$300,000 Refinance Loan in Emeryville, CA

Loan Amount: $300,000

LTV: 40%

Type: Refinance

Term: 6 months

The borrower purchased this property in 2014 for $520,000 and needed to pay off a loan that was maturing with another private money lender. They also needed cash to finish renovations on the property and remodel all four units before re-leasing. They came to First Bridge Lending for help, and we closed within 7 days.

The loan amount totaled $300,000 at 40% LTV for a 6-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client secure funding to complete renovations on their rental 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 2,000 loans totaling more than $1 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, BRE, NMLS

Related Deals

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The borrower is a full-time investor who purchased this property in 2014 for $520,000. They recently evicted the tenants and will be completing a remodel of all 4 units before re-leasing for an estimated gross rent of $8,000/month.

43% LTV – Refinance
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The borrower was an experienced landlord seeking cash for both business use and investments. They purchased the property—a retail strip center and parking lot—in 1988 for $1.27M.

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The borrower is a homeowner in Tiburon who needed to pull cash from their vacant home, which was being prepared for sale.

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