$2,000,000 Refinance/Flip Loan in Belvedere, CA
Loan Amount: $2,000,000
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.
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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
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