Rates as Low as 9.75%
75% LTV
Trusted 5-Star Rating on Google
Anywhere in California
Direct Lender, Not a Broker
$200K to $2M
No Upfront Fees
Self-Employed or Foreign National
Pre-Approval in Hours, Funding Within Days
Crescent Lenders is a direct California hard money lender with over a decade of experience funding hard money loans in Santa Barbara County.
Lending our own money allows us to act quickly to fund your commercial or residential real estate deal.
Over the past decade, we have successfully funded over 100 million dollars worth of private money loans for California real estate investors.
Our longevity can be attributed to our superior customer service, competitive interest rates, and low origination points relative to our competitors.
Call us today for a brief 5 to 10-minute conversation to get same-day pre-approval.
Once terms are agreed upon, funding can be provided in as little as 5 to 7 days.
While your credit score will be a factor, our primary concern is the loan-to-value ratio of the property being used as collateral.
It's important for borrowers to have at least a 25% down payment or equity in the property.
As the lender, it’s our best interest to have our borrowers succeed.
Therefore, we will only lend money to borrowers we deem capable of making monthly interest payments and who can repay us.
Every day, we encounter borrowers with unique loan requests.
Whether you want to purchase an apartment complex to rent to UCSB students in Isla Vista, would like some extra cash to renovate your family home in Montecito, or perhaps need to refinance your existing hard money loan on an office building you own in Goleta — whatever your situation, Crescent Lenders is available to assist with your Santa Barbara hard money needs.
A Santa Barbara hard money loan can be the difference between you being the winning or losing bidder on a property.
Borrowers enjoy working with us; check out our reviews below.
I’m a commercial real estate broker and do some fix n flipping on the side here in SoCal. I’ve used a few different HMLs in the past but have created a good relationship with these guys and have repeatedly used them and will continue to do so going forward.
Crescent Lenders works with residential and commercial real estate investors looking to purchase investment property in Santa Barbara and California.
Our hard money loans are backed by a hard real estate asset, and we fund various types of loans, including:
Obtaining a hard money loan with Crescent Lenders is substantially easier than getting a conventional bank loan.
Our underwriting process heavily focuses on the loan-to-value ratio of the real estate being used as collateral.
Our objective is to find out if you:
Santa Barbara is a small city between the Pacific Ocean and the Santa Ynez Mountains.
Referred to as the American Riviera, its 100,000 residents and visitors enjoy great surfing, world-class wineries, and consistently perfect weather.
However, all these great qualities of life come at a price!
Santa Barbara consistently ranks in the top 5 most expensive cities to live in the nation and consequently has some of the most expensive real estate in America.
A hard money loan, also known as a bridge, private, or gap loan, is secured by a "hard asset" like commercial, industrial, or residential real estate.
It is generally a short-term loan (6 to 60 months) issued by private or commercial investors.
A hard money loan has advantages over a traditional bank loan:
Real Estate Investors, such as:
From start to finish, the approval process can take as little as 5 to 7 business days.
Rates are determined by:
We will do your analysis from recently sold comparable properties and have an appraiser visit the property.
The approval process involves a brief call with Russ to collect general background information regarding your financing needs and history.
After this pre-approval phone call, your information will be verified through our underwriting process.
Once verified, we will send you a term sheet. If you accept, you will receive the funds in your account.
While credit score is a factor, bad credit is not a deal breaker, as many factors are considered:
Crescent Lenders does not fund land, ground-up construction, or owner-occupied projects.
Our maximum loan-to-value ratio is 75%.
Our loans start at $200K and go up to 2 million dollars.
We fund most property types, including:
Residential
Commercial & Retail
Industrial
We fund both First Trust & Second Trust Deeds.
6 to 60 months, (extensions are available)
We do not require any upfront fees but charge 2 to 3 points, depending on the size and term length of the loan, and a $1500 underwriting fee.