Crescent Lenders Funds

About The Deal

The borrower recently acquired a beautiful single-family home located in the prestigious area of Studio City, California for a total of $3.4 million.

Thanks to their astute financial planning and excellent credit, the buyer was able to put down over $1 million dollars which included closing costs.

Our client, a well-established real estate broker, provided valuable support throughout the process. With over 200 agents and an annual income of approximately seven figures, our client was able to guide the borrower through the acquisition process, offering advice on the best financing options available.

The borrower's impressive financial standing is further evidenced by the fact that they own four other single-family residences, each with strong equity in them. With such a strong portfolio of assets, the borrower was an attractive candidate for this purchase financing.

In addition to the first position loan, the financing also included a second position private money loan for $360,000, which was carried by the seller. This arrangement further highlights the borrower's excellent financial management skills and ability to secure favorable terms.

Overall, the borrower's strong financial standing, combined with the guidance of our experienced real estate broker client, enabled them to secure the financing needed to acquire this coveted property in Studio City.

Crescent Lenders is proud to have played a role in making this dream a reality.