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Crescent Lenders Funds

$650K Hard Money Tow Yard Loan

Costa Mesa, Orange County

About The Deal

The purchase of an 8,423 sq. ft. light-industrial property on a 0.65-acre lot in Costa Mesa for $4 million was made by the borrower to expand their towing business through the stock purchase of an existing corporation.

Although there are two adjacent parcels, only one will be utilized as collateral. The borrower will lease one of the properties to their own towing business and pay $10,000 per month in rent, while the other property will continue being occupied by an existing tenant who currently pays $12,000 per month in rent.

To complete the acquisition, the borrower obtained a private money loan of $650,000 from us, alongside a second position bridge loan for $150,000 from another lender.

Boasting excellent credit, a substantial net worth, and an ownership portfolio spanning across Los Angeles and Orange Counties, the borrower exemplifies a worthy investment opportunity.

Light Industrial Tow Yard Property in Costa Mesa, Orange County
Amount
$650,000
Location
Costa Mesa, Orange County
Rate
9.0%
LTV
50.0%
Term
18 months
Type
Purchase
Industrial
Tow Yard
Exit Strategy
Refinance with a Traditional Bank

Looking for a Purchase Loan Near Costa Mesa?

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

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

Whether your are looking for financing on a industrial tow yard in Costa Mesa, or the purchase of a Condo in Dana Point, Crescent Lenders has you covered.

Learn more about our Orange County hard money loan programs.

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Amount
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Amount
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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
FAST FLEXIBLE FUNDING
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 applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).