$1,100,000 Flip Loan in Oakland, CA

Loan Amount: $1,100,000

LTV: 65%

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.

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 and commercial properties
CA Licensed: CFL, DRE, NMLS

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