A long-time client and seasoned fix-and-flip investor needed a Huntington Beach fix-and-flip loan for a 3-bedroom, 2-bath single-family home.
The investor put down $392,000 and borrowed the remaining $728,000 from Crescent Lenders to complete the transaction.
The subject property had 27 purchase offers; our client secured the property with the winning bid, which included an all-cash offer and a 10-day close made possible by our Huntington Beach fix-and-flip loan.
The property seller was impressed with our client's all-cash offer and short escrow period, which ensured a quick and seamless transaction.
Once the property is remodeled, it will be put back on the market for sale to secure a nice profit.
Crescent Lenders has arranged multiple California hard money loans for this borrower over the years, with a solid track record with timely payments and loan payoffs on or before the loan maturity dates.
This Huntington Beach fix-and-flip loan was attractive to our company because of the low loan-to-value ratio, great payment history from the borrower, and the experience this borrower has portrayed in the fix-and-flip business over the years.
Whether you're seeking a bridge loan to purchase a fixer-upper in Fullerton or financing a commercial property in Irvine, Crescent Lenders is your trusted partner for all your hard money needs in Orange County.
With years of experience and a proven track record, we offer tailored lending solutions, fast approvals, competitive rates, and flexible terms to meet your unique real estate goals.
Let us help you secure the funding you need. Contact us today to learn why we are the leading hard money lender in Orange County!
