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Crescent Lenders Funds

$400K Bridge Loan for Multi-Family Townhome Construction

Downey, Los Angeles

About The Deal

An experienced developer approached us for a $400,000 2nd position bridge loan in Los Angeles to assist in completing eight townhomes that are presently under construction. The townhomes are at varying stages of completion, ranging from 55% to 70%.

The entire site of 24 townhomes, which currently sits on a single legal parcel, serves as collateral for this private money loan. As each townhome is completed and sold, a separate APN will be assigned.

The borrower will use the proceeds to pay down the 1st position hard money loan held by another lender.

Our 2nd position hard money loan of $400,000 will come second to the existing $1.675 million 1st position hard money loan. Therefore, the loan-to-value ratio will be approximately 50%.

The townhomes will consist of two stories, three bedrooms, two bathrooms, and approximately 1,550 sq. ft. of space. Each unit is estimated to sell for between $575,000 to $670,000.

Crescent Lenders has provided the borrower (who has great credit history) with three loans over the past five years and the property is located in a desirable area of Downey, California.

Townhome in Downey, Los Angeles
Downey, Los Angeles
12 months
Multi-Family Townhomes
Exit Strategy
Sell the properties

Looking for a Bridge Loan Near Downey?

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've found a property for sale in Beverly Hills that you would like to fix and flip or need a refinance loan on a light industrial property in Los Angeles, Crescent Lenders has you covered.

Want to know more about our financing options? Find out why we are the best bridge loan lenders in California.

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We Can Deliver Rapid Financing
Between $200k and $5 million dollars
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

Suite #116, 999 Overland Ave

Los Angeles, California


Disclaimer: Crescent Lenders, DBA CrescentLenders.com ("CL") is a California licensed broker under California Bureau of Real Estate License No. #01792267. Regardless of this license, CL considers itself a “finder” for purposes of applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).