$8,435,000 Commercial Loan in San Francisco, CA
Loan Amount: $8,435,000
Type: Commercial Loan
Term: 12 months
The borrower is an experienced investor and landlord expanding their real estate portfolio. With a cross-collateral cash-out refinance loan from First Bridge Lending, the borrower received the required short-term capital to acquire another investment property. The loan was secured by three properties: a renovated 12-unit TIC in an average San Francisco neighborhood, and two 6-unit residential buildings that the borrower plans to renovate in the Mission District.
The loan amount totaled $8,435,000 at 60% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their next commercial investment property.
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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