$1,050,000 Owner Occupied Bridge Loan in San Francisco and Emeryville, CA
Loan Amount: $1,050,000
Type: Owner Occupied Bridge Loan
Term: 12 months
The borrower was looking to purchase a condo in Emeryville using their current primary residence in San Francisco as collateral. First Bridge Lending was able to fund 100% of the purchase price of the condo, which allowed the borrower to access all the equity from their current home for the purchase the new residence. We funded the loan in about 10 days, and the sale of the original property will pay off the loan in full.
The loan amount totaled $1,050,000 at 35% LTV for a 12-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their new primary residence.
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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