Bridge Lender for Commercial Real Estate in the Western Coast

First Bridge Lending, established in 2012, is a direct private lending firm focused on CRE bridge loans in 4 Western States. Our organizational structure and streamlined process make it possible for qualifying loans to close within a few days. We have complete discretion over our funds, produce our own loan documents, and do all our underwriting and servicing in house. Our ability to move quickly and manage loans through their life cycle sets us apart from other lenders.

  • Mortgage Fund Structure – We have full discretion over our capital, free from the external influences. We do not sell our loans.
  • Front-Line Credit – The principals of our firm collaborate to approve each deal, providing our clients with meaningful feedback from the onset.
  • In-House Appraisal – We don’t require a formal appraisal. One of our principals will do the site visit.

We provide bridge financing secured by core commercial properties: Multifamily, Industrial, Retail, Self Storage, Mobile Home Parks, and other properties that don’t have a business component. For examples, we do NOT lend on hotels, gas stations, assisted living facilities, etc. And we do not lend on office buildings, unless the loan-to-value is under 30%.

Please Note: We do NOT offer loans for land development or ground-up construction.

Property Geographic Area Details
Arizona, California, Oregon, Washington
Loan Amounts
$500,000 to $10,000,000
Interest Rates
8.5% to 10%
Loan Terms
6 months to 24 months
Origination Fees
1% to 3%
Lien Position
1st
Collateral Types
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Multifamily: 65%
Max LTP Commercial: 65%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Multifamily: 65%
Max LTV 1st Lien Commercial: 65%
Multifamily Value-Add
Max LTP: 65%
Max LTC: 65%
Max LTARV: 65%
Commercial Value-Add
Max LTP: 65%
Max LTC: 65%
Max LTARV: 65%

Property Types

  • Commercial Condominium
  • Industrial
  • Mixed-Use
  • Mobile Home Park
  • Multifamily
  • Parking Garage
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Retail
  • Storage Facility
  • Student Housing

Loan Types

  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Discounted Note Payoff
  • Note Purchase
  • Reverse 1031 Exchange
We can cross-collateralize in 1st or 2nd lien position, provided that the property has sufficient equity to achieve a 65% LTV.

Max Loan-to-Purchase Price

65%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Equity in Primary Residence
Borrower must contribute 35% of the total project costs (purchase & rehab).

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

2

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

65%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

65.00%

Deposit Required

Good faith deposit requested. The deposit is fully refundable, less expenses incurred (i.e. travel), if we decline the loan. If we approve the loan, the deposit is credited towards closing costs.

Documents Fee

We charge a doc and processing fee ranging from $1,500 - $2,500 depending on deal and ownership structure.

Fees which are mandatory for all new borrower clients

  • Processing Fee
  • Documents Fee

Fees which are paid to a third party company

  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

3

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

yes

We will consider lending to a foreign national that has a US Federal Tax ID number.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Commercial Property

Never

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Legal Disclaimer

FJM Management, LLC DBA First Bridge Lending is licensed by CA DFPI under CFL #60DBO-77543 and FJM Capital, Inc. DBA First Bridge Lending is licensed by CA DRE Broker #01918610 NMLS #958346.

Funded Deals

Get In Touch

First Bridge Lending CRE pays us to be listed, so there is no fee to connect with them directly. Share your loan request, send a simple email, call, or visit their website.

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Founded in 2012, First Bridge Lending specializes in providing fast and creative debt solutions for both commercial and residential property types. With over 100 combined years of lending and investing experience, the principals at First Bridge Lending understand our borrower’s needs and know how to deliver optimal financing solutions.

At First Bridge Lending we combine in-depth industry knowledge and a high level of service to provide the best private lending options for our borrowers. We put you in direct contact with decision makers and local market experts dedicated to your loan, quickly providing meaningful feedback and competitive capital. Our organizational structure and streamlined process make it possible for qualifying loans to close within 3 days. We have complete discretion over our funds, produce our own loan documents, and do all our underwriting and servicing in house. Our ability to move quickly and manage loans through their life cycle sets us apart from other lenders.

We pride ourselves on our in-depth industry knowledge and our integrity. We have funded loans that range from $100,000 to $10,000,000 on residential and commercial properties located in the Western states.  We have closed more than 2,000 loans totaling over $1.5 billion since 2012.

FJM Management, LLC DBA First Bridge Lending is licensed by CA DFPI under CFL #60DBO-77543 and FJM Capital, Inc. DBA First Bridge Lending is licensed by CA DRE Broker #01918610 NMLS #958346

License

CA DRE 01918610, NMLS 958346, CFL 60DBO-77543

Year Established

2012

Office Locations

5341 Old Redwood Highway, Suite 200, Petaluma, California 94954

Primary Capital Source
  • Own Funds
  • Debt Fund We Manage
Loan Structure for Majority of Loans
  • Own Balance Sheet
Percentage of Loans Secured by Commercial Property

100%

Total Loan Volume Funded to Date

$1,499,999,999

Our Team

Brian Haines

Partner

CA DRE Broker Lic. - 01879626
NMLS ID - 2083974

Louis Bardis

Partner

CA DRE Broker Lic. - 01887699
NMLS ID - 372531

Matt Moran

Partner

Michael Joesph

Partner

Get In Touch

First Bridge Lending CRE pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$500,000

What We Do

  • Core Commercial Properties
  • In-House Valuation; no appraisal
  • Low Leverage Loans up to 65% LTV

Not Available

  • NO High Leverage over 65% LTV
  • NO Land or Construction Projects
  • NO Cannabis-Use Properties
  • NO Hotels or Assisted Living

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