$390,000 Acquisition Loan in Truckee, CA
Loan Amount: $390,000
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.
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FBL Track Record
Over 2,000 loans totaling more than $1.35 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
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