Crescent Lenders Funds
$75K 1st Position Private Money Loan
Riverside, Los Angeles
About The Deal
Our borrower in Beaumont, California had recently acquired a home for $200,000 cash and was in need of $75,000 to do a complete remodel.
The borrower owns multiple investment properties and also has a good credit score.
The loan-to-value was strong coming in at under 50%.
The interest rate at 10% was adjusted from our current 9.0% average due to the location of the property.
Repayment will be made within 12 months but since the average fix-and-flip takes 6 months the payment could come much sooner.
Ultimately the 1st position private money loan was funded based on the strong equity position and the borrower’s strong credit.
$75,000
Riverside, Los Angeles
10.0%
50.0%
12 months
Cash-Out
Single-Family Home
Sell the property
Looking for a Cash-Out Loan Near Riverside?
Crescent Lenders is a top rated private money lending company providing loans in and around The Los Angeles area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
Private money loans can be an advantageous alternative form of financing for real estate investors, especially those in a competitive market like California.
Whether you need a private money loan to purchase a distressed property in Temecula that won’t qualify for a bank loan or found a great vacation rental property in Palm Springs, checkout our bridge loan rates in California.
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