The borrower purchased a 4 bedroom, 2 bathroom home in Baldwin Park measuring 1163 sq. ft. for $440,000.
The borrower has reinvested net proceeds of 2 million dollars from the recent sale of two Los Angeles properties into purchasing various single-family homes, some of which are fixed and flipped for a profit. In contrast, others are rehabbed and held for cash flow.
Crescent Lenders, who have had a positive experience working with this borrower on multiple deals over the past 5 years, provided a bridge loan of $240,000 with a favorable loan-to-value ratio of 55%.
Whether you need a bridge loan to purchase a commercial property in Pasadena that requires financing to acquire or are looking to buy an apartment complex in Santa Monica but don't meet the criteria for a conventional bank loan, Crescent Lenders is prepared and capable of fulfilling all your short-term investment financing requirements.
Trust the experts when it comes to bridge loans in California.
