Crescent Lenders Finances Los Angeles County Hard Money Loan

The Borrower is acquiring the 1911 sq. ft. 4 bed, 3 bath property in La Puente, California for $492,000.

La Puente is a small city located in Los Angeles County.

The Borrower sold two properties in Los Angeles resulting in a combined net proceed of $2.0 million.

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
Amount
12 Months
Length
68
LTV
9.00
Rate
Purchase
Type
Tow Yard
Residential
Exit Strategy
Fix and refinance

Considering a Los Angeles County Private Money Lender?

Are you in the market for a private money loan for an assisted living facility in Santa Monica or maybe you need a fix and flip loan for an undervalued apartment in Manhattan Beach — whatever the situation, as the premier hard money lenders in Los Angeles, we have your back!

Check out our Los Angeles page to get started.. 

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

999 Overland Ave, Suite 116
Los Angeles, California
Phone
213-474-3131
  • California
  • Los Angeles
  • San Diego
  • San Francisco

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.).

Crescent Lenders, 2999 Overland Ave, Suite 116, Los Angeles, California, 90064