$726,000 Acquisition Bridge Loan in Pleasanton, CA
Loan Amount: $726,000
Term: 6 months
The borrowers are a married couple in the food industry seeking their first investment property. First Bridge Lending provided financing to purchase the 4-bedroom 3-bathroom SFR in Pleasanton, CA.
The borrowers purchased the property for $1,210,000 and will rent the SFR for $4,800/month. The loan amount totaled $726,000 at 60% 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.
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Loans funded in 3 business days
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FBL Track Record
Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
CA Licensed: CFL, DRE, NMLS