$160,000 Refinance Loan in Vallejo, CA
Loan Amount: $160,000
Term: 12 months
The borrower owns a custom apparel company and invests in real estate. First Bridge Lending provided a loan using the equity in their current rental property in Vallejo, CA to finance their new out-of-state acquisition. The rental property is a 2-story SFR that has 6 separate living units that are all currently leased.
The loan amount totaled $160,000 at 23% LTV for a 12-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding to refinance their investment property.
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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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