Private Money Lenders

Bridge Loans for Residential and Commercial Real Estate

Aerial view of residential properties in the suburbs
AS SEEN ON

Lending Guidelines

Interest Rates:Starting @ 7.99% (interest only)
Closing Time:5 to 7 Days
Location:Anywhere in California
Loan To Value Ratio:Up to 75% LTV
Loan Types:Purchase, Refinance, Cash-Out, Fix and Flip, Probate, 1031 Exchange
Amounts:$200K – $5M
Origination Fee:2 to 3 points, dependant 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

Recently Funded Private Money Loans

Multi-family purchase in Montebello, CA

Montebello, CA

Amount: $2,500,000
Type: Purchase
Loan To Value: 66%
Rate: 8.75%
Property Type: Multi-Family
Term: 12 Months
Single family refinance in Arcadia, CA

Arcadia, CA

Amount: $1,100,000
Type: Refinance
Loan To Value: 73%
Rate: 9.00%
Property Type: Single Family
Term: 12 Months
Home in Pasadena, CA

Pasadena, CA

Amount: $950,000
Type: Purchase
Loan To Value: 50%
Rate: 8.25%
Property Type: Single Family
Term: 12 Months

Private Lending Made Easy

Secure a bridge loan for your next real estate project

Pen for signing the contract

Quick & Reliable Process

The application process for a hard money loan straight forward.

Borrowers are often given conditional approval after a brief phone call.

Conversely banks have difficult and long application processes and have been known to pull money from borrowers during escrow at the last minute.

Unlike traditional lenders, hard money lenders are more focused on the collateral rather than a person's credit score or income.

Traditional lenders can take 30 days or more to close a deal, whereas a hard money lender can often close a deal in 4 to 6 business days.

Since hard money lenders are more focused on the value of the asset, a borrower's offer on a property can be viewed more favorably when funded by hard money.

Flexibility

Hard money lenders fund many loans that banks won't. A good example of this is a fix and flip loan.

There might be problems with a property such as foundational or electrical issues that don't allow it to qualify for a bank loan.

These issues are not deal breakers for hard money lenders, because they understand there is value in rehabbing properties.

The flexibility and speed of a hard money loan means if there is a good deal on the market, you can get the money faster from a private lender than a bank.

Though term length is often short, a private lender will also be flexible in this regard.

Depending on your situation, you may be able to tweak things like the repayment schedule.

This allows the borrower a greater flexibility when an golden opportunity arises.

You can make a more competitive offer on a property which increases the odds of a successful deal.

Approval Process

Hard money loans are also much easier to qualify for than traditional loans, because there is less bureaucratic red tape and minimal paperwork relative to a bank that uses a one size fits all approach.

With a hard money loan there is no standard underwriting process or hoops to jump through.

Each loan is judged on it's individual merits; where the value of the collateral is the primary consideration.

For example self-employed people or people who have less than 2 years at their current job often have difficulty obtaining loans from banks.

A hard money lender will put less emphasis on things like current job status, credit score, whether someone has gone bankrupt, foreclosure, or past credit delinquencies.

This allows someone who owns an asset easier access to funds.

FAQ

What is a hard money loan?

What is your max LTV?

How do you determine rate?

How do you value a property?

Why use a hard money loan?

What is the approval process?

How fast can I expect my money?

What if my credit score is low?

What is the cost of a hard money loan?

How much can I lend from Crescent Lenders?

What types of clients utlise this product?

What property types do you lend on?

Are there any types of hard money loans you don't fund?

Get funded in 5 to 7 days
LTV up to 75%
200k to $5 million
Nationwide private lender
(not a broker, avoid the extra fees)
Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges, cash-out
All types of investment properties considered, residential, commercial and industrial


Crescent Lenders

999 Overland Ave, Suite 116
Los Angeles, California


Email
info@crescentlenders.com

Phone
213-474-3131

We Serve the Entire California Region, Including: