$390,000 Acquisition Loan in Truckee, CA

Loan Amount: $390,000
LTPP: 60%
Type: Acquisition Loan
Term: 6 months
The borrower is an experienced investor interested in purchasing another rental property in Truckee, CA. They came to First Bridge Lending seeking financing for a 2-story corner unit in a 4-unit HOA behind the Tahoe Donner ski area. The seller received a higher offer but chose this one because of how quickly FBL could provide funding. The 3-bedroom, 2-bathroom property features upgraded floors, paint, appliances, kitchen, and fireplace, and will continue the borrower’s 20+ years of experience owning Tahoe rental properties.
The loan amount totaled $390,000 at 60% LTPP for a 6-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure fast funding to purchase the property.
Why FBL
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 and commercial properties
CA Licensed: CFL, DRE, NMLS
