Please refer to here for the details http://www.federalhousingtaxcredit.com/2009/faq.php#20
And here .. http://www.nahb.org/fileUpload_details.aspx?contentID=118003 ... then scroll down to question #5.
So based on info from the above links, either state housing finance agencies (HFA) or FHA lenders can provide the bridge loan. The challange is to "find" the lender that would do the bridge loan.
Although you've shared that you are not a low income borrower, you will need to contact the San Diego Housing Finance Agencies (HFA) for recommendation of a lender.
So go here to search for the lenders: http://www.hud.gov/ll/code/llslcrit.cfm
Or here http://www.sandiego.gov/redevelopment-agency/pdf/nofaprograms.pdf ... then scroll down to page 5 for a list of HFA contacts - call them and ask them for a lender recommendation.
I hope the information helps.
Phone: (888) 525-0125... more