Crescent Lenders Funds
$950K Bridge Loan for Luxury Townhome Purchase
Pasadena, Los Angeles
About The Deal
The borrower was seeking short term financing to purchase a $2.2 million dollar residential luxury townhome in Pasadena, California.
The subject property was just over 3,000 sq. ft. and was part of a new residential development.
With a strong monthly income and an excellent FICO score of 770, the buyer was financially capable of making the required monthly interest payments.
The borrower was putting down $1.25 million and needed to borrow $950,000 to complete the purchase.
With a loan-to-value ratio of under 50%, the result is a very stable and secure private money loan.
Lastly, the borrower planned to obtain a traditional bank loan as an exit strategy from the bridge loan.
$950,000
Pasadena, Los Angeles
8.3%
50.0%
12 months
Bridge
Condominium
Refinance
Looking for a Bridge Loan Near Pasadena?
Crescent Lenders is a top rated private money lending company providing loans in and around The Los Angeles area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
Whether you require assistance refinancing an existing private money loan for an investment property in Long Beach or are looking to buy an apartment complex in Brentwood but don't meet the criteria for a conventional bank loan, Crescent Lenders is prepared and capable of fulfilling all your short-term investment financing requirements.
Come see why we are considered one of the premier private money lenders in California.
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