The borrowers were retired following the sale of a manufacturing business and were relocating to California from Nevada. First Bridge Lending was able to provide a stand-alone owner-occupied bridge loan for the borrowers to purchase their new residence in California. The subject property is a luxury home in a small subdivision with ocean views and within walking distance to the beach. The owner-occupied bridge loan allowed the borrowers to purchase their new residence without the contingency of their current house selling. They will sell their current home to pay off the loan.

The loan amount totaled $2,418,900 at 65% LTPP for a 12-month term. First Bridge Lending originator Brian Haines facilitated this deal and helped the clients 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