Residential Bridge Loan Lenders         

Bridge Loan Financing for Real Estate Investors

Residential Bridge Loan Lenders         

Bridge Loan Financing for Real Estate Investors

Trusted Residential Bridge Loan Lenders

Crescent Lenders is a California-based direct bridge loan lender with decades of experience servicing both residential and commercial bridge loans to real estate investors.

Crescent Lenders has established itself as one of the finest hard money residential bridge loan lenders in California by providing quick approvals and funding, reasonable rates and dependable service.

In many cases, bridge financing is the best solution for obtaining quick access to existing real estate equity. 

For investment property, a hard money bridge loan can be financed in a matter of days. Due to prior federal rules that all private lenders must follow, an owner occupied residential bridge loan may take up to two weeks.

Commercial bridge loans are also available from Crescent Lenders.

Why Crescent Lenders

Rates Start at 7.99%

75% LTV

Trusted 5-Star Rating on Google

No Minimum Income Requirement

No Upfront Fees

Direct Lender, Not a Broker

Speedy Approval & Funding Process

Minimal Documents Needed

Self-Employed or Foreign National

Recently Funded Private Money Loans

North Hollywood, CA
Amount: $1,625,000
Type: Cash-Out
Loan To Value: 55%
Rate: 9.50%
Property Type: Multi-Family
Term: 24 Months
La Puente, CA
Amount: $335,000
Type: Purchase
Loan To Value: 68%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Seaside, CA
Amount: $220,000
Type: Rehab
Loan To Value: 63%
Rate: 8.75%
Property Type: Residential
Term: 18 Months
Los Angeles, CA
Amount: $1,725,000
Type: Refinance
Loan To Value: 65%
Rate: 9.25%
Property Type: Commercial
Berkeley, CA
Amount: $1,400,000
Type: Purchase Financing
Loan To Value: 66%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Huntington Beach, CA
Amount: $350,000
Type: Purchase Financing
Loan To Value: 8.75%
Rate: 50%
Property Type: Residential
Term: 12 Months
Ontario, CA
Amount: $460,000
Type: Purchase Financing
Loan To Value: 50%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Tustin, CA
Amount: $260,000
Type: Purchase Financing
Loan To Value: 66.7%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Los Angeles, CA
Amount: $1,035,000
Type: Purchase Financing
Loan To Value: 85%
Rate: 10.00%
Property Type: Commercial
Term: 12 Months
Oxnard, CA
Amount: $1,820,000
Type: Purchase Financing
Loan To Value: 70%
Rate: 9.0%
Property Type: Commercial
Term: 12 Months
Whittier, CA
Amount: $295,000
Type: Purchase Financing
Loan To Value: 66%
Rate: 12.75%
Property Type: Commercial
Term: 12 Months
Long Beach, CA
Amount: $94,000
Type: Purchase Financing
Loan To Value: 115%
Rate: 20.0%
Property Type: Residential
Term: 6 Months
Los Angeles, CA
Amount: $1,500,000
Type: Refinance
Loan To Value: 60%
Rate: 11.99%
Property Type: Commercial
Term: 12 Months + 12 Months Option
Downey, CA
Amount: $400,000
Type: Cash-Out
Loan To Value: 50%
Rate: 12.50%
Property Type: Residential
Term: 12 Months
Seal Beach, CA
Amount: $600,000
Type: Cash-Out
Loan To Value: 60%
Rate: 8.50%
Property Type: Residential
Term: 36 Months
Beverly Hills, CA
Amount: $2,000,000
Type: Cash-Out
Loan To Value: 83%
Rate: 11.75%
Property Type: Residential
Term: 18 Months
San Gabriel, CA
Amount: $1,540,000
Type: Purchase
Loan To Value: 62%
Rate: 9.00%
Property Type: Industrial
Term: 24 Months
Carmel-by-the-Sea, CA
Amount: $3,000,000
Type: Refinance
Loan To Value: 33%
Rate: 10%
Property Type: Residential
Term: 12 Months
Los Angeles, CA
Amount: $340,000
Type: Refinance
Loan To Value: 50%
Rate: 9.0%
Property Type: Residential
Term: 18 Months
Los Angeles, CA
Amount: $535,000
Type: Purchase
Loan To Value: 65%
Rate: 9.15%
Property Type: Residential
Term: 12 Months
Los Angeles, CA
