Our borrower acquired a light industrial property in San Gabriel, California for $2,500,000.
The purchase was for both real estate and business assets.
Of the $2.5 million, approximately $800,000 was assigned to the business assets and $1.7 million was applied to the real estate asset.
The borrower put 38% down for this purchase and Crescent Lenders provided the remaining funds via a private money loan.
($660,000 for real estate plus $300,000 for business assets = total of $960,000)
The borrower is a high net worth individual with several tow yards throughout Los Angeles County and Orange County.
These tow yards provide strong cash flow from a recession resistant tow business, making this a great bridge loan for Crescent Lenders to fund.
For over a decade, Crescent Lenders has been funding California private money loans for real estate investors from San Diego to San Francisco.
Our knowledge, experience and unparalleled customer service are a few reasons why our clients enjoy working with us.
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, 90064