$536,250 Commercial Loan in Costa Mesa, CA
Loan Amount: $536,250
Type: Commercial Loan
Term: 12 months
The borrower is the President of an investment and planning firm primarily for commercial real estate. The property is 2,000 sq. ft. office space with 600 sq. ft. storage space zoned for light manufacturing with a ground level door. First Bridge Lending provided financing to payoff the borrower’s conventional loan.
The loan amount totaled $536,250 at 55% LTV for a 12-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their refinance on their commercial property.
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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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