Santa Barbara County Hard Money Loan for Single-Family Home

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. 

$220,000
Amount
18 Months
Length
55
LTV
9.75
Rate
Cash-Out
Type
Residential
Single-Family Home
Exit Strategy
Buy and Hold

Get a Santa Barbara Hard Money Loan Today

Having funded hundreds of deals over the past decade, Crescent Lenders has the knowledge and expertise of the local real estate market, making us the perfect California private money lender for your real estate project.

Whether you are an investor looking to capitalize on a hot deal in Ventura, an individual who would like some extra cash to fix up their apartment in Montecito or a foreign national unable to get a traditional bank loan, we can help you get funding for your complicated projects.

Call us today to discuss you funding needs.

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