Huntington Beach Hard Money Construction Loan

The borrower works as a building inspector supervisor for the State of California and therefore has good working knowledge of construction.

He had all necessary permits and his cousin, who is in the remodel and fix-n-flip business, is managing the project.

Upon purchase, the property was a 2 bedroom and 1 bathroom, 910 sq. ft. home.

The borrower added 391 sq. ft. to the existing structure and a new garage with a 375 sq. ft. studio.

After the expansion, with the additional square footage and studio, the property will

be marketed at a sales price of around $1.0 million.

The property is located in a good area of Los Angeles (adjacent South Pasadena and Alhambra).

The borrower’s good credit and knowledge combined with a great property location made this an attractive bridge loan to fund.

$500,000
Amount
12 Months
Length
75
LTV
8.75
Rate
Construction Financing
Type
Residential
Single-Family Home
Exit Strategy
Sale of subject property

Obtain an Orange County Private Money Loan Today

Perhaps you need a bridge loan for a 1031 exchange transaction in Irvine or are seeking probate financing in Anaheim. No matter what, Crescent Lenders is ready to help with our hard money loans and excellent customer service.

Reach out to us today.

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