$800,000 Refinance Loan in San Rafael, CA

Loan Amount: $800,000

LTV: 25%

Type: Refinance

Term: 12 months

The borrower is a full-time real estate investor with 20 years’ experience who was looking for a loan on their commercial retail property in order to pay property taxes on other assets in their portfolio. This retail location is in the main commercial area of San Rafael with a current lease by a beauty shop. The borrower purchased the property in December 2017 for $3,225,000.

The loan amount totaled $800,000 with an additional $100,000 advance at 25% LTV for a 12–month term. A First Bridge Lending originator facilitated this deal and helped the client close within a week to secure funding for property tax payments on other properties in their portfolio.

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

Related Deals

Commercial Loan in Rancho Cordova, CA
50% LTPP
12 months

Commercial Loan in La Jolla, CA
60% LTPP
24 months

Commercial Loan in Lynwood, CA
64% LTPP
18 months

First Bridge Lending