$6,000,000 Commercial Loan in La Jolla, CA
Loan Amount: $6,000,000
Type: Commercial Loan
Term: 24 months
The borrower is a real estate investor with experience in commercial development in Southern California. They came to First Bridge Lending to secure financing for their next commercial purchase. The mixed-use property is a corner lot in downtown La Jolla, CA comprised of 15,560 sq ft of ground floor retail space and 11,166 sq ft of second floor office and retail space.
The loan amount totaled $6,000,000 at 60% LTPP for a 24-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding for their commercial property purchase.
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 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, DRE, NMLS