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 California hard money lender providing loans in Long Beach and across the greater California region.
We service commercial and residential real estate investors seeking short-term financing for various investment properties.
We've funded hundreds of millions of dollars in hard money loans across California over the last 10 years, and our experienced team has large cash reserves, making us your ideal choice as your hard money loan provider.
Our top-notch service, low rates, and inexpensive fees differentiate us from the pack and make us your go-to bridge lender in Long Beach.
Since providing high-quality customer service is the core foundation of our business, count on us to answer your phone calls, quickly return emails, and maintain a high level of communication throughout the hard money loan process.
We can usually tell you over the phone within 5-10 minutes about the probability of us funding your project.
Contact us today to discuss your Long Beach hard money loan needs.
We finance the following types of private money loans in Long Beach:
Our underwriting process is simple, with a significant emphasis on the loan to the value of the property.
As bridge lenders, we want to make sure the borrower has enough skin in the game, is able to make the monthly mortgage payments, and has an exit strategy for when the hard money loan matures.
Investors often have a choice between selecting a nationwide hard money lender or a local hard money lender.
Local hard money lenders like Crescent Lenders have strong market knowledge of the local neighborhoods, while nationwide lenders cover too many areas to assess deals as quickly as us.
We usually meet our borrowers face to face and personally inspect the property being used as collateral for the bridge loan.
We have been providing fast and reliable service for over a decade, and customer satisfaction is our top priority. See what our customers have to say 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.
Our established network of contractors, appraisers, lawyers, and title companies in the Long Beach area are available to assist our borrowers with every step of the real estate process.
We view our borrowers as partners rather than clients, therefore your success is our success.
Whether you're looking to refinance your current hard money loan for an investment property in Bixby Knolls, or if you've discovered the perfect home in Naples for a fix-and-flip project, or maybe you require additional funds for a 1031 exchange on an office building in Belmont Shore, Crescent Lenders is available to support you with your Long Beach hard money loan needs.
The coastal city of Long Beach has a population of nearly half a million and is popular among tourists, boat lovers, and outdoor enthusiasts.
Like the rest of Southern California, the real estate market in Long Beach is expensive and full of savvy investors looking for bargains.
Bidding wars on homes are common, so many real estate investors turn to Long Beach hard money loans. An offer on a home accompanied by a hard money lender is deemed as good as an all-cash offer.
Sellers will often not want to wait for other buyers to be approved for a traditional bank loan.
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.