$2,200,000 Cross Collateral Loan in San Francisco & San Diego, CA

Loan Amount: $2,200,000

LTPP: 70%

Type: Cross Collateral Loan

Term: 12 months

The borrowers are a contractor and a broker who collectively own several properties, including two rentals. First Bridge Lending provided financing for the borrowers to purchase a San Francisco 2 unit property by using equity from their San Diego rental condo as additional collateral. The borrowers purchased the San Francisco rental for $2,305,000 and will invest $250,000 in remodeling costs before renting the units.

The loan amount totaled $2,200,000 at 70% LTV for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding to purchase their new rental property.  

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 and commercial properties
CA Licensed: CFL, DRE, NMLS

Related Deals

Acquisition Loan in San Carlos, CA
65% LTPP
12 months

Refinance Loan in Vallejo, CA
23% LTV
12 months

Acquisition Loan in Manteca, CA
70% LTPP
6 months

First Bridge Lending