The borrowers are brothers in the medical and IT fields who invested in a commercial property to lease & rent out. First Bridge Lending refinanced the two-story mixed-use property with retail spaces on the first floor and residential space on the second floor located in downtown Mountain View, CA. The borrowers purchased the property in 2014 for $3,675,000 and invested $250,000 in upgrades. The property is fully occupied with a 3-5-year NNN leases with annual increases.

The loan amount totaled $3,300,000 at 53% LTV for a 12-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their refinance on their commercial property.

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 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