$515,000 SFR Primary Residence Purchase in Petaluma, CA

Loan Amount: $515,000

LTV: 60%

Type: Acquisition Financing

Retired borrowers had found their next primary residence, but did not have the down-payment funds to execute the purchase. Their broker turned to Christopher Carey, who structured a bridge loan that used the existing equity in their current residence to purchase the new residence. The borrower and broker were thrilled with the simplicity and reliability that the First Bridge Lending team provided, and they were able to make their purchase offer with confidence. The loan closed, with no problems or delays, in less than 10 days. The buyers have already moved into their dream home and are prepping their old home for sale.

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 2,000 loans totaling more than $1 billion closed since 2012
Funded loans from $100,000 to $5 million on residential and commercial properties
CA Licensed: CFL, BRE, NMLS

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