CRE Bridge Loan for Industrial Property Purchase in Riverside, California

Funded by First Bridge Lending CRE


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
Property City


Property State


Loan Term (months)


Lien Type

1st Trust Deed

Payment Type

Interest Only

Purchase Price


Loan-to-Purchase Price


Borrower's Contribution to Purchase


Source of Borrower's Contribution


Location Type


Property Condition

Brand New Build

Occupancy at Closing


Borrower's Plan

Lease Property

Exit Strategy


Borrower Credit Rating


Deal Highlights

Quick Close in 10 days.
No Prepay Penalty.
No Appraisal Required.

Deal Summary

First Bridge Lending, a direct private mortgage lender, provided a $2,000,000 bridge loan to secure the acquisition of a newly built industrial property in Riverside, CA. We funded 65% of the $3,060,000 purchase price in 1st lien position, and the Borrower contributed 35% cash at closing. The Borrower was less than two weeks out from close when the bank lender changed the terms of the loan. They were initially planning to acquire using SBA financing but received an offer from a strong tenant and decided to lease. The Borrower needed to quickly pivot to meet his purchase contract date and not forfeit his non-refundable deposit. First Bridge Lending was able to quickly step in and provide the purchase loan needed to close on time. The subject property was newly built and vacant at closing. The Borrower plans to lease the property and eventually refinance with a conventional loan as an exit strategy. The loan term was set at 6 months. This CRE bridge loan was funded in April 2021.

Funded By

First Bridge Lending CRE

Fast CRE Bridge and Value-Add Loans | No Appraisal Required