Crescent Lenders Funds
$650K Assisted Living Facility Hard Money Loan
Culver City, Los Angeles
About The Deal
Crescent Lenders funded the purchase of a 3-bedroom, 2-bathroom, 1440 sq. ft. house in Culver City, Los Angeles.
The home was purchased by a real estate investment company that transformed the property into an assisted living facility.
This particular company has extensive experience in operating assisted care facilities throughout Southern California.
The borrower put down $600,000 and Crescent Lenders provided the remaining $650,000 via a hard money loan.
These numbers translate into a loan-to-value ratio of 52%, meaning a low amount of risk in the event something goes wrong.
The combination of a low loan-to-value ratio, fantastic property location and the borrower’s past successful track record, made this loan a great investment for Crescent Lenders.
Once the assisted living facility is renovated and operational, the borrower plans to sell the property and business as his exit strategy from the hard money loan.
$650,000
Culver City, Los Angeles
8.0%
52.0%
18 months
Purchase
Assisted Living Facility
Sell the property
Looking for a Purchase Loan Near Culver City?
Crescent Lenders is a top rated private money lending company providing loans in and around The Los Angeles area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
Whether you need a probate loan to manage an inherited property in the prestigious Beverly Hills area, or funding for a fix and flip loan for the up-and-coming area of Inglewood, our team of experts can help guide you through the process and provide the financial support you need.
Want to know more about our financing options? Find out why we are the best hard money lenders in Southern California.
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