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.
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.
