Ventura Hard Money Loans
Rates as Low as 9.75%
75% LTV
Trusted 5-Star Rating on Google
Anywhere in California
Direct Lender, Not a Broker
$200K to $2M
No Upfront Fees
Self-Employed or Foreign National
Pre-Approval in Hours – Funding Within Days
Ventura Hard Money Lenders
Crescent Lenders is based in Los Angeles and provides hard money loans for residential and commercial investment properties throughout California.
Our decade of experience and extensive knowledge of Ventura hard money loans make us the ideal lender to fund your real estate project.
We offer borrowers competitive interest rates, minimal fees, and fantastic customer service.
With flexible lending criteria and having more money than deals, we can give borrowers quick financing to take advantage of attractive real estate opportunities.
We aim to give customers a personalized lending experience, whereby we create a long-lasting professional relationship.
Apply Online in Minutes
Apply for a Ventura hard money loan online in minutes.
Borrowers often receive pre-approval after a short 5 to 10-minute call.
Once the hard money loan terms are agreed upon, funds can be transferred in less than a week.
Obtaining a Hard Money Loan in Ventura
Getting a Ventura hard money loan using Crescent Lenders is significantly easier and faster than being approved for a regular bank loan.
Numerous determining factors are involved in our underwriting process; however, none are more important than the loan-to-value ratio (LTV) of the real estate being used as collateral.
The higher the amount of equity a borrower has in a property, the more attractive it is for us as the lender to want to fund the deal.
Typically, the lower the LTV, the lower the risk for the Ventura hard money lender.
As lenders, our objective is to figure out:
- if you have more than 25% equity in the property
- have adequate experience (if performing a fix and flip)
- have a feasible exit plan
- are financially equipped to service the monthly payments
Other factors with lesser importance to our underwriting process include a borrower's creditworthiness, employment history, and income.
While these secondary factors are considered, they will not make or break the funding for your deal.
Ventura Hard Money Lender
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.
Ventura Hard Money Lenders
Crescent Lenders is not your typical California private money lender.
We have relationships with various Ventura County real estate professionals, including general contractors, attorneys, and property appraisers.
Our network is yours, and our goal is to create a winning scenario for both Crescent Lenders and the borrower.
Ideally, we can create a long-lasting working relationship.
Regardless of whether you want a cash-out loan for your retail property in Newbury Park or want a fix-and-flip loan for a single-family home in Thousand Oaks, or need an inheritance loan for a multi-family apartment complex in Oak Park — whatever your situation, Crescent Lenders can solve your Ventura County hard money loan problems.
About Ventura County
Situated between Los Angeles and Santa Barbara, Ventura County is a coastal town in Southern California with roughly 1 million residents.
More than half of the city is made up of Los Padres National Forest, and most of the remaining land outside the forest is used for agricultural purposes.
Ventura County's Mediterranean climate, nice beaches, and sound school system make it a perfect place to raise a family.
Ventura Hard Money
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