$700,000 Owner Occupied Bridge Loan in Santa Rosa, CA
Loan Amount: $700,000
Type: Owner Occupied Bridge Loan
Term: 12 months
The borrower inherited the property they live in and are listing it for sale. They turned to First Bridge Lending for an owner occupied bridge loan, which allowed the borrower to access the equity in their current residence in order to use the loan proceeds to purchase their new home out of state. The subject property is in good condition located in a nice rural subdivision.
The loan amount totaled $700,000 at 44% 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.
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 and commercial properties
CA Licensed: CFL, DRE, NMLS