First Bridge Lending https://firstbridgelending.com Thu, 08 Nov 2018 21:11:50 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Is Now the Right Time to Buy an Investment Property? https://firstbridgelending.com/is-now-the-right-time-to-buy-an-investment-property/ Thu, 25 Oct 2018 00:03:22 +0000 https://firstbridgelending.com/?p=210088 The post Is Now the Right Time to Buy an Investment Property? appeared first on First Bridge Lending.

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Today’s post contains keen insights on winter real estate buys, from First Bridge Lending’s Vice President, Scott Townes. Mr. Townes started his professional career as an Intelligence Officer in the Marine Corps, where he served two combat tours in Iraq. Following his military service, he spearheaded the development of a business that he scaled and managed for seven years that ultimately acquired and repositioned more than $1B of distressed residential assets nationwide. As the market recovered, Mr. Townes took over management of 3,000 multi-family and 1,000 student housing units.

Prior to joining First Bridge Lending, I managed hedge fund capital and oversaw the investments of over 2,000 fix-and-flip transactions in California. Being involved in so many deals, I began looking for ways to optimize operations, and have sliced and diced the numbers in just about every way imaginable. I started analyzing trends and diving deep into questions like:

  • What resale price is outperforming the portfolio average in different zip codes?
  • How do buyers in different markets value pools?
  • What is the right amount of renovation to spend on different age and sized homes?

While much of the analysis I did was filled with significant noise, the right time of year to buy remained a constant in successful investment returns.

Year after year, I observed that properties purchased between October and February (Winter) outperformed the June to July (Summer) purchases for investors. After sponsor fees and commissions, the winter buys returned around a 20% internal rate of return (IRR), while the summer hovered around 9%.

This is a significant difference, and the consistency in these results made it statistically impossible that time of year could not be a driving factor in the results.

Why?

Economics 101 → Supply and Demand. In the Winter, you are competing with less buyers, while in the summer you need to increase your purchase price offer to stand out amongst the competition and close the deal. Conversely, buying in the Winter means you can use the Spring/Summer real estate rush to your advantage. When you are selling your Winter buys in the Spring and Summer, you are exposing your sale to the greatest number of buyers and will likely fetch a higher price for your property as a result.

Buyer Timing. Younger families made up the majority of the buyers’ pool on our properties, and often times they were first-time home buyers. These buyers don’t tend to move as frequently over the non-summer months, so you want to time your buy appropriately to be ready to bring your property to market when the most buyers are looking and ready to move.

Hold Time is an IRR Killer. The faster you flip and sell your property, the more you’ll make on your investment. Buying during the Spring or Summer may put you in a position where you’ll have to hold onto that property until the next wave of buyers is ready the next year. But a winter buy can help you decrease your hold times.

While financing now is less expensive than it was when I was buying, even just turning a 9-month hold to a 7-month, will likely increase your IRR by about 50% due to the net savings in financing charges, taxes, and faster turning of your capital.

Undervaluing the ARV on Winter Buys. During your due diligence period, you typically look back 90 days in a liquid market, and that paints a distorted picture of the exit when you buy in the Winter. For example, if you enter escrow in December, you are likely looking at ARV comparables from September through November, but your sale will likely experience a spring bump, meaning you’ll fetch a higher exit price and quicker exit.

While buying in the Winter is certainly not more important than a deliberate approach to your acquisition (or running solid, efficient operations) it is a variable that will give you tailwind in your investments, which is always welcomed in the challenging fix-and-flip market.

If you have any questions or have your own experiences to share, I’d love to chat!

Scott Townes
stownes@firstbridgelending.com
(949) 432-4693

Contact First Bridge

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5 Reasons to Build a Long-Term, Single-Family Real Estate Portfolio https://firstbridgelending.com/5-reasons-to-build-a-long-term-single-family-real-estate-portfolio/ Wed, 10 Oct 2018 21:05:47 +0000 https://firstbridgelending.com/?p=210004 The post 5 Reasons to Build a Long-Term, Single-Family Real Estate Portfolio appeared first on First Bridge Lending.

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In the United States, single-family houses for rent represent the largest real estate investment asset class, valued at approximately $3 trillion. This figure outstrips the multifamily rental market of approximately $2.5 trillion and dwarfs all of the other categories.
This makes the opportunity in single-family homes quite a substantial one for investors. Building a real estate portfolio is something that can benefit every type of real estate investor, but the advantages of structuring your portfolio to include single-family rental homes drastically outweigh those of a multi-family investment for these five key reasons.

