$280,000 Cross-Collateral Loan in Stockton, CA

Loan Amount: $280,000

LTV: 63%

Type: Cross-Collateral

This inexperienced borrower owned their home free and clear and was looking to purchase their first investment property to flip and re-sell. They had contacts that would help with the flip, but they didn’t have enough liquidity to purchase the property. Their broker turned to a First Bridge Lending originator who structured a cross-collateral business-purpose loan to help the borrower purchase their first investment property.

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 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

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