$1,450,000 Owner Occupied Bridge Loan in Los Angeles, CA
Loan Amount: $1,450,000
Type: Owner Occupied Bridge Loan
Term: 12 months
The borrowers are retired and selling their current CA residence to move out of state. A stand alone owner occupied bridge loan from First Bridge Lending allowed the borrowers to access the equity in their current home to pay cash for a new out of state primary residence. Their current home is 4-bedroom and 2-bathroom SFR located in the Eagle Rock area east of Glendale in Los Angeles, CA. The sale of the Los Angeles, CA SFR will payoff the loan.
The loan amount totaled $1,450,000 at 57% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their new home.
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Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
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