Alameda County Private Money Loan for Single-Family Home
The borrower requested a $1.4 million hard money loan to purchase a 5 bedroom, 3 bathroom single-family residence with 3,510 sq. ft. in Berkeley, California.
The purchase price was $2.1 million and the buyer put down $700,000 plus closing costs.
Once small improvements are made, the property will be staged and resold.
The borrower expects to have this property resold and the loan paid off within 3-4 months.
The subject property is located near The UC Berkeley campus and is therefore in a fantastic rental market.
The most recent tenants of the home were UC Berkeley students.
Our borrower is a repeat client and has proven to have a keen ability to buy and resell properties for a profit.
- $1,400,000
- Amount
- Location
- Berkeley, Los Angeles County
- 12 Months
- Length
- 66
- LTV
- 9.00
- Rate
- Purchase Financing
- Type
- Residential
- Single-Family Home
- Exit Strategy
- Fix-and-Flip
Searching for a Northern California Hard Money Loan?
Did you find the perfect location for an assisted living facility in San Francisco or perhaps you need to refinance a bridge loan coming due in San Jose, whatever the case, Crescent Lenders will prove why we are the best private money lenders in California.
If you're looking for California real estate financing, connect with us!
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
info@crescentlenders.com
213-474-3131
Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064