$426,000 Acquisition Loan in Castro Valley, CA

Loan Amount: $426,000

LTPP: 71%

Type: Acquisition

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.

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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