$450,000 Acquisition Bridge Loan in Ukiah, CA

Loan Amount: $450,000

LTV: 61%

Type: Acquisition

Term: 12 months

The borrower is an inexperienced investor who operates a family business that does equine training. They were exercising a lease option to purchase from 2015 with a strike price of $619,000. The borrower paid $100,00 in cash in 2015 and amortized the balance to $450,000 through monthly lease payments. First Bridge Lending provided a loan for the borrower to finalize the purchase of the rental property.

The loan amount totaled $450,000 at 61% LTV for a 12-month term. First Bridge Lending originator Louis Bardis 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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