$440,000 Acquisition Bridge Loan in San Leandro, CA

Loan Amount: $440,000

LTPP: 55%

Type: Acquisition

Term: 12 months

The borrower is a project manager for a construction firm who was looking to purchase their first real estate property to rent. They came to First Bridge Lending for financing on the 3-bedroom 2-bathroom SFR. The borrower purchased the property for $800,000 and expects to rent the SFR for $3,500/month.

The loan amount totaled $440,000 at 55% LTPP for a 12-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their first rental property.

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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