The borrower acquired a 1,410 sq. ft. 2 bedroom, 2 bathroom home on a 9,400 sq. ft. lot in Covina, California for $525,000.
Due to multiple offers the buyer had to go over the asking price.
Over the past two years, Crescent Lenders has provided the borrower with numerous private money loans for the purchase of six separate properties.
The subject property will be a light remodel and then resold for a profit.
The borrower put down 35% of the purchase price and Crescent Lenders supplied the remainder of the funds to complete the transaction.
Maybe you need a 1031 exchange bridge loan or an inheritance probate loan, whatever your circumstances, Crescent Lenders is ready to help.
Our private money loans can provide a competitive edge for real estate investors in any market, especially 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, 90064