Los Angeles Private Money Loan for Triplex Purchase

The borrower needed a hard money loan for the purchase of this triplex which consists of three oversized units in the West Adams part of Los Angeles, located near The University of Southern California. 

The property is very well located and in a strong rental demand market. 

The borrower is an experienced investor with a very good track record and has been a Crescent Lenders client for over 4 years. 

There will also be a 2nd position bridge loan for $164,000 by a different private money lender. 

The buyer put down 15% (making some light improvements) and will refinance or sell the property within 4-12 months.

$535,000
Amount
12 Months
Length
65
LTV
9.15
Rate
Purchase
Type
Residential
Multi-Family Apartment Complex
Exit Strategy
Sell the property

Considering a Los Angeles Hard Money Loan?

If you need a bridge loan for a buy-hold property in Pasadena, or if you want to purchase a distressed property in West Hollywood with the intention of gutting and renovating it- Crescent Lenders can help get the finance that's right for your needs.

Interested in financing? Contact our team to discuss the options 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