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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.

Property in Culver City, Los Angeles County
Amount
$650,000
Location
Culver City, Los Angeles
Rate
8.0%
LTV
52.0%
Term
18 months
Type
Purchase
Commercial
Assisted Living Facility
Exit Strategy
Sell the property

Looking for a Purchase Loan Near Culver City?

Crescent Lenders is a top rated private money lending company providing loans 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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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
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, cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders

Suite #116, 999 Overland Ave

Los Angeles, California

90064

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.).