Crescent Lenders Funds
$335K 1031 Exchange Loan on Single-Family Property
La Puente, Los Angeles
About The Deal
The Borrower is acquiring a 1911 sq. ft. 4-bedroom, 3-bathroom property in La Puente, California for $492,000.
La Puente is a small city located in Los Angeles County.
The Borrower sold two properties resulting in a combined net proceeds of 2 million dollars.
Through the use of a 1031 exchange, the borrower has been reinvesting the proceeds into various purchases of single-family homes across the Southern California area.
Some of the acquired properties are being fixed and flipped for profit while other properties are being rehabbed and held onto for rental income.
For the subject property, the borrower is putting 32% down, bringing the total hard money loan amount to $335,000.
The loan-to-value comes in at 68% which fits our hard money lending criteria.
The buyer plans to renovate the property, lease it to a new tenant and then refinance the home into a low cost conventional bank loan.
$335,000
La Puente, Los Angeles
9.0%
68.0%
12 months
Purchase
Single-Family Home
Fix and Flip
Looking for a Purchase Loan Near La Puente?
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 are in the market for a private money loan for an assisted living facility in Santa Monica or maybe you need a 1031 exchange loan for an undervalued apartment in Manhattan Beach — whatever the situation, as the premier hard money lenders in Los Angeles, we have your back.
Come see why we are the leading 1031 exchange loan provider in Los Angeles.
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