The borrower needed a private loan to purchase this triplex, which consists of three oversized units in the West Adams part of Los Angeles, near the University of Southern California.
The property is very well located and in a strong rental demand market.
The borrower is an experienced investor with an excellent track record and has been a Crescent Lenders client for over 4 years.
A different private money lender will also have a 2nd position bridge loan for $164,000.
The buyer put down 15% (making some light improvements) and will refinance or sell the property within 4 to 12 months.
Are you looking to purchase a multi-family property in Culver City that doesn't meet the stringent requirements of a traditional bank loan? Crescent Lenders can help.
We specialize in providing private money loans to help you acquire the property of your dreams.
Our team of experts can work with you to find the right loan that suits your unique financial situation. Whether you're a first-time investor or a seasoned veteran, trust us to help you secure the financing you need to succeed in the highly competitive Los Angeles real estate market.
Look at our Los Angeles private money loan programs to see how we can help with your investment needs.
