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Crescent Lenders Funds

$1.5M Bridge Loan for Tow Yard

San Gabriel, Los Angeles

About The Deal

The borrower purchased a light industrial property in San Gabriel, California, which included both real estate and business assets, for a total of $2.5 million.

They made a down payment of 38%, while Crescent Lenders provided the remaining amount through a private money loan of $960,000, with $660,000 for the real estate portion and $300,000 for the business assets.

The borrower is a high net worth individual with a proven track record of operating multiple tow yards in Los Angeles County and Orange County, which has provided strong cash flow even during economic recessions.

Crescent Lenders recognized this as an excellent opportunity to provide a bridge loan for the acquisition.

San Gabriel Tow Yarn in Los Angeles
Amount
$1,540,000
Location
San Gabriel, Los Angeles
Rate
9.0%
LTV
62.0%
Term
24 months
Type
Purchase
Industrial
Tow Yard
Exit Strategy
Refinance

Looking for a Purchase Loan Near San Gabriel?

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 to acquire a mixed-use property in the up-and-coming downtown area of Pomona or require financing to purchase a multi-family complex in the trendy neighborhood of North Hollywood, Crescent Lenders is here to help you with all your private money loan needs in these dynamic parts of Southern California.

Learn more about our Los Angeles bridge loan programs.

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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.).