First Financial Capital, based in Los Angeles, is a company that offers bridge financing for commercial real estate. The company was founded by Michael Saei. Since its inception in 2004, the company, under Michael Saei's direction, has financed more than $2 billion in property.
First Financial Capital does a lot of work with bridge loans. In essence, a bridge loan is a short-term loan that a loan borrower takes out against a current property and then uses it to help with the financing of another property. Choosing a bridge loan is beneficial for commercial real estate borrowers because the loans are flexible and don't play in to harming the borrower's return on investment on the property.
The types of property the company deals in includes gas stations, office buildings, retail centers, factories, warehouses, nursing homes, residential investment properties, including apartments, and much more. To secure a bridge loan with Michael Saei's company, the loan needs to be in excess of $1 million in California or $10 million outside of California. Saei's company offers one-to-three-year loans at fixed or variable rates. Funding is available in about two weeks, and a borrower only pays interest for one year on the loan.
