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Crescent Lenders Funds

$664K Commercial Bridge Loan on Apartment Building

Pomona, Los Angeles

About The Deal

Our borrower requested a 12 month bridge loan for the purchase of a 5-unit apartment building in Pomona, California at a cost of $949,000.

The buyer plans to put down 20% of the purchase price ($189,800) plus the closing costs.

Each unit consists of 2-bedrooms and 1-bathroom with a monthly rental income of $1,300, bringing in a total gross monthly rent of $6,500.

The borrower is an experienced and trustworthy investor with a solid payment history, an excellent credit score and a successful track record of investments with us.

The plan is to improve and stabilize the property's condition to increase the annual rental income and then refinance with an institutional lender.

Multi-Family Apartment Complex in Pomona, Los Angeles
Amount
$664,000
Location
Pomona, Los Angeles
Rate
9.7%
LTV
70.0%
Term
12 months
Type
Purchase
Commercial
Multi-Family Apartment Complex
Exit Strategy
Refinance

Looking for a Purchase Loan Near Pomona?

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 for a 1031 exchange transaction in Long Beach or are looking to refinance an existing hard money loan coming due soon for an investment property in Glendale, Crescent Lenders has the expertise and resources to get you the short-term financing you need

Checkout our bridge loan California page for more information.

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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.).