The Broker's Lender
Do you have a client who needs funding
from a direct private money lender?
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.
- We protect your fees on the HUD statement
- $200K to $5 Million
- Up to 75% loan to value ratio
- Get funded in 5 to 7 days
- Over 10 years experience
Our Hard Money Lending Guidelines
| Interest Rates: | Starting @ 9.75% (interest only) |
| Closing Time: | 5 to 7 Days |
| Location: | Anywhere in California |
| Loan-To-Value : | Up to 75% LTV |
| Amounts: | $200K to $2M |
| Origination Fee: | 2 to 3 points, dependant on size and term |
| Lien Positions: | First Trust & Second Trust Deeds |
| Underwriting Fee: | $1500 |
| Loan Term: | 6 to 60 months (extensions available) |
Property Types
- Single-family & Multi-family Investment Properties
- Condominiums
- Retail Centers
- Office Buildings
- Industrial & Warehouse
- Hotels & Motels
- Healthcare & Assisted Living Facilities
- Special Purpose & Mixed Use
- Parking Garages & Lots
Broker Referral FAQ
For Brokers
Is It Okay if I Charge 5 Points?
We expect you to be rational.
Where do you lend?
We are based in Los Angeles and primarily lend in California. However, we are open to lending in major cities across the USA if the deal is right.
What Initial Information Is Required?
Borrowers experience, purchase agreement, scope of work (if fix and flip or construction loan), and FICO score.
Why Should I Work With You?
We are a transparent lender with competitive rates and typically fund loans in 5 to 7 days. We have experience funded hundreds of millions of dollars in the last decade. When you work with us you gain a long term business partner.
Our Lending Process
How Fast Can I Expect My Money?
From start to finish, the approval process can take as little as 5 to 7 business days.
How Do You Determine Rate?
Rates are determined by:
- the underlying value of the asset
- the location of the asset
- how much the borrower is putting down
- credit score
- additional sources of income
- property type
How Do You Value a Property?
We do your own analysis from recently sold comparable properties as well as have an appraiser visit the property.
What Is the Approval Process?
The approval process involves a brief phone 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 and if you accept, you will receive the funds in your account.
What if My Credit Score Is Low?
While credit score is a factor, bad credit is not a deal breaker as many factors are considered:
- experience in the fix and flip industry
- additional sources of income
- most importantly, the underlying value of the hard asset
Are There Any Types of Hard Money Loans You Don’t Fund?
Crescent Lenders does not fund land, ground-up construction or owner-occupied projects.
Our Lending Guidelines
What Is Your Max LTV?
Our maximum loan-to-value ratio is 75%.
How Much Can I Lend From Crescent Lenders?
Our loans start at $200K and go up to $2 million dollars.
What Property Types Do You Lend On?
We fund most property types, including:
Residential
- Multi-family Investment Properties
- Single-family Investment Properties
- Condominiums
Commercial & Retail
- Retail Centers
- Office Buildings
- Hotels & Motels
- Healthcare & Assisted Living Facilities
Industrial
- Industrial & Warehouse
- Parking Garages & Lots
- Special Purpose & Mixed Use
What Lien Positions Do You Fund?
We fund both First Trust & Second Trust Deeds.
What Term Lengths Do You Offer?
6 to 60 months, (extensions are available)
What Fees Do You Charge?
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.
Suite #116, 999 Overland Ave
Los Angeles, California
90064
Los Angeles, California
90064