The borrower requested a private money loan of $600,000 in Orange County. They purchased the subject property in 2010 for $750,000 and spent $100,000 on upgrades.
The property is owned free-and-clear and has an estimated market value of $1.0 million. In May 2017, a smaller unit in the same building, which was not remodeled, sold for $955,000.
The borrower used the funds to capitalize on another real estate opportunity. They have a strong financial profile, good credit, and are repeat Crescent Lenders clients.
Whether you're a real estate investor in Irvine looking to capitalize on a hot deal or an individual in Anaheim who needs extra liquidity to finish your fix and flip – Crescent Lenders has your back.
Learn why we are the best Orange County Hard Money Lender.
