The borrowers are retired on a fixed income looking to relocate to a new area in CA. First Bridge Lending provided an owner occupied bridge loan, which allowed the borrower to access the equity in their current 3-bedroom and 3.5-bathroom residence in Novato, CA and their new 3-bedroom and 2.5-bathroom residence in Lincoln, CA. The Novato, CA residence will list for $2,195,000 and will pay off the loan once it sells.

The loan amount totaled $1,500,000 at 49% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure financing for their new home.

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