The borrower is a manager of an asset management company and was looking to purchase another investment property. They came to First Bridge Lending to use the equity in their current rental property to finance their new acquisition. Purchased in 2018, the subject property is a 1,211 sq ft condominium with 2-bedrooms and 2-bathrooms. It is in a community close to amenities and is currently leased.

The loan amount totaled $700,000 at 63% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their next investment property.

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 3,500 loans totaling more than $2 billion closed since 2012
Funded loans from $100,000 to $5 Million on Residential/Commercial properties
CA Licensed: CFL, DRE, NMLS