The borrower was an experienced landlord seeking cash for both business use and investments. They purchased the property—a retail strip center and parking lot—in 1988 for $1.27M. Proceeds from the loan will cure cash-flow problems due to recent tenant issues, as well as provide capital for investments.

The loan amount totaled $1,300,000 at 43% LTV for a 12-month term. First Bridge Lending agent Christopher Carey facilitated this deal and helped the client secure funding.

Why FBL
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