$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. A First Bridge Lending originator facilitated this deal and helped the client secure funding for their rental purchase.
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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 and commercial properties
CA Licensed: CFL, DRE, NMLS