The borrower is a principle at a marketing firm and was looking to downsize. First Bridge Lending provided an owner occupied bridge loan, which allowed the borrower to access the equity in their current 4-bedroom 3-bathroom residence in San Francisco, CA to purchase their new 3-bedroom 2-bathroom home in Pacifica, CA. They have their current residence listed and the sale of their current home will pay off the loan.

The loan amount totaled $1,540,000 at 37% 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.

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