The borrower requested a private money loan of $600,000 in Orange County. They purchased the subject property in 2010 for $750,000 and spent $100,000 on upgrades.
The property is currently owned free-and-clear and has an estimated market value of $1.0 million. In May 2017, a smaller unit in the same building, which was not remodeled, sold for $955,000.
The borrower utilized the funds to capitalize on another real estate opportunity. They have a strong financial profile, good credit, and are a repeat client of Crescent Lenders.
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 you're a real estate investor in Irvine looking to capitalize on a hot deal, or an individual in Anaheim who needs some extra liquidity to finish your fix and flip – Crescent Lenders has your back.
Learn more about why we are the best hard money lender in Orange County.
Suite #116, 999 Overland Ave
Los Angeles, California
90064