Crescent Lenders is a direct private money lender you can trust to work quickly for you and your client.
We primarily lend in California, but also entertain deals from other major cities across America.
Mortgage brokers, bankers and hard money lenders are all welcome partners.
We usually charge 2 points (depending on the size of the loan). This leaves enough room for you as the broker to get paid, and allows your client to get the funding they need to succeed.
Reputation is everything, come work with a lender you can trust, today and tomorrow.
Rates as Low as 9.75%
75% LTV
Trusted 5-Star Rating on Google
Anywhere in California
Direct Lender, Not a Broker
$200K to $2M
No Upfront Fees
Self-Employed or Foreign National
Pre-Approval in Hours, Funding Within Days
We expect you to be rational.
We are based in Los Angeles and primarily lend in California. However, if the deal is right, we are open to lending in major cities across the USA.
Borrowers' experience, purchase agreement, the scope of work (if fix-and-flip or construction loan), and FICO score.
We are a transparent lender with competitive rates. We typically fund loans in 5 to 7 days. In the last decade, we have funded hundreds of millions of dollars. When you work with us, you gain a long-term business partner.
From start to finish, the approval process can take as little as 5 to 7 business days.
Rates are determined by:
We will do your analysis from recently sold comparable properties and have an appraiser visit the property.
The approval process involves a brief call with Russ to collect general background information regarding your financing needs and history.
After this pre-approval phone call, your information will be verified through our underwriting process.
Once verified, we will send you a term sheet. If you accept, you will receive the funds in your account.
While credit score is a factor, bad credit is not a deal breaker, as many factors are considered:
Crescent Lenders does not fund land, ground-up construction, or owner-occupied projects.
Our maximum loan-to-value ratio is 75%.
Our loans start at $200K and go up to 2 million dollars.
We fund most property types, including:
Residential
Commercial & Retail
Industrial
We fund both First Trust & Second Trust Deeds.
6 to 60 months, (extensions are available)
We do not require any upfront fees but charge 2 to 3 points, depending on the size and term length of the loan, and a $1500 underwriting fee.