$2,762,500 Acquisition Loan in San Carlos, CA
Loan Amount: $2,762,500
Term: 12 months
The borrower owns a cyber security business with offices in Texas & California and they own several SFR’s free and clear. They came to First Bridge Lending to finance the purchase of their next investment property in San Carlos, CA. The property is a 2-story SFR with 4 bedrooms and 3 bathrooms on a hillside cul-de-sac. It is in excellent condition and has a flat backyard with views of Hayward Hills and the San Francisco Bay. The borrower plans to rent the home short-term and will refinance First Bridge Lending’s loan with a conventional lender.
The loan amount totaled $2,762,500 at 65% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their next investment property.
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Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
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