A 4 bedroom, 2 bathroom home in Baldwin Park measuring 1163 sq. ft. was purchased by the borrower for $440,000.
The borrower has reinvested net proceeds of $2 million dollars from the recent sale of two Los Angeles properties into purchasing various single-family homes, some of which are fixed and flipped for a profit, while others are rehabbed and held for cash flow.
Crescent Lenders, who has had a positive experience working with this borrower on multiple deals over the past 5 years, provided a bridge loan of $240,000 with a favorable loan-to-value ratio of 55%.
Crescent Lenders is a top rated private money lending company providing loans around The Los Angeles area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
Whether you need a bridge loan to purchase a commercial property in Pasadena or require financing to acquire or are looking to buy an apartment complex in Santa Monica but don't meet the criteria for a conventional bank loan, Crescent Lenders is prepared and capable of fulfilling all your short-term investment financing requirements.
Trust the experts when it comes to bridge loans in California.
Suite #116, 999 Overland Ave
Los Angeles, California
90064