$1,300,000 Refinance Loan in Santa Clara, CA

Loan Amount: $1,300,000

LTV: 43%

Type: Refinance

Term: 12 months

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.

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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
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