$4,320,000 Commercial Loan in Lynwood, CA
Loan Amount: $4,320,000
Type: Commercial Loan
Term: 18 months
The borrowers are real estate investors with experience owning and operating commercial real estate. First Bridge Lending provided financing to help the borrowers purchase the industrial property consisting of 4 separate buildings and 1 commercial billboard situated on 1.156 acres and 27,000 sq ft of yard space. The borrowers have various upgrades planned and have pre-leased 3 of the buildings. They will raze the 4th structure and ground lease the corner parcel.
The loan amount totaled $4,320,000 at 64% LTPP for an 18-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the client secure funding for their commercial property purchase.
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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/Commercial properties
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