$426,000 Acquisition Loan in Castro Valley, CA
Loan Amount: $426,000
Term: 9 months
The borrower owns 5 properties in total, 3 of them free and clear, and came to First Bridge Lending for financing to purchase a new rental property. First Bridge Lending provided funding for the borrower to secure the purchase and complete necessary renovations on the dated property before refinancing with a conventional loan.
The loan amount totaled $426,000 at 71% LTPP for a 9-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding to purchase their new rental.
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FBL Track Record
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
CA Licensed: CFL, DRE, NMLS