Los Angeles Hard Money Loan for Industrial Property
Our borrower purchased a .24 acre property containing a 3,000 sq. ft. concrete block building for $1,575,000 in Los Angeles, California.
The building is zoned commercial/light industrial and was delivered vacant.
The buyer was in negotiations with a prospective tenant for a long-term lease.
The borrower owns two other similar types of buildings and has had a positive experience in this property type and location.
The buyer put down $550,000 toward the purchase, resulting in a loan-to-value ratio of 65%.
We met with the borrower at the property site and were very comfortable with the borrower and the collateral asset.
- $1,025,000
- Amount
- Location
- Los Angeles, Los Angeles County
- 36 Months
- Length
- 65
- LTV
- 9
- Rate
- Purchase Financing
- Type
- Industrial
- Industrial Building
- Exit Strategy
- Refinance
Need a Los Angeles Private Money Loan?
Crescent Lenders has been providing California bridge loans to commercial and residential real estate investors for over a decade.
Whether you need a trust loan for an inherited property in Beverly Hills or you have a hard money loan coming due in Long Beach and need refinance, we would be happy to discuss lending options.
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
info@crescentlenders.com
213-474-3131
Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064