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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 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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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.).