Bridge Loan for Dana Point Condominium Purchase
Our borrower acquired a residential condo in Dana Point, Orange County for $458,000.
The buyer put down approximately $300,000 and therefore needed to borrow $150,000 from Crescent Lenders to complete the purchase.
Once the property is leased, the borrower plans to refinance out of the private money loan and into a conventional bank loan.
The loan-to-value was 35% with four months of prepaid interest (with 4 month prepay penalty).
The substantial equity combined with this great location in Orange County resulted in an easy decision for us to fund this purchase.
- $160,000
- Amount
- Location
- Dana Point, Orange County
- 12 Months
- Length
- 35
- LTV
- 9.00
- Rate
- Purchase
- Type
- Residential
- Condominium
- Exit Strategy
- Refinance
Searching for an Orange County Hard Money Lender?
Perhaps you need a bridge loan to purchase a home in Irvine or maybe you want to refinance an existing hard money loan for a property in Newport Beach, Crescent Lenders has you covered for all your Southern California private money lending needs.
Reach out today to get in contact with one of our trusted team members!
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
info@crescentlenders.com
213-474-3131
Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064