Amount: $1,025,000
Type: Purchase Financing
Loan To Value: 65%
Rate: 9%
Property Type: Industrial
Term: 36 Months
Santa Maria, CA
Amount: $220,000
Type: Cash-Out
Loan To Value: 55%
Rate: 9.75%
Property Type: Residential
Term: 18 Months
Covina, CA
Amount: $345,000
Type: Fix-and-Flip
Loan To Value: 65%
Rate: 9.25%
Property Type: Residential
Term: 12 Months
Riverside, CA
Amount: $75,000
Type: Cash-Out
Loan To Value: 50%
Rate: 10%
Property Type: Residential
Term: 12 Months
Pomona, CA
Amount: $664,000
Type: Purchase
Loan To Value: 70%
Rate: 9.7%
Property Type: Commercial
Term: 12 Months
Huntington Beach, CA
Amount: $2,275,000
Type: Purchase
Loan To Value: 65%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Arcadia, CA
Amount: $1,100,000
Type: Refinance
Loan To Value: 73%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Los Feliz, CA
Amount: $2,100,000
Type: Refinance
Loan To Value: 65%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Studio City, CA
Amount: $2,080,000
Type: Purchase Financing
Loan To Value: 61.2%
Rate: 8.50%
Property Type: Residential
Term: 60 Months
Baldwin Park, CA
Amount: $240,000
Type: Purchase
Loan To Value: 55%
Rate: 8.75%
Property Type: Residential
Term: 12 Months
El Segundo, CA
Amount: $1,200,000
Type: Refinance
Loan To Value: 65%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Culver City, CA
Amount: $650,000
Type: Purchase
Loan To Value: 52%
Rate: 7.99%
Property Type: Commercial
Term: 18 Months
Fullerton, CA
Amount: $800,000
Type: Purchase
Loan To Value: 65%
Rate: 9.00%
Property Type: Industrial
Term: 18 Months
Del Rey Oaks, CA
Amount: $1,150,000
Type: Refinance
Loan To Value: 65%
Rate: 9.65%
Property Type: Commercial
Term: 24 Months
Pasadena, CA
Amount: $950,000
Type: Purchase
Loan To Value: 50%
Rate: 8.25%
Property Type: Residential
Term: 12 Months
Boyle Heights, CA
Amount: $100,000
Type: Fix-and-Flip
Loan To Value: 65%
Rate: 12.99%
Property Type: Multi-Family
Term: 12 Months
Cerritos, CA
Amount: $500,000
Type: Cash-Out
Loan To Value: 65%
Rate: 12.5%
Property Type: Industrial
Term: 12 Months
Costa Mesa, CA
Amount: $650,000
Type: Purchase
Loan To Value: 50%
Rate: 9.00%
Property Type: Industrial
Term: 18 Months
Los Angeles, CA
Amount: $500,000
Type: Construction Financing
Loan To Value: 75%
Rate: 8.75%
Property Type: Residential
Term: 12 Months
Indio, CA
Amount: $100,000
Type: Cash-Out
Loan To Value: 50%
Rate: 11.0%
Property Type: Multi-Family
Term: 12 Months
Montebello, CA
Amount: $2,500,000
Type: Purchase Financing
Loan To Value: 66%
Rate: 8.75%
Property Type: Multi-Family
Term: 12 Months
Dana Point, CA
Amount: $160,000
Type: Purchase
Loan To Value: 35%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
North Hollywood, CA
Amount: $1,625,000
Type: Cash-Out
Loan To Value: 55%
Rate: 9.50%
Property Type: Multi-Family
Term: 24 Months
La Puente, CA
Amount: $335,000
Type: Purchase
Loan To Value: 68%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Seaside, CA
Amount: $220,000
Type: Rehab
Loan To Value: 63%
Rate: 8.75%
Property Type: Residential
Term: 18 Months
Los Angeles, CA
Amount: $1,725,000
Type: Refinance
Loan To Value: 65%
Rate: 9.25%
Property Type: Commercial
Berkeley, CA
Amount: $1,400,000
Type: Purchase Financing
Loan To Value: 66%
Rate: 9.00%
Property Type: Residential
Term: 12 Months
Huntington Beach, CA
Amount: $350,000
Type: Purchase Financing
Loan To Value: 8.75%
Rate: 50%
Property Type: Residential
Term: 12 Months

What is a Bridge Loan?

A residential bridge loan is a short-term financing solution given to a borrower who needs to buy property before the sale of their existing home. Bridge loans are used for real estate purchases that need to be completed quickly.

A bridge loan is a type of funding that allows you to borrow against the equity in your current property to finance the purchase of a new one.

