$1,813,500 Owner Occupied Bridge Loan in Westlake Village, CA
Loan Amount: $1,813,500
Type: Owner Occupied Bridge Loan
Term: 12 months
The borrowers are a professor and security architect in the tech industry. Due to work environments moving to remote platforms the borrowers decided to relocate out of California. First Bridge Lending used the equity in their current home to provide a loan that will allow them to put a down payment on an out-of-state new home. They will sell their current home to pay off the loan.
The loan amount totaled $1,813,500 at 65% LTV for a 12-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding to purchase their new home.
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Over 2,000 loans totaling more than $1.35 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
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