$1,100,000 Flip Loan in Oakland, CA
Loan Amount: $1,100,000
Type: Flip Loan
Term: 9 months
The borrower is a full-time developer who wanted to pay off a maturing construction loan. Upon completion of the construction, the borrower came to First Bridge Lending to refinance their loan while listing the property on the market. The property is a newly built 3-story SFR with views of San Francisco, the Golden Gate Bridge, and the Bay Bridge.
The loan amount totaled $1,100,000 at 65% LTV for a 9-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their 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