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 has been providing fix and flip loans for commercial and residential real estate investors for over 10 years.
As direct private money lenders, we have cash ready to deploy so borrowers can capitalize on hot deals.
Funding can be completed in 5 to 7 days time.
Crescent Lenders stands out from the competition with our attentive customer service team, competitive rates and low fees.
Come see why the vast majority of our borrowers are repeat customers.
Don’t hesitate to apply today to see if we can fund your real estate project.
As part of our superior customer service, we try to answer every call and respond to every email, showing respect to every potential customer.
Often, borrowers are pre-approved after a 5 to 10-minute call.
Once terms are finalized, you can expect to have the cash immediately.
The entire process can be completed in less than a week.
Fix-and-flip loans, also known as rehab loans or house flipping loans, are short-term loans used to buy, renovate, and sell a property for profit.
Distressed properties usually do not meet a big banks lending checklist, therefore real estate investors use hard money loans because of the relaxed lending criteria.
Check out what other fixes and flippers said about us 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.
For the past decade, flipping homes has been a hot business.
For some, this business is a side hustle that provides supplemental income, while for others, it is a full-time job.
Fix and flip real estate investors need quick access to cash to capitalize on hot deals in the marketplace.
Traditional bank loans are inefficient and inadequate for the speed your business requires and thrives on.
Fix-and-flip loans allow borrowers to leverage themselves to afford more expensive properties they otherwise would not be able to afford.
Most sellers consider a bid on a property accompanied by a fix-and-flip loan as good as an all-cash offer, making it a very strong offer that can edge out competitors who need a traditional bank loan that can take 30 days or more to fund.
Not only do traditional 20—to 30-year long-term bank loans take a long time to fund, but they also come with large pre-payment penalties for paying back the loan too early.
Therefore, a real estate investor looking to perform a fix-and-flip should consider getting a hard money loan, as it is usually the best available financing option.
To pass a hard money lender's application process, fix-and-flip investors need to show an ability to repay the hard money loan, have some skin in the game, have cash reserves to make monthly mortgage payments, and provide a successful track record of completed fix-and-flips.
We want to see you succeed as a premier fix and flip lender. We are laser-focused on getting your funding approved, empowering you to prioritize what you do best: finding, fixing, and flipping properties.
Real estate investors use these short-term loans to fix up run-down properties and eventually sell them for a profit.
These loans are also often referred to as bridge loans, hard money loans, or private money loans.
Hard money lenders evaluate each deal independently and use criteria based on the following factors:
Fix and Flip Loans:
Bank Loans:
These short-duration loans (12 to 60 months) are more expensive than traditional bank loans; however, there are many appealing advantages for fix and flip investors:
While fix-and-flip loans are more expensive, they provide tremendous upside to a fix-and-flip investor who needs to capitalize on and close deals in a hot market or create leverage between flips.
The approval process involves:
Our loans start at $200K and go up to 5 million dollars.
Yes, absolutely.
Hard money lenders have less bureaucracy and requirements than big banks.
They mostly care about the value of the collateral being used to secure the loan.
It's not unheard of for borrowers to get funding in less than a week.
This rule states that you should purchase the property for more than 70% of its after-repair value (ARV).
This is dependent upon numerous factors:
It's common for seasoned investors to have 15% to 35% profit margins.
However, like any business, you can also lose money.
Investors can start with anywhere between $10,000 and $20,000. If they want to magnify returns, they can use a hard money lender.
It's advisable to start out working with a seasoned professional. This will give you the confidence, contacts, and knowledge to successfully flip on your own.