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Crescent Lenders Funds

$1.2M Bridge Loan for Refinance

El Segundo, Los Angeles

About The Deal

Our client required short-term financing to refinance a fix and flip loan on a single-family property located in El Segundo, California.

They needed to pay off an existing hard money loan from another private lender that had just matured.

Upon conducting a site inspection, we found that the property was about 75% complete, having undergone extensive upgrades such as new appliances, flooring, windows, and the addition of two spacious terraces at the front and back of the home.

The 2,150 sq. ft. property boasts three bedrooms and two bathrooms and is expected to be listed for sale in the $2.1 million price range upon completion.

El Segundo is a coveted beach town with limited inventory and strong rental demand, making this property a wise investment.

Additionally, the area is experiencing a surge in new construction, indicating robust growth potential.

Crescent Lenders has supported this borrower's previous bridge loans for various large-scale projects in Montebello, Fullerton, and Los Angeles.

The almost completed property's desirable location and high-end features make it an excellent fit for our hard money loan.

Single-Family Home in El Segundo
Amount
$1,200,000
Location
El Segundo, Los Angeles
Rate
9.0%
LTV
65.0%
Term
12 months
Type
Refinance
Residential
Single-Family Home
Exit Strategy
Sell the property

Looking for a Refinance Loan Near El Segundo?

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're looking to finance a multi-family property in Westwood or refinance a bridge loan on a commercial property in Downtown LA, Crescent Lenders is your go-to source for private money lending in Los Angeles.

Our team of seasoned professionals offers a wide range of lending solutions, including bridge loans, fix and flip loans, and cash-out refinancing, tailored to meet the unique needs of each client.

With extensive knowledge of the local real estate market and a commitment to exceptional customer service, we strive to provide you with the best possible experience and help you achieve your investment goals.

If you are looking for a bridge loan in California, then look no further.

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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
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

90064

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.).