$542,000 Acquisition Loan in North Fork, CA

Loan Amount: $542,000

LTPP: 51%

Type: Acquisition

Term: 18 months

The borrowers are real estate brokers and engineers who own multiple properties, including vacation rentals. They came to First Bridge Lending to finance the purchase of their next vacation rental property to expand their portfolio. The 4,389 sq ft mountain style SFR with 5-bedrooms and 3-bathrooms is located on 7 acres in a semi-rural neighborhood south of Bass Lake. The borrowers plan to do light remodeling before relisting the property as a vacation rental.

The loan amount totaled $542,000 at 51% LTPP for an 18-month term. First Bridge Lending originator Louis Bardis 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

Related Deals

Acquisition Loan in San Carlos, CA
65% LTPP
12 months

Refinance Loan in Vallejo, CA
23% LTV
12 months

Acquisition Loan in Manteca, CA
70% LTPP
6 months

First Bridge Lending