Hard Money Lender in Irvine
Bridge Loans for Residential
and Commercial Real Estate Investors
Our Lending Guidelines
| Interest Rates: | Starting @ 9.75% (interest only) |
| Closing Time: | 5 to 7 Days |
| Location: | Anywhere in California |
| Loan-To-Value : | Up to 75% LTV |
| Amounts: | $200K to $5M |
| Origination Fee: | 2 to 3 points, dependant on size and term |
| Lien Positions: | First Trust & Second Trust Deeds |
| Underwriting Fee: | $1500 |
| Loan Term: | 6 to 60 months (extensions available) |
Property Types
- Single-family & Multi-family Investment Properties
- Condominiums
- Retail Centers
- Office Buildings
- Industrial & Warehouse
- Hotels & Motels
- Healthcare & Assisted Living Facilities
- Special Purpose & Mixed Use
- Parking Garages & Lots
Respectable Hard Money Lenders in Irvine
Crescent lenders is the premier private money lender for real estate investors in Irvine, California.
With more than a decade of experience, our outstanding track record of funding hundreds of loans up and down California speaks for itself.
Being direct bridge lenders we have cash on hand, ready to fund your project within a matter of days.
Best known for our excellent customer service, low-cost fees and reasonable interest rates it's clear why we are Irvine’s top private money lender.
Apply Today
Contact us today regarding your private money loan request.
We only need to have a 5 to 10 minute phone call to evaluate your project.
After lending terms are accepted, you can anticipate on having the funds in 5 to 7 days.
Advantages to Using Crescent Lenders
Working with a hard money lender like Crescent Lenders can be advantageous for real estate investors for a variety of reasons.
Our experience, knowledge and success in the private money lending industry over the past decade gives borrowers confidence they are working with top professionals in the industry.
Here are 4 reasons borrowers across California choose to work with us:
- Access to Our Network: Being located in Southern California, we have business relationships with real estate experts from contractors to lawyers to title companies. We are happy share our network with our borrowers to help them succeed. You are not just a client, you are part of the Crescent Lender family.
- Easy to Qualify: Low credit score? Self-employed? Prior bankruptcy or foreclosure? Not to worry! While these would be deal breakers with big banks, we are more concerned about the loan to value ratio of the real estate being used as collateral than a borrowers financial history. We do not require piles of documentation and usually do not ask for tax returns as part of the lending process.
- Less Red Tape: Not everyone is able to qualify for a conventional bank loan. Traditional banks are notorious for having a rigorous qualification process, where unless all the boxes are checked off, you will not qualify. You will not find large amounts of bureaucracy when dealing with Crescent Lenders, our application process is simple and straightforward, with very few documents required.
- Speed: You can expect to get funded in a matter of days rather than 30 days or more from a traditional bank, allowing you to move quickly on great deals.
Maybe you need to refinance an existing hard money loan on your apartment complex in Woodbridge or you want to purchase a condo in El Camino Real or are performing a 1031 exchange on an investment property in Northwood and need extra funds to execute the transaction — whatever your hard money loan needs are, you can count on Crescent Lenders to get your deal funded.
Take a look at what our previous customers have said about their experiences below.
What Our Borrowers Say
Top-Rated Provider
I’m a commercial real estate broker and do some fix n flipping on the side here in SoCal. I’ve used a few different HMLs in the past but have created a good relationship with these guys and have repeatedly used them and will continue to do so going forward.
How to Obtain an Irvine Hard Money Loan
The most important metric for us when determining whether or not a borrower qualifies for one our hard money loans is the loan to value ratio of the collateral property.
Crescent Lenders will fund up to 75% loan to value of a property.
For example, if an investor owns a $1 million apartment they use for investments, the maximum amount of money Crescent Lenders will give the borrower would be $750,000.
Another important factor to help a borrower secure a hard money loan is to show they have a solid exit strategy. Exit strategies such as selling the property or refinancing into a conventional bank loan are popular and effective.
Lastly, it is important for a borrower to show they are capable of making monthly mortgage payments, giving us confidence that you will succeed.
About Irvine
The city of Irvine is located in Orange County, California.
Irvine is consistently rated as one of the best places to live in America because of its close proximity to the beach, wonderful public school system, low levels of crime, great shopping and restaurants.
The various neighborhoods within Irvine give its residents a great sense of community, adding to the lure of this attractive city.
Many wealthy and educated people live here causing the real estate prices and cost of living to be high relative to the rest of the nation.
Hard Money Loans FAQ
What Is Hard Money?
What Is a Hard Money Loan?
A hard money loan, also known as a bridge loan, private money loan or gap loan, is a loan secured by a "hard asset" like commercial, industrial or residential real estate.
It is generally a short term loan (6 to 60 months) issued by private or commercial investors.
Why Use a Hard Money Loan?
A hard money loan has advantages over a traditional bank loan:
- the approval process is much faster (5 to 7 days vs 30 days)
- fewer requirements
- easier to qualify
- flexible repayment schedules
- better option for those with low credit scores, the self employed, or with a difficult financial history, such as a foreclosure or bankruptcy
What Determines the Cost of a Hard Money Loan?
- experience in the fix and flip industry
- additional sources of income
- your exit strategy from the loan
- and most importantly, the underlying value of the hard asset
What Types of Clients Utlise This Product?
Real Estate Investors, such as:
- Fix and Flippers
- Refinancers
- Real Estate Developers
- Construction Contractors
Our Lending Process
How Fast Can I Expect My Money?
From start to finish, the approval process can take as little as 5 to 7 business days.
How Do You Determine Rate?
Rates are determined by:
- the underlying value of the asset
- the location of the asset
- how much the borrower is putting down
- credit score
- additional sources of income
- property type
How Do You Value a Property?
We do your own analysis from recently sold comparable properties as well as have an appraiser visit the property.
What Is the Approval Process?
The approval process involves a brief phone call with Russ, to collect general background information regarding your financing needs and history.
After this pre-approval phone call your information will be verified through our underwriting process.
Once verified we will send you a term sheet and if you accept, you will receive the funds in your account.
What if My Credit Score Is Low?
While credit score is a factor, bad credit is not a deal breaker as many factors are considered:
- experience in the fix and flip industry
- additional sources of income
- most importantly, the underlying value of the hard asset
Are There Any Types of Hard Money Loans You Don’t Fund?
Crescent Lenders does not fund land, ground-up construction or owner-occupied projects.
Our Lending Guidelines
What Is Your Max LTV?
Our maximum loan-to-value ratio is 75%.
How Much Can I Lend From Crescent Lenders?
Our loans start at $200K and go up to $5 million dollars.
What Property Types Do You Lend On?
We fund most property types, including:
Residential
- Multi-family Investment Properties
- Single-family Investment Properties
- Condominiums
Commercial & Retail
- Retail Centers
- Office Buildings
- Hotels & Motels
- Healthcare & Assisted Living Facilities
Industrial
- Industrial & Warehouse
- Parking Garages & Lots
- Special Purpose & Mixed Use
What Lien Positions Do You Fund?
We fund both First Trust & Second Trust Deeds.
What Term Lengths Do You Offer?
6 to 60 months, (extensions are available)
What Fees Do You Charge?
We do not require any upfront fees, but charge 2 to 3 points, depending on the size and term length of the loan and a $1500 underwriting fee.
Suite #116, 999 Overland Ave
Los Angeles, California
90064
Los Angeles, California
90064