After the new property is acquired, the old one is sold to pay off the bridge loan.

Bridge loans usually have a term of 12 to 24 months.

Bridge Loans are also frequently referred to by a variety of other names, including gap financing, swing loans, bridge financing and interim financing

Owner-Occupied Bridge Loans

In many situations, a property owner would want to purchase a new primary home but does not have the required liquid funds for a down payment.

The homeowner could sell their current home and use the proceeds to pay for the down payment, but as a result would need to obtain temporary housing until they have purchased a new primary residence.

Bridge loans from a residential bridge loan lender can help you avoid the time and expense of moving twice.

Qualifying for a Residential Bridge Loan

Residential bridge loan lenders are primarily focused on a the current market value of the home and the borrower’s equity in the subject property.

Most hard money lenders require a borrower to have a minimum of 25% equity in a property to be eligible for a bridge loan.

Hard money bridge loan lenders are not highly concerned with a borrower’s credit score, employment history or debt-to-income ratio.

Residential bridge loan lenders want to make sure the borrower is able to make the monthly interest payments and have the ability to sell their current home in a short period of time.

For more information on obtaining a bridge loan click here

Advantages and Disadvantages of Bridge Loans

When funds are required to acquire a new property before the sale of a currently owned property, bridge loan mortgages can be useful to both real estate investors and homeowners. Before pursuing bridge loan financing, make sure the benefits outweigh the drawbacks.

Bridge Loan Advantages

Quick Access to Capital

Residential bridge loan lenders are not under the same strict rules and regulations of a bank and therefore can supply borrower's with funding in as little as 5 to 7 days rather than the 30 to 45 days an institutional lender will need.

Avoid Moving Twice

If a homeowner has enough equity in their primary residence but lacks the cash for a down payment on a new house, they may choose to sell their primary residence and move into a temporary home until they find a new home to purchase. 

However, if the homeowner opts to obtain a bridge loan they could purchase a new home before the sale is final on their current primary residence. 

The borrower would use the proceeds from the sale of their original primary residence to payoff the outstanding bridge loan. 

Make an Offer Without Contingencies

Since homebuyers often require the net proceeds from the sale of their current property to cover the cost of their new home purchase, they usually include a contingency in their offer stating the homebuyer's present house must be sold before the purchase of the new home is finalized.

An offer with this type of contingency is not considered a strong offer and can result in a homebuyer missing out on their dream home.

Rather than making an offer with contingencies, it is advisable for home buyers to tap into the equity in their current homes via the use of a residential bridge loan.

Ideal Short-Term Financing Option

Big banks do not provide short-term financing since there is a substantial amount of paperwork required to complete only to have the loan paid off in a matter of months.

Therefore bridge loan lenders are a perfect resource for people in need of quick financing for a short period of time.

Bridge Loan Disadvantages

Higher Interest Rates than Bank Loans

Bridge loans from hard money lenders are more expensive than bank loans. Rates for bridge loans will differ depending on the specifics of the particular bridge loan deal, but they will often be in the range of 8-12% interest.

Large Fees

Bridge loan lenders usually charge origination fees of about 2 percent of the value of the loan which are most costly than traditional institutional lenders.

Residential Bridge Loan Requirements

Limited Documentation Needed

There are few hard money bridge loan criteria, making the bridge loan application and funding procedure quick and uncomplicated.

Paperwork such as tax returns, employment history, debt-to-income ratios and income statements are generally not required by hard money lenders.

Additionally, most bridge loan lenders can pre-approve a borrower after a short 5-10 minute conversation and borrowers can expect to receive funds in 5 to 7 days.

Loan-to-Value

Hard money lenders provide lower loan-to-value ratios (LTV) than bank loans for residential properties. Residential property bridge loans have a loan to value ratio of up to 70-75 percent, ensuring the borrower has enough equity in the property to safeguard the lender in case of default.

Monthly Interest Payments

The borrower must show that they have the financial wherewithal to make regular loan payments while the bridge loan is in place. The bridge lender may request tax returns, a W2, pay stubs, or bank statements, but a comprehensive examination of a client's finances is seldom necessary.

Exit Strategy

Lastly, bridge lenders want the borrower to explain exactly how they will repay the bridge loan.

Generally, for residential bridge loan borrowers the repayment will occur once the sale of the borrower's home is completed. 

California's Trusted Bridge Loan Lenders

Crescent Lenders is a direct California bridge lender providing residential bridge loans from San Diego to San Francisco. Contact us to discuss how we may assist you with your bridge loan financing requirements.

  • 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