1. Leverage Real Estate as Part of a Long-Term Investment Strategy

Combining your investment capital with financing helps increase your buying power and opens up an opportunity for you to make greater returns on your property investments. You can invest in more properties, at one time, with the same amount of money, yet yield quadruple the returns.

For example, if you have $200,000 that you’re looking to invest, you could simply purchase $200,000 in stocks. But you could also use that same amount to invest in four separate single-family rental properties (by putting $50,000 down on each one and financing the remaining amount over the long-term of your investment.

This quadruples your potential return on investment (compared to a single property) and diversifies your property investments across several markets. Diversifying your investments helps protect your investment from market fluctuations that could impact any individual location.

2. Generate Returns Through Growing Single-Family Property Values

Single-family rental homes comprise more than one-third of all U.S. rental properties — about 16 million currently, with another 13 million new rental households expected to be formed by 2030. Since U.S. housing stock is not keeping up with this future demand, the sector should enjoy a significant tailwind given these favorable supply/demand trends. Not surprisingly, demand for single-family rentals is at an all-time high and showing no signs of slowing.

The Southern California median home price slipped in July from June’s record high, but it was still up 5.8% from July 2017, according to data released by real estate firm CoreLogic.

  • In Los Angeles County, the median price climbed 5.7% from a year earlier, to $607,500
  • In Orange County, 6.6% to $735,750
  • In Riverside County, 5.8% to $386,000
  • In San Bernardino County, 6.6% to $325,000
  • In San Diego County, 8% to $579,750
  • In Ventura County, 6.3% to $595,000

3. Think (and Profit) Long-Term in Your Investments

Single-family real estate investments are ideal for people who want to create supplemental income for retirement, but that’s not the only area where real estate investments excel. If an investor targets SFR properties in the markets where the rental space is rapidly expanding due to population growth (and a diminished interest in home buying) the annual investment returns can also be substantial.
This ongoing stability means you can use these investments to supplement other riskier investments you may have in your portfolio to ensure long-term profitability.

4. Protect Your Principal

Real estate investing often acts as a hedge against larger economic trends. Single family home values and rental rates are more influenced by local economic conditions than national shifts. If you pick properties in an economically vibrant area, your single-family home investment can grow even in lean times, and data supports that single-family investments can offer the same returns as stocks, but with less fluctuation and volatility.

5. Take Advantage of Tax Breaks

As a single-family real estate investor, you can also enjoy some tax breaks by holding onto each property for at least one year as you build your portfolio. This is a long-term investment, and if you keep a property for more than a year, you’ll qualify for heavily reduced, long-term capital gains taxes when you do decide to sell that property in the future.

Single-family real estate can also provide tax breaks through depreciation. When you’re investing in single family homes that you intend to rent for additional income, you can take an annual tax deduction equal to the value of the building itself divided by the years of useful life for the structure.

First Bridge is local to California and understands just how the single-family real estate market is trending where you’re looking to buy. For more information on First Bridge Lending and our lending practices, please contact us directly by calling 949-373-5910 for our Newport Beach office and 415-366-1235 for our Petaluma office. We look forward to helping you with the next single-family investment for your portfolio.

Contact First Bridge

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First Bridge Lending Surpasses $1 Billion Mark in Private Loans Funded! https://firstbridgelending.com/first-bridge-lending-surpasses-1-billion-mark-in-private-loans-funded/ Fri, 24 Aug 2018 22:42:01 +0000 https://firstbridgelending.com/?p=209966 The post First Bridge Lending Surpasses $1 Billion Mark in Private Loans Funded! appeared first on First Bridge Lending.

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First Bridge Lending is thrilled to announce that we’ve funded $1 Billion in private, direct real estate loans.

Since we started our company in 2011, we’ve stayed rooted in integrity and have strived to build a highly principled business around providing people with the funds they need to make their next big real estate move.

Where It All Began

First Bridge Lending started with one location in the Bay Area (and one employee) in 2011, under the name FJM Private Mortgage Fund. Our goals when we started still hold true as the guiding principles that have carried us to more than $1 Billion in loans funded.

Since day one, we’ve set out to:

  • Serve clients with private loans to support their real estate goals (even when conventional loans failed them)
  • Provide sound underwriting services in-house
  • Create a great work culture for our employees, clients, and investors
  • Become the top investment vehicle for investors in the state of California

These principles continue to shape our success as we will continue providing clients with simple, reliable private loan solutions that can be funded in as little as 3 days.

