$147,000 Acquisition Loan in Ukiah, CA

Loan Amount: $147,000

LTPP: 70%

Type: Acquisition Loan

Term: 12 months

The borrowers own four rental properties in Ukiah and were looking to add another to their portfolio. With a loan of $147,000 from First Bridge Lending, they purchased a 3-bedroom, 1-bathroom SFR in a typical Ukiah neighborhood for $210,000. They plan to invest $30,000 in remodeling, then lease the property for $1,750 per month.

The loan is 70% LTPP for a term of 12 months. First Bridge Lending Originator Louis Bardis facilitated this deal and helped the client secure funding for their latest rental 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 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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