The document is a formal pre‑approval letter dated January 5, 2021 from Iron Bridge Lending, LLC (a private‑money lender based in Portland, OR) addressed to Visionary Development, LLC and VHO Residential, LLC. It authorizes these borrowers to obtain financing for the purchase of single‑family (1‑4 unit) properties located in California, with a maximum purchase price of $3,000,000 per transaction. Iron Bridge Lending commits to fund approved deals within three business days after completing its standard collateral review and receiving a clean title report. The pre‑approval remains valid through December 31, 2021. Contact details for the lender, including phone, fax, email, and website, are provided, and the letter is signed by Managing Director Gerard Stascausky.
Topics
Pre‑Approval Authorization for California Single‑Family Acquisitions
Details the lender’s commitment to provide financing to Visionary Development, LLC and VHO Residential, LLC for eligible properties.
Eligibility Criteria: Property Location, Type, and Price Cap
Specifies that only single‑family (1‑4 unit) properties in California with purchase prices up to $3 million qualify for the pre‑approval.
Funding Timeline, Collateral Review, and Validity Period
Outlines the three‑business‑day funding window after collateral review and clean title, and states the pre‑approval’s expiration date of December 31, 2021.