$1,800,000 Owner Occupied Bridge Loan in Los Angeles and Atherton
Loan Amount: $1,800,000
Type: Owner Occupied Bridge Loan
Term: 12 months
The borrower, an experienced real estate broker and investor, was purchasing a property in West Hollywood and cross-collateralizing their primary residence in Atherton. They needed to close escrow on the new property in a competitive bidding situation, and First Bridge Lending came in to fund the loan quickly in order to secure the property.
The loan amount totaled $1,800,000 at 60% LTV for a 12-month term. First Bridge Lending agent Louis Bardis facilitated this deal and helped the client close escrow on their new home nearly $100,000 below other buyers’ offers by funding the loan in 10 days.
Quick Process puts you in touch with decision makers
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