A Look Back at Our Journey to $1 Billion in Loans Funded

In celebration of our $1 Billion milestone, we want to take a look back at some of exciting things that have happened along the way.

  • We started with 1 location in the Bay Area serving Northern California, but have now expanded to serve Southern California with our Newport Beach location as well.
  • In 2011, we had 1 employee. Today, we’ve grown to 16 employees to serve the needs of all our borrowers and investors.
  • We’ve attracted institutional capital as we’ve grown and work with investors who typically don’t fund with small companies.
  • In 2011, our goal was to do $30 million a year; now we aim for $30 million a month!
  • Over the years we’ve built a team with a collective 75 years’ experience in real estate investments.

What’s Next for First Bridge and Our Clients?
People keep asking us, “What’s next? What will you do now that you’ve reached the $1 Billion mark in funded loans?”

Quite simply, we’re going to keep doing what we do best, serving our borrowers with integrity, sound real estate expertise, and strong investor relationships.

We are going to continue leveraging our real estate expertise to make direct, private loans happen quickly and seamlessly for both borrowers and investors.

We’ll keep serving clients by controlling every step of the loan process from origination to close. We have discretion over funds, produce our own loan documents, and do all of our underwriting in-house—no appraisal required.

How Our Loan Offering Is Growing to Include Owner Occupied Bridge Loans

By combining our 75 years of experience with our expansive funding resources, we are able to fund loans that most lenders wouldn’t even consider. We keep the process simple, easy, and reliable so you can worry about accomplishing your goals rather than your funding source.

We offer funding for fix-and-flip loans and 1031 exchanges, and we are continuing to expand our investment options to include owner occupied bridge loans. Intense regulations at the federal and state level keep many lenders from offering owner occupied loans. However, we have extensive knowledge of these loans and intend to use this expertise to help borrowers get the financing they need quickly and easily.

For more information on First Bridge Lending and our lending practices, please contact us directly by calling 949-373-5910 for our Newport Beach office and 415-366-1235 for our Petaluma office. We look forward to helping you with your real estate financing needs.

Contact First Bridge

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First Bridge Fix and Flip Loans https://firstbridgelending.com/first-bridge-fix-and-flip-loans/ Tue, 03 Jul 2018 13:23:36 +0000 https://firstbridgelending.com/?p=209934 The post First Bridge Fix and Flip Loans appeared first on First Bridge Lending.

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Distressed or older properties in need of renovation are frequently listed for a much lower price than others in the same neighborhood of comparable size. The pricing is extremely attractive to investors who have the skills and expertise to restore a home and resell it for a profit, but while these homes boast a lot of potential, they’re also much more difficult (if not impossible) to finance through conventional loan types.

In such instances, a fix and flip loan can give you the option to present a strong, all-cash, contingency-free offer that will stand out amidst the sea of offers bound to be coming in on a fixer upper that is priced to sell fast.

What Is a Fix and Flip Loan?

A fix and flip loan is a unique type of financing that allows for the quick cash purchase of a single-family home or condo that may not meet the parameters or timeline of conventional home loans due to its age or condition.

This type of loan also gives buyers and investors options where they may not otherwise have them, whether they don’t have the full cash amount needed to invest in a property they want to renovate or need to keep funds liquid for a fast, profitable fix and flip renovation.

With conventional home loans, there’s often a long process involved in changing ownership of a property. There are usually contingencies (such as physical or loan contingencies) that are placed as conditions on the sale, and it can take anywhere from 30-45 days to fully lock in financing and close once an agreed price and plan is in place.

However, with a fix and flip loan, you can have funds available in as little as 5 days and can make a cash offer to the seller that is free of contingencies such as inspections, appraisals, and loan contingencies. An all-cash offer with no contingencies and a quick close can help bump your offer to the top of the pile and ensure that you’re able to secure the property you want quickly.

Who Should Seek Out a Fix and Flip Loan?

Fix and flip loans are ideal for investors who need reliable, reactive capital to move quickly on purchasing distressed or older homes in need of renovation. Fix and flip loans can be funded and presented to a seller as cash very quickly, which allows investors to move quickly on great opportunities. There are a lot of investors out there scoping out the profit potential of fixer uppers, so speed and reliability of funds are key components of ensuring you present the best deal and get an offer accepted and closed quickly.

Fix and flip loans can also be used in cases where financing has fallen through due to contingencies or other factors that come along with purchasing a distressed property. A fix and flip loan can help you continue forward in your deal without losing time or momentum, and the amount can be flexible to help you stay competitive in what you want or need to offer to secure the deal.

The Advantages of Using First Bridge Lending for Fix and Flip Loans

Many lenders do not offer fix and flip loans, but First Bridge Lending understands the importance of reliable, reactive investor financing. We’re prepared to offer qualified investors and buyers the option to close quickly with a cash offer on fixer properties. We have extensive expertise in fix and flip loans and will do all the work to make sure industry regulations are met while helping you secure your investment property. We handle all the underwriting in house, can waive inspections and appraisals, and can get you funds for an all-cash offer in as little as 3 days.

First Bridge is local to California and understands just how the market is trending where you’re looking to buy. We can meet with you in person, attend property visits, and advise you on the specifics of the area where you’re looking to buy.

For more information on First Bridge Lending and our lending practices, please contact us directly by calling 949-373-5910 for our Newport Beach office and 415-366-1235 for our Petaluma office. We look forward to helping you with your fix and flip loan.

Contact First Bridge

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First Bridge Owner Occupied Loans https://firstbridgelending.com/first-bridge-owner-occupied-loans/ Sat, 02 Jun 2018 22:39:35 +0000 https://firstbridgelending.com/?p=209895 The post First Bridge Owner Occupied Loans appeared first on First Bridge Lending.

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If you live in a “hot” housing market such as Los Angeles, it’s important to be able to move quickly and create an offer that a seller cannot refuse. With so many potential offers, however, how do you stand out? Owner occupied loans can help you appeal to sellers and move quickly into your new home in record time.

What is the Owner Occupied Loan?

An owner occupied loan is a loan given to homeowners who want to purchase a new home and promise to live in it rather than rent it out or use it purely as an investment property. Owner occupied loans are given without contingencies.

In most cases, when a homeowner wants to purchase a new home, they must include a contingency in their purchase offers. This means that the homeowner can only commit to their offer to purchase the new home if their old home sells within a specified period. However, owner occupied loans allow homeowners to move forward with the purchase of a new home without this contingency.

In order to obtain an owner occupied loan, the homeowner must be willing to live in the home for a specified period of time. This time frame is usually one year, but depends on the specific property and its location. The loan itself can be underwritten and closed within 5-14 days, which offers quick a turnaround for buyers.

Who should take out an Owner Occupied Loan?

Owner occupied loans are perfect for homeowners interested in moving into a new home, but who want to purchase their new home without contingencies. These loans are also perfect for homeowners who are interested in purchasing a new home and can afford to do so, but who do not currently have a standard stream of steady income. The loan is based on the homeowner’s net worth and can include investment income as a determining factor for underwriting the loan. It also looks at the loan to value (LTV) percentage. Taking the loan amount needed and dividing it by the property value of the home determines the LTV of a property.

First Bridge Lending prefers to lend to homeowners who have a 65% LTV percentage or lower because it demonstrates that the homeowner will have a greater equity stake in the property.

The lack of contingencies and strict income requirements also make these loans perfect for homeowners who want to move quickly in hot markets.

When homeowners live in hot housing markets such as Los Angeles or San Francisco, they need to be able to move quickly. They will often be competing with five to seven other potential buyers. Submitting an offer without contingencies gives these buyers an upper hand and can make their offer more appealing to the seller. Owner occupied loans also are seen as “cash offers” by sellers and can help buyers compete with “all cash” offers. This can be especially helpful for homeowners living in hot real estate markets with fierce competition.

What makes the Owner Occupied Loans at First Bridge Lending unique?

Many lenders and mortgage brokers choose not to offer owner occupied loans. First Bridge Lending is prepared to offer owner occupied loans to qualified candidates in order to help them quickly move into a new home.

One of the reasons why you rarely see owner occupied loans offered as an option with other lenders is because of the intense regulations required by the government. Regulations at both the federal and state level keep mortgage brokers from offering these loans simply because of the work involved. First Bridge Lending, however, has extensive knowledge of these regulations and experience in complying with them.

For more information on First Bridge Lending and our lending practices, please contact us directly by calling 949-373-5910 for our Newport Beach office and 415-366-1235 for our Petaluma office. We look forward to helping you with your owner occupied loan.

Contact First Bridge

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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 more than $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.)

Contact First Bridge

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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 more than $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.

Contact First Bridge

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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.

Contact First Bridge

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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.

Contact First Bridge

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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.

Contact First Bridge

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