$1,500,000 Refinance Loan in Kenwood, CA
Loan Amount: $1,500,000
Term: 12 months
The borrower is retired from the financial services industry but still involved in the community of Sonoma County. First Bridge Lending provided a refinance allowing the borrower to fix up the property and have extra liquidity through the selling process. The property is a 2,584 sq ft 3-bedroom and 3-bathroom SFR with a pool and 3-car garage on 8.93 acres. It will be listed for $2,899,000.
The loan amount totaled $1,500,000 at 52% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and provided financing to help the client prepare the property to put on the market.
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Over 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
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