$320,000 Owner Occupied Bridge Loan in Santa Rosa, CA
Loan Amount: $320,000
Type: Owner Occupied Bridge Loan
Term: 12 months
Upon retirement, the borrower was looking to downsize by selling their home in Redwood City and purchasing a smaller home in Santa Rosa. With an owner occupied bridge loan from First Bridge Lending, they were able to purchase a home in a premium condominium community for $610,000, and the proceeds from the sale of their Redwood City residence will pay off the loan.
The loan amount totaled $320,000 at 52% LTPP for a 12-month term. First Bridge Lending originator Louis Bardis facilitated this deal and helped the client secure funding for their new residence purchase.
Quick process puts you in touch with decision makers
In-house underwriting, no appraisal required
FBL Track Record
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
CA Licensed: CFL, DRE, NMLS