The borrower is a new investor who wanted to flip their now-vacant former residence. They purchased the property for $1,470,000 in 2014 and have spent $160,000 on renovations. First Bridge Lending provided a loan that would allow the borrower to complete renovations to sell the finished property. The borrower expects to sell the SFR for at least $2,000,000.
The loan amount totaled $1,060,000 at 65% LTV for a 6-month term. First Bridge Lending originator Christopher Carey facilitated this deal and helped the client secure funding for their flip 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 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