Our Hard Money Lending Guidelines
| Interest Rates: | Starting @ 9.75% (interest only) |
| Closing Time: | 5 to 7 Days |
| Location: | Anywhere in California |
| Loan-To-Value : | Up to 75% LTV |
| Amounts: | $200K to $2M |
| Origination Fee: | 2 to 3 points, depending on size and term |
| Lien Positions: | First Trust & Second Trust Deeds |
| Underwriting Fee: | $1500 |
| Loan Term: | 6 to 60 months (extensions available) |
Property Types
- Single-family & Multi-family Investment Properties
- Condominiums
- Retail Centers
- Office Buildings
- Industrial & Warehouse
- Hotels & Motels
- Healthcare & Assisted Living Facilities
- Special Purpose & Mixed Use
- Parking Garages & Lots
Reliable Hard Money Lenders in San Diego
Crescent Lenders is a California hard money lender that funds real estate deals across San Diego County.
Unlike brokers, we are direct private money lenders, and we use our own funds to provide rapid funding for real estate projects.
We specialize in servicing cities throughout California, including Los Angeles, San Francisco, and San Diego.
We have successfully funded numerous San Diego hard money loans over the last decade, deploying hundreds of millions of dollars in private capital to real estate investors.
Pre-Qualify Today
Contact us today to ask how we can solve your San Diego funding scenario.
Our customer service is second to none. You can count on us to answer the phone and communicate with you throughout the process.
Come see why Crescent Lenders is the preferred hard money lender for San Diego real estate investors.
Whether you need to refinance a property in La Jolla, execute a fix and flip in Torrey Pines, or cash-out refinance your property in Scripps Ranch — Crescent Lenders is here for all your San Diego real estate investment funding needs.
We Fund All Types of San Diego Hard Money Loans
We finance residential and commercial real estate projects across the Southern California Region.
We consider all types of projects for funding, including:
- purchase loans
- bridge loans
- fix and flip loans
- refinance loans
- cash-out, probate, rental property, and BRRRR loans
- along with any other asset-based loan whereby real estate is used as collateral
When underwriting your private money loan in San Diego, the biggest factors we consider are the value of the collateral property and the loan-to-value ratio.
Factors used for conventional mortgages, like credit score and property vacancy rates, are only used in a secondary manner.
Unlike large banks, we can get you funded in days instead of months.
From the moment you read this webpage until we fund you, it can occur in as little as 5 to 7 days.
Unsure we are the solution to your San Diego hard money lending issue?
Check out the reviews below to see what our past customers say about working with us.
What Our Borrowers Say
I’m a commercial real estate broker and do some fix n flipping on the side here in SoCal. I’ve used a few different HMLs in the past but have created a good relationship with these guys and have repeatedly used them and will continue to do so going forward.
San Diego's Real Estate Market
With 3 million residents, San Diego is California's 2nd largest city and a prime real estate market.
Known as "America's Finest City," it is home to amazing beaches, great weather, and numerous tourist attractions.
San Diego's housing prices are among the highest in the country, and the real estate market remains one of the hottest in the nation.
Real estate investors in Southern California are realizing the importance and benefits of using hard money loans in the San Diego market.
Most sellers consider an offer on a property accompanied by a hard money loan to be as good as an all-cash offer, which helps to make your offer more competitive with other buyers in the marketplace.
San Diego has a very stable and competitive market which can be attributed to:
- vast amounts of coastline
- great climate and a low crime rate
- a great place to raise a family
- a top destination for young white-collar professionals who are single and educated
Fast Facts
- The average property sale price is $640,000
- Average of 3 offers on every listing
- It takes about 17 days to sell a property
- An 870-square-foot apartment has an average rent of $2,237
- Of the available housing supply, 39% is renter-occupied, and 60% is owner-occupied
- 45.31% of adults in San Diego have at least a bachelor's degree
Hard Money Loans San Diego
What Is Hard Money?
What Is a Hard Money Loan?
A hard money loan, also known as a bridge, private, or gap loan, is secured by a "hard asset" like commercial, industrial, or residential real estate.
It is generally a short-term loan (6 to 60 months) issued by private or commercial investors.
Why Use a Hard Money Loan?
A hard money loan has advantages over a traditional bank loan:
- the approval process is much faster (5 to 7 days vs 30 days)
- fewer requirements
- easier to qualify
- flexible repayment schedules
- better option for those with low credit scores, the self-employed, or with a difficult financial history, such as a foreclosure or bankruptcy
What Determines the Cost of a Hard Money Loan?
- experience in the fix and flip industry
- additional sources of income
- your exit strategy from the loan
- and most importantly, the underlying value of the hard asset
What Types of Clients Utlise This Product?
Real Estate Investors, such as:
- Fix and Flippers
- Refinancers
- Real Estate Developers
- Construction Contractors
Our Lending Process
How Fast Can I Expect My Money?
From start to finish, the approval process can take as little as 5 to 7 business days.
How Do You Determine the Rate?
Rates are determined by:
- the underlying value of the asset
- the location of the asset
- how much the borrower is putting down
- credit score
- additional sources of income
- property type
How Do You Value a Property?
We do your own analysis from recently sold comparable properties as well as have an appraiser visit the property.
What Is the Approval Process?
The approval process involves a brief call with Russ to collect general background information regarding your financing needs and history.
After this pre-approval phone call, your information will be verified through our underwriting process.
Once verified, we will send you a term sheet, and if you accept, you will receive the funds in your account.
What if My Credit Score Is Low?
While credit score is a factor, bad credit is not a deal breaker, as many factors are considered:
- experience in the fix and flip industry
- additional sources of income
- most importantly, the underlying value of the hard asset
Are There Any Types of Hard Money Loans You Don’t Fund?
Crescent Lenders does not fund land, ground-up construction, or owner-occupied projects.
Our Lending Guidelines
What Is Your Max LTV?
Our maximum loan-to-value ratio is 75%.
How Much Can I Lend From Crescent Lenders?
Our loans start at $200K and go up to 2 million dollars.
What Property Types Do You Lend On?
We fund most property types, including:
Residential
- Multi-family Investment Properties
- Single-family Investment Properties
- Condominiums
Commercial & Retail
- Retail Centers
- Office Buildings
- Hotels & Motels
- Healthcare & Assisted Living Facilities
Industrial
- Industrial & Warehouse
- Parking Garages & Lots
- Special Purpose & Mixed Use
What Lien Positions Do You Fund?
We fund both First Trust & Second Trust Deeds.
What Term Lengths Do You Offer?
6 to 60 months, (extensions are available)
What Fees Do You Charge?
We do not require any upfront fees but charge 2 to 3 points, depending on the size and term length of the loan, and a $1500 underwriting fee.
Suite #116, 999 Overland Ave
Los Angeles, California
90064
Los Angeles, California
90064