Bridge Loan for Purchase of Huntington Beach Single-Family Airbnb

The borrower acquired a 3,850 sq. ft. 6 bedroom, 3 bathroom single-family Airbnb in Huntington Beach, California for $3,500,000.

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 6-12 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.  

$2,275,000
Amount
12 Months
Length
65
LTV
9.00
Rate
Purchase
Type
Residential
Single-Family Home
Exit Strategy
Refinance the subject property

Looking for an Orange County Hard Money Lender?

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

With over a decade of knowledge and experience financing California hard money loans, come see why we are The Golden State’s most trusted private money lender!

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
Phone
213-474-3131
  • California
  • Los Angeles
  • San Diego
  • San Francisco

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.).

Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064