$321,750 Acquisition Loan in Citrus Heights, CA
Loan Amount: $321,750
Term: 12 months
The borrowers are real estate investors who came to First Bridge Lending to finance the acquisition of their next rental property. The subject property is 1,269 sq ft SFR with 3-bedrooms and 2-bathrooms located in a good neighborhood in Citrus Heights, CA. The borrowers plan to lease the property for $2,250/month and refinance with a conventional lender.
The loan amount totaled $321,750 at 65% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the clients secure funding for their SFR purchase.
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 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, DRE, NMLS