Private Money Loan for Single-Family Fix-and-Flip in Arcadia, California

The borrower acquired the subject property in late 2017 for $1,250,000. 

This borrower is very active in the Los Angeles real estate market and performs over 50 home fix-and-flips per year. 

With over 25 years of experience in the home renovation business, this company has a vast network of brokers and banks to help them acquire properties at wholesale prices. 

Approximately $350,000 was invested in the remodel/upgrade of the home. 

The owner was leasing the property however the tenant has not worked out. 

Consequently the owner/borrower has decided to list the property for sale – listing price approximately $1,500,000. 

The borrower’s existing bridge loan was coming due and Crescent Lenders was able to refinance the borrower expiring loan to hold them over until the sale of the home is completed.

$1,100,000
Amount
12 Months
Length
73
LTV
9.00
Rate
Refinance
Type
Residential
Single-Family Home
Exit Strategy
Sell the property

In the Market for a Los Angeles Hard Money Loan?

If you have found a home in Pasadena to purchase, need to get cash out of commercial property in Santa Clarita or would like to refinance an expiring hard money loan in Long Beach, all your California private money needs can be solved by Crescent Lenders.

If you are looking for a hard money loan or would like to learn more about Crescent Lenders, call us today.

We Can Deliver Rapid Financing

Between $200k and $5 million dollars

Nationwide private lender (not a broker, avoid the extra fees)

Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges and cash-out

All types of investment properties considered, residential, commercial and industrial



Crescent Lenders

2999 Overland Ave, Suite 116
Los Angeles, California
Phone
213-474-3131
  • California
  • Los Angeles
  • San Diego
  • San Francisco

Disclaimer: Crescent Lenders, DBA CrescentLenders.com ("CL") is a California licensed broker under California Bureau of Real Estate License No. #01792267. Regardless of this license, CL considers itself a “finder” for purposes of applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).

Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064