when you come across rare investment opportunities that require fast funding. You’ll never be left hanging at time of closing or be surprised by higher costs or extra fees.

Since we’re not reliant on piecing together capital from smaller funds to make a deal work, we can typically close a deal in two to three days.

At First Bridge Lending, our capital is available to service loans at any time with 100% investment discretion over our funds. You won’t be left wondering if your deal has made it through investor or board approvals; you’ll work with us each step of the way, from securing funds, to producing our own loan documents, to taking care of all of our underwriting in house.

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Ready to get started? Contact us today to discuss your loan options.

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2 Questions You Shouldn’t Ask When Seeking a Bridge Loan https://firstbridgelending.com/2-questions-you-shouldnt-ask-when-seeking-a-bridge-loan/ Thu, 08 Mar 2018 14:22:44 +0000 https://firstbridgelending.com/?p=209746 The post 2 Questions You Shouldn’t Ask When Seeking a Bridge Loan appeared first on First Bridge Lending.

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When people seek out a bridge loan, without fail, they ask the same two questions:

  1. What’s the highest leverage you can give me?
  2. What’s the lowest pricing you’ll give me?

These two questions may be top of mind for potential borrowers, but the reality is that they’re misconceptions. They’re not indications of the most important factors to take into consideration when borrowing from a lender.

Instead, it’s crucial to reframe your priorities and think about the logistics of the loan, which will tell you whether or not you can place your full trust in the lender and operate in a way that’s an efficient use of your time and resources. There is no point in pursuing a loan that will never materialize.

The questions you should be asking are:

  1. Who’s giving me my money?
  2. When am I getting it?

Who’s giving me my funds?

This is the number-one most important question to consider when applying for a loan. Every loan, no matter the lender, comes down to a single person signing the bottom line—and you need to know who that person is. This person is the beneficiary, and your loan will depend on them in order for you to make your investment, so it needs to be someone you know, trust, and ideally have met.

At First Bridge, we have our decisionmakers up front, and we help you through each step in the lending process without sharing your information with third parties just to get a quick deal. Our deep pockets give us unparalleled lending power, which means you know who you’re working with and can trust that you’re getting fair terms that are built around context you provide along the way.

When am I getting my money?

The second most important question to ask is when (and how) you’ll get your funds once your loan is finalized. When defining your loan terms, you need to evaluate your risk and define a deal timeline based around the level of risk you’re willing to take.

We’re dedicated to getting you the best advice and designing a loan around your unique circumstances. Our support and expertise is incomparable. We’ll first talk with you to define your goals, see the property you’re interested in together, and then close a deal that’s best for your objectives.

When we know about your specific situation, history, and real issues surrounding your investment, we can help you make an informed, smart decision based on your leverage sensitivity and investment goals.

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Ready to get started? Contact us today to discuss your loan options.

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How We’ll Save Your Deal with a Hard-Money Loan https://firstbridgelending.com/how-well-save-your-deal-with-a-hard-money-loan/ Thu, 01 Mar 2018 14:23:35 +0000 https://firstbridgelending.com/?p=209750 The post How We’ll Save Your Deal with a Hard-Money Loan appeared first on First Bridge Lending.

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When you come across the opportunity for a rare property investment, hard-money loans are the best way to secure funding with a reliable, fast turnaround.

With our capital, we’ve serviced loans on exchange investments, complex entity structures, construction completion projects, and more.

Here are some recent deals we’ve saved with private lending:

Santa Ana Multifamily

Loan Amount: $600,000
LTV: 65%
Type: acquisition financing
Term: 2 months

The borrower ran out of time on an exchange investment with their current conventional lender and utilized First Bridge to close quickly.

Villandry Drive

Loan Amount: $2,900,000
LTV: 55%
Type: first trust deed with draw structure to allow for construction completion
Term: 5 months

This property is located in an exclusive development, and the developer needed a quick loan to finish construction and sell for a profit.

Palos Verdes Flip

Loan Amount: $1,000,000
LTV: 43% of purchase price
Type: acquisition financing
Term: 6 months

This borrower’s equity partner backed out of an all-cash purchase, jeopardizing the borrower’s deposit and potential profits on a high-yielding flip. First Bridge closed the deal in 4 days.

See more recent deals we’ve serviced, or contact us today to discuss your loan options.

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