$700,000 Acquisition Bridge Loan in Castro Valley, CA

Loan Amount: $700,000

LTPP: 61%

Type: Acquisition

Term: 6 months

The borrower is an East Coast investor who was looking to buy their first California rental. First Bridge Lending provided financing to purchase the 4-bedroom, 3-bathroom SFR in Castro Valley, CA to save the deal when the borrower’s bank lender was no longer lending. The borrower purchased the property for $1,150,000 and will rent the upstairs for $3,500/month and the downstairs for $2,000/month.

The loan amount totaled $700,000 at 61% LTPP for a 6-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their SFR purchase.

Why FBL
Private lender
Direct lender
Quick process puts you in touch with decision makers
Loans funded in 3 business days
In-house underwriting, no appraisal required

FBL Track Record
Over 2,000 loans totaling more than $1 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
CA Licensed: CFL, DRE, NMLS

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