$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 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

CA Licensed: CFL, DRE, NMLS

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