$2,762,500 Acquisition Loan in San Carlos, CA

Loan Amount: $2,762,500

LTPP: 65%

Type: Acquisition

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.

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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