Los Angeles County Hard Money Loan

The borrower purchased a single-family residential property in Ontario, California for $575,000.

The buyer only put down 20%, so due to the high loan-to-value, we requested and received additional cross collateral from a property in Glendale with approximately $500,000 in equity.

Between both properties there was $600,000 in equity which was greater than the bridge loan amount of $460,000.

The borrower has an excellent credit score of over 800 and expects to refinance and pay off this loan with a traditional mortgage in about 3-6 months (this was a 12 month private money loan).

$460,000
Amount
12 Months
Length
50
LTV
9.00
Rate
Purchase Financing
Type
Residential
Single-Family Home
Exit Strategy
Refinance with bank

Looking for a California Private Money Lender?

Millions of Californians do not qualify for a traditional bank loan, don’t let this deter you from buying your dream property.

A California hard money loan is a great source of alternative financing to implement strategies such as fix-and-flips, brrrr method or buy and hold.

Contact us today to see how we can assist with your borrowing needs.

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