Our client required short-term financing to refinance a fix-and-flip loan on a single-family property in El Segundo, California.
They needed to pay off a hard money loan from another private lender that had just matured.
Upon conducting a site inspection, we found that the property was about 75% complete, having undergone extensive upgrades such as new appliances, flooring, windows, and two spacious terraces at the front and back of the home.
The 2,150 sq. ft. property boasts three bedrooms and two bathrooms and, upon completion, is expected to be listed for sale at a price of $2.1 million.
El Segundo is a coveted beach town with limited inventory and strong rental demand, making this property a wise investment.
Additionally, the area is experiencing a surge in new construction, indicating robust growth potential.
Crescent Lenders has supported this borrower's previous bridge loans for various large-scale projects in Montebello, Fullerton, and Los Angeles.
The almost completed property's desirable location and high-end features make it an excellent fit for our California bridge loan.
Whether you're looking to finance a multi-family property in Westwood or refinance a bridge loan on a commercial property in Downtown LA, Crescent Lenders is your go-to source for private money lending in Los Angeles.
Our team of seasoned professionals offers a wide range of lending solutions, including bridge loans, fix-and-flip loans, and cash-out refinancing, tailored to meet each client's unique needs.
With extensive local real estate market knowledge and a commitment to exceptional customer service, we strive to provide you with the best possible experience and help you achieve your investment goals.
If you need a bridge loan in California, look no further.
