Los Angeles Bridge Loan for Single-Family Home Acquisition

The buyer purchased a 1163 sq. ft. 4 bedroom, 2 bathroom home in Baldwin Park for $440,000.

The borrower recently sold two properties in Los Angeles resulting in net proceeds of $2.0 million.

They have been reinvesting the proceeds into various purchases of single-family homes (1031 exchange).

Some properties are being acquired and then fixed and flipped for a profit while other properties are being rehabbed and held onto for cash flow.

Crescent Lenders has worked with this borrower on numerous deals over the past 5 years, all with a positive experience.

The total bridge loan amount is $240,000.

The loan to value is good at 55%, based on a sales price of $440,000, making this a perfect private money loan for us to fund.

$240,000
Amount
12 Months
Length
55
LTV
8.75
Rate
Purchase
Type
Residential
Single-Family Home
Exit Strategy
Refinance

Looking for a Los Angeles Private Money Lender?

Did you come across the perfect home to convert into an Airbnb vacation rental in Malibu or perhaps you want to pull some cash out of your apartment complex in Santa Monica to make repairs before selling, a California hard money loan can be the perfect solution to your short-term funding needs.

Hard money loans require little documentation, can be funded much faster than traditional bank loans and focus more on the collateral asset than a borrower's credit score or income.

Come see why Crescent Lenders is the most trusted and reliable private money lender in California!

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