Crescent Lenders Funds

$295K 1st Position Private Money Loan

Whittier, Los Angeles

About The Deal

The borrower sought a private money loan for the purchase of an 8-unit multi-family apartment complex in Whittier, Los Angeles, priced at $1,585,000.

The property, located in a high rental demand area, is comprised of three 2-bedroom, 1-bathroom units and five 1-bedroom, 1-bathroom units.

The borrower contributed a 15% down payment, and a new 1st position private money loan of $1,050,000 was also obtained.

With a successful track record of receiving various Los Angeles hard money loans from Crescent Lenders over 4 years, the borrower has been a reliable and profitable fix and flipper.

The borrower intends to refinance with a traditional bank in approximately 6 months.

8-Unit Multi-Family Apartment Complex in Whittier, Los Angeles
Amount
$295,000
Location
Whittier, Los Angeles
Rate
12.8%
LTV
66.0%
Term
12 months
Type
Purchase Financing
Commercial
Multi-Family Apartment Complex
Exit Strategy
Refinance

Looking for a Purchase Financing Loan Near Whittier?

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.

Whether you need a purchase financing loan for a multi-family apartment complex in Montebello or a cash-out Loan in Beverly Hills, Crescent Lenders can help with your urgent real estate financing investment needs.

Come see why we are the leading private money lenders in Los Angeles.

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FAST FLEXIBLE FUNDING
Between $200k and $2 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 applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).