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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.

Interior of a Bathroom in a Residential Condominium in Pasadena, Los Angeles
Amount
$950,000
Location
Pasadena, Los Angeles
Rate
8.3%
LTV
50.0%
Term
12 months
Type
Bridge
Residential
Condominium
Exit Strategy
Refinance

Looking for a Bridge Loan Near Pasadena?

Crescent Lenders is a top rated private money lending company providing loans 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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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
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, cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders

Suite #116, 999 Overland Ave

Los Angeles, California

90064

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.).