$273,000 Acquisition Loan in Manteca, CA

Loan Amount: $273,000

LTPP: 70%

Type: Acquisition

Term: 6 months

The borrower has been a real estate agent and investor for nearly 20 years. They have invested in 3 fix and flips in the last 12 months and own a rental property. They came to First Bridge Lending to finance the purchase of their fix and flip property to expand their portfolio. The borrower plans to invest $50,000 into the 4-bedrooms and 3.5-bathrooms 2,499 sq ft SFR. After completing the cosmetic upgrades, the borrower will list it for sale to make a profit.

The loan amount totaled $273,000 at 70% LTPP for a 6-month term. First Bridge Lending originator Roxanna Amaya facilitated this deal and helped the client secure funding to purchase their next investment property.

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 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

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