Los Angeles Hard Money Loan

An LLC owned by 2 business partners was in need of a $1.5 hard money loan.

One of the business partners loaned the LLC $1.5 million over the past two years to make improvements to all 5 properties in the LLC (from permits, architectural, hard costs to expand square footage and extensive full remodels). 

This hard money loan will be assumed by the LLC and used to repay the business partner.

The lease income for the previous year totaled approximately $70,000 per month for all 5 properties. 

There are 2.5 years remaining on the existing lease agreements and over $30,000 per month of NET cash available to service the proposed loan. 

The existing 1st trust deed debts are all bank loans at fixed interest rates under 5.0%. 

The property taxes are included in the existing 1st trust deed mortgage payments. 

After the debt service on 1st trust deed mortgages – the leases generated over $30,000 per month. 

This loan will be personally guaranteed by one of the business partners and the leases will remain in place throughout the two-year life of this loan. 

$1,500,000
Amount
12 Months + 12 Months Option
Length
60
LTV
11.99
Rate
Refinance
Type
Commercial
Multi-Family Apartment Complex
Exit Strategy
Sell the property

Do you need a hard money lender in Los Angeles?

Private money loans can supplement traditional lending where credit might not be available or restricted.

Crescent Lenders, a direct California private money lender, may offer a financing solution to projects that have been rejected by other banks. 

We are committed to meeting the needs of real estate investors and would love to hear more about your project!

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
Phone
213-474-3131
  • California
  • Los Angeles
  • San Diego
  • San Francisco

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.).

Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064