$850,000 Acquisition Loan in San Francisco, CA
Loan Amount: $850,000
Term: 9 months
The borrower wanted to purchase a property in the hub of a commercial area in San Francisco as a rental property. They came to First Bridge Lending for funding in order to complete a reverse 1031 exchange as part of the purchase. The borrower plans to complete repairs, refinance the property, and keep it long-term as a rental property.
The loan amount totaled $850,000 at 50% LTPP for a 9-month term. First Bridge Lending agent Hannah Edwards facilitated this deal and helped the client secure funding for their rental purchase.
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