$2,000,000 Refinance/Flip Loan in Belvedere, CA

Loan Amount: $2,000,000

LTV: 38%

Type: Refinance/Flip

Term: 12 months

The borrower is an experienced developer who has completed major renovations on 4 Marin County homes in the last 24 months. They purchased this 1.23-acre parcel in a premium neighborhood with views of San Francisco, CA and the Golden Gate Bridge. They have secured permits and entitlements for a 12,500 SF home with a boat dock and waterfront casita.
The loan amount totaled $2,000,000 at 38% LTV for a 12-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client secure funding to pay off a matured loan before obtaining construction financing.

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, BRE, NMLS

Related Deals

16% LTV – Refinance - Flip
12 months

The borrower is an experienced investor and full-time developer. They purchased the parcel on a busy street close to Santa Clara University for $1,300,000 and have invested $2,500,000 in building 3 new single-family homes on a subdivided lot.

31% LTV – Refinance - Flip
12 months

The borrower is an experienced investor who has been a full-time landlord for more than 25 years, and they were seeking cash for business expenses and capital improvements.

50% LTV – Refinance - Flip, Renovation Draws
12 months

Borrower purchased property with 2 single-family homes for $1.25M and invested an additional $1.2M in constructing 3 new single-family homes.

First Bridge Lending