|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|
|Loan Term:||6 to 60 months (extensions available)|
- Single-family & Multi-family Investment Properties
- Retail Centers
- Office Buildings
- Industrial & Warehouse
- Hotels & Motels
- Healthcare & Assisted Living Facilities
- Special Purpose & Mixed Use
- Parking Garages & Lots
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.
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.
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:
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.
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.
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.
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.
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.
A hard money loan has advantages over a traditional bank loan:
Real Estate Investors, such as