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Crescent Lenders Funds

$220K Private Money Cash-Out Loan on Condominium

Seaside, Monterey

About The Deal

Located in the town of Seaside in Northern California, the subject property is a two-story condominium with 2 bedrooms, 1.5 bathrooms, and over 1,000 sq. ft. of space.

Owned free and clear by the borrower, it has been appraised at $350,000, with the borrower seeking a $220,000 cash-out loan to complete construction on another property in Sacramento, California.

With a loan-to-value ratio of less than 65%, this hard money loan is an attractive option for Crescent Lenders to fund.

Furthermore, our prior lending relationship with the borrower helps to ensure a smooth transaction.

Finally, the borrower intends to either refinance the Seaside condo into a traditional bank loan or sell one of the two properties mentioned.

Interior of Residential Condominium in Seaside, Monterey
Amount
$220,000
Location
Seaside, Monterey
Rate
8.8%
LTV
63.0%
Term
18 months
Type
Fix and Flip
Residential
Condominium
Exit Strategy
Refinance or sell the property

Looking for a Fix and Flip Loan Near Seaside?

Crescent Lenders is a top rated private money lending company providing loans in and around The Monterey area.

We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.

Whether you are refinancing a single-family property in Carmel-by-the-Sea or executing a 1031 Exchange in Del Monte Forest, we can help fund your real estate project.

Come see why we are the leading California private money lender.

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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
We Can Deliver Rapid Financing
Between $200k and $2 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.).