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Crescent Lenders Funds

$2.25M Airbnb Bridge Loan

Huntington Beach, Orange County

About The Deal

The borrower acquired a 3,850 sq. ft. 6-bedroom, 3-bathroom single-family Airbnb in Huntington Beach, California for $3.5 million dollars.

For this particular transaction, the borrower was seeking a bridge loan of $2,245,000 for the purchase of the Orange County property. 

The borrower put down 20%, which came out to $700,000. 

There was also a 2nd position private money loan on the property held by Crescent Lenders for an additional $700,000 at a slightly higher interest rate. 

The 1st position hard money loan was at 65% loan-to-value, giving us a strong equity position. 

The buyer will operate the property as an Airbnb vacation rental. 

After 6 to 12 months of ownership, the borrower will refinance into a traditional bank loan in order to pay us back.

We have successfully performed numerous bridge loans with this borrower in recent years and are confident the investment will be successful.  

Single-Family Home in Huntington Beach, Orange County
Amount
$2,275,000
Location
Huntington Beach, Orange County
Rate
9.0%
LTV
65.0%
Term
12 months
Type
Purchase
Residential
Single-Family Home
Exit Strategy
Refinance the subject property

Looking for a Purchase Loan Near Huntington Beach?

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.

Did you find the perfect home to fix and flip in Anaheim or maybe need to refinance an existing bridge loan in Costa Mesa, whatever short-term financing you need, Crescent Lenders can make it happen.

As a leading bridge loan lender in Orange County, Crescent Lenders offers competitive rates and flexible loan terms to meet your unique financing needs.

Checkout our Orange County hard money lenders page for more information.

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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.).