$950,000 Commercial Loan in Rancho Cordova, CA
Loan Amount: $950,000
Type: Commercial Loan
Term: 12 months
The borrowers are business owners and have been in the luxury auto business for over a decade. First Bridge Lending provided them with financing to purchase a commercial property, permitted for auto-dismantling. The property is 2 contiguous parcels totaling over 3 acres, including a 5,000 sq ft warehouse with a 16 ft high roll up door and an 800 sq ft office. Property has clean Phase 1. The borrowers plan to use cash flow from their businesses to gradually pay off the loan.
The loan amount totaled $950,000 at 50% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis 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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