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Crescent Lenders Funds

$220K Single-Family Cash-Out Loan

Santa Maria, Santa Barbara

About The Deal

The borrower acquired a single-family residence in Santa Maria for $380,000 in February 2020.

The property was purchased all-cash for the intent of a buy and hold investment.

The borrower was seeking a hard money loan to cash-out $220,000 to replenish cash reserves. 

The borrower has excellent credit and owns four other properties with very little debt (lots of equity in these other properties). 

There is a strong equity position here with a loan-to-value of about 55%. 

Based on a good equity position and strong borrower credit, Crescent Lenders decided to fund this hard money loan.

Single-Family Home in Santa Maria, Santa Barbara
Amount
$220,000
Location
Santa Maria, Santa Barbara
Rate
9.8%
LTV
55.0%
Term
18 months
Type
Cash-Out
Residential
Single-Family Home
Exit Strategy
Buy and Hold

Looking for a Cash-Out Loan Near Santa Maria?

Crescent Lenders is a top rated private money lending company providing loans in and around The Santa Barbara area.

We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.

Whether you are looking for financing to renovate a property in Montecito or seeking to access the built-up equity in your Carpinteria beachfront condo, Crescent Lenders is here to assist you with all your hard money loan needs along the scenic Santa Barbara coast.

See why we are one of the top hard money lenders in Santa Barbara.

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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.).