Crescent Lenders funded the purchase of a 3 bed, 2 bath, 1440 square foot 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 private 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.
Have you found the perfect fix and flip opportunity in Inglewood or maybe you need a probate loan for a property you inherited in Beverly Hills —regardless of your situation, Crescent Lenders is the premier Los Angeles hard money lender ready to assist you.
Our knowledge and expertise of the real estate market makes us the perfect California private money lender for your deal.
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