The borrowers are experienced flippers who own a construction company and have flipped over 10 homes in the last 36 months. First Bridge Lending refinanced their 4-bedroom, 3-bathroom SFR located in Fremont. These repeat borrowers originally purchased the property for $899,900 and are investing $105,000 in remodeling costs to resell for $1,295,000.

The loan amount totaled $640,000 at 71% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their latest flip 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