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Crescent Lenders Funds

$75K 1st Position Private Money Loan

Riverside, Los Angeles

About The Deal

Our borrower in Beaumont, California had recently acquired a home for $200,000 cash and was in need of $75,000 to do a complete remodel. 

The borrower owns multiple investment properties and also has a good credit score. 

The loan-to-value was strong coming in at under 50%.

The interest rate at 10% was adjusted from our current 9.0% average due to the location of the property. 

Repayment will be made within 12 months but since the average fix-and-flip takes 6 months the payment could come much sooner. 

Ultimately the 1st position private money loan was funded based on the strong equity position and the borrower’s strong credit.

Single-family Home in Riverside, Los Angeles
Amount
$75,000
Location
Riverside, Los Angeles
Rate
10.0%
LTV
50.0%
Term
12 months
Type
Cash-Out
Residential
Single-Family Home
Exit Strategy
Sell the property

Looking for a Cash-Out Loan Near Riverside?

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.

Private money loans can be an advantageous alternative form of financing for real estate investors, especially those in a competitive market like California.

Whether you need a private money loan to purchase a distressed property in Temecula that won’t qualify for a bank loan or found a great vacation rental property in Palm Springs, checkout our bridge loan rates in California.

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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.).