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First Bridge Lending CRE

Petaluma, CA·Founded 2012·4 states
First Bridge Lending CRE is a local direct private lender specializing in fast, reliable commercial bridge loans, multifamily value-add financing, and short-term CRE bridge loans across 4 Western states.
First Bridge Lending CRE describing itself

Loan programs

Bridge

$500K – $10M
Term
6 mo – 24 mo
Rate
8.5% – 10%
Amortization
Interest-Only
Maximum leverage
Max LTV 65%Max LTV (cash-out) 65%Max LTC 65%Max ARV 65%Max LTP 65%
Eligible property types
Multifamily (5+)
Term
Rate
Term
Rate
Term
Rate
Term
Rate

Terms & qualification

Typical loan size
$500K – $10M
Typical term
6 mo – 24 mo
Interest rate
8.5% – 10%
Origination / points
1% to 3%
Minimum FICO
620
Lien position
1st
Prepayment penalty
no
Payment structure
Interest Only
Recourse
Sometimes
Closing speed
14 days typical · 3 days fastest
Prepayment structure
None
Cross-collateral
Yes
Equity / JV capital
No
Income documentation
Financial Statements and Loan Application Required. No W-2s or tax returns listed as required. Asset-based underwriting focused on property equity position - max 65% LTV is the primary underwriting constraint. Borrower must contribute a minimum 35% of total project costs on value-add loans.
Borrower entity
Individuals, LLC, LP, and Corporation all accepted. Personal guaranty sometimes required - evaluated case-by-case. Foreign nationals accepted with US Federal Tax ID. Cross-collateralization with equity in other investment properties or primary residence accepted.
Experience required
Experience Required for Value-Add Projects. Rehab/value-add loans require a minimum of 2 prior completed value-add projects. Straight bridge acquisition and refinance loans have no stated experience requirement. Principal site visits replace formal appraisals - deal is evaluated on its merits.

Property types

Lending footprint

Sources

This record was compiled from the public pages below. Figures reflect what each source published when it was retrieved and are not a quote — confirm current terms with the lender.