$680,000 Owner Occupied Bridge Loan in Pebble Beach, CA
Loan Amount: $680,000
Type: Owner occupied bridge
Term: 12 months
The borrower wanted to purchase a new residence in a desirable Pebble Beach location. They came to First Bridge Lending for an owner occupied bridge loan, which allowed them to access the equity in their current residence in order to purchase the new property. They will sell their current home to pay off the loan.
The loan amount totaled $680,000 at 50% LTPP for a 12-month term. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their new home purchase.
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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