The borrowers are in the financial industry and interior design industry while flipping houses part-time. They purchased the subject property for $1,172,000 in 2021 and have spent $400,000 on renovations. First Bridge Lending refinanced the 2,039 sq ft SFR with 3-bedrooms and 2-bathrooms located in Sonoma, CA; allowing the borrowers to use equity from the property to recoup rehab expenses while the property is listed.

The loan amount totaled $200,000 at 13% LTV for a 9-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding on their latest flip.

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/Commercial properties
CA Licensed: CFL, DRE, NMLS