Crescent Lenders is a direct bridge loan lender based in Los Angeles, California (not a broker). With over a decade of industry experience, we have established ourselves as a trusted loan provider.
If you're searching for short-term financing in California for a residential or commercial property, our company specializes in providing customized financing solutions to cater to various property and loan types throughout the Golden State.
Having funded over $100 million in bridge loans across California since 2010, we take pride in delivering exceptional customer service and maintaining open lines of communication to ensure a smooth lending process.
Whether you’re purchasing a new property, refinancing an existing hard money loan or seeking temporary financing to settle an inheritance loan, we are here to offer the temporary financing solutions that traditional banks do not provide.
Rates as Low as 9.75%
No Minimum Income Requirement
No Upfront Fees
Direct Lender, Not a Broker
Speedy Approval & Funding Process
Minimal Documents Needed
Self-Employed or Foreign National
Trusted 5-Star Rating on Google
When underwriting a bridge loan, we are mostly concerned with the loan-to-value of the property being used as collateral rather than a borrowers credit score, employment history or income.
With a hard money loan there is no standard underwriting process, each loan is judged on its individual merits.
Our goal is to determine if you;
If these three simple requirements are met, there is a strong chance we will be able to fund your bridge loan in California.
Crescent Lenders provides a diverse range of bridge loans in California that cater to real estate investors, property developers, estate beneficiaries and business owners. Our lending policy mandates all loans to be secured by a hard real estate asset, ensuring a secure investment for both the borrower and the lender.
Our bridge loans are designed to provide quick access to funds, often within 5 to 7 days. This can be beneficial when there is a time-sensitive need for financing, such as purchasing a new property before selling an existing one.
Our bridge loans can support business operations and expansion initiatives. They can provide working capital to cover operational expenses, bridge gaps in cash flow, fund inventory purchases, or facilitate business expansion plans.
Our bridge loans offer flexibility in terms of their repayment terms and requirements. We can customize them to meet your specific needs and the situation at hand, allowing for more tailored financing options.
We can enable buyers to secure financing for a new property while they wait for their current property to sell. This helps avoid timing gaps and ensures a smoother transition in real estate transactions.
Our bridge loans can help buyers avoid contingency clauses, which are common in real estate contracts. A contingency clause states that a purchase is contingent on the sale of the buyer's current property. By obtaining a bridge loan, buyers can make offers without such contingencies, making their offer more competitive.
Our bridge loans can be utilized to take advantage of investment opportunities that require immediate funding. For example, if an investor wants to secure a property at a discounted price but needs funds quickly, we can provide the "gap loan" financing until long-term financing or other arrangements are in place.
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.
The process kicks off with a quick and friendly phone call, text message, or email exchange to grasp a clear understanding of the borrower's individual situation and explore ways in which we can be of assistance.
Borrowers typically need to provide a few important pieces of information, including:
Since every bridge loan situation is unique, there may be additional questions, requirements, or qualifications based on the specific details involved in the deal.
As a leading bridge money lender in California, we can quickly determine if we can fund your project by having a brief telephone conversation. Call us at 213-474-3131 or send us a message.
A bridge loan is a short-term financing option that provides immediate funds to bridge a temporary gap in funding or to facilitate a specific purpose, such as purchasing a new property before selling an existing one.
Bridge loans are commonly used in real estate transactions to secure financing for a new property while waiting for the sale of an existing property. They can also be utilized for investment opportunities, business operations, and other time-sensitive financing needs.
Bridge loans provide immediate funds based on the value of the collateral property. The loan is typically repaid within a short period, often ranging from a few months to a year. The loan may require regular interest payments or have deferred interest that accrues until the loan is repaid in full.
From start to finish, the approval process can take as little as 5 to 7 business days.
Rates are determined by:
We do your own analysis from recently sold comparable properties as well as have an appraiser visit the property.
The approval process involves a brief phone 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.
While credit score is a factor, bad credit is not a deal breaker as many factors are considered:
Crescent Lenders does not fund land, ground-up construction or owner-occupied projects.
Our maximum loan-to-value ratio is 75%.
Our loans start at $200K and go up to $5 million dollars.
We fund most property types, including:
Commercial & Retail
We fund both First Trust & Second Trust Deeds.
6 to 60 months, (extensions are available)
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