Recent Fundings: Bridger Fund Closes Three New Transactions
Bridger Fund closed three transactions this week, representing $4,650,000 in total loan value and encompassing California properties in Albany, Santa Barbara and Sacramento. Each transaction reflects Bridger’s continued commitment to providing fast, flexible capital for borrowers navigating transitional financing needs across the state and beyond.
Transaction 1 — Albany, CA
- Property Type: Single-Family Residence
- Location: Albany, CA
- Loan Amount: $350,000
- LTV: 26%
Bridger Fund recently closed a $350,000 first-mortgage bridge loan with an estimated 26% LTV. The loan is secured by a single-family residence in Albany, CA, originally built in 1932. This home has been owned by the borrower for over three decades and, most recently, operated as a rental property. The borrower is now embarking on a targeted renovation program to modernize the home and prepare it for sale. Renovations are expected to be completed quickly so the property can be listed for sale.
Transaction 2 — Santa Barbara, CA
- Property Type: Mixed-Use
- Location: Santa Barbara, CA
- Loan Amount: $3,000,000
- LTV: 46%
Bridger Fund recently closed a $3,000,000 first mortgage bridge loan secured by a mixed-use retail and residential property in the heart of downtown Santa Barbara. The property is currently undergoing a comprehensive remodel that will deliver four ground-floor retail suites and two residential condominium units on the upper floor. Loan proceeds were used to retire an existing loan, giving the borrower time to complete a remodel and stabilize the property for a permanent financing takeout. At 46% LTV on a combined appraised value of $6,500,000, the loan carries a significant equity cushion in one of California’s most desirable coastal markets.
Transaction 3 — Sacramento, CA
- Property Type: Retail
- Location: Sacramento, CA
- Loan Amount: $1,300,000
- LTV: 43%
Bridger Fund recently closed a $1,300,000 first mortgage bridge loan secured by two cross-collateralized properties. The borrower was a repeat developer client who used the funds to complete the acquisition of a freestanding retail property being repositioned under a new 15-year NNN lease. The combined collateral value of $3,024,000 results in a blended LTV of approximately 43%, providing a meaningful equity cushion across both assets.
These three transactions highlight Bridger Fund’s ability to move quickly and with certainty of execution across a diverse range of property types, geographies, and borrower needs. Bridger Fund continues to deliver short-term capital solutions that support borrowers as they execute their business plans and position their assets for long-term success.
To learn more about Bridger Fund or to submit a loan inquiry, visit bridgerfund.com or contact our team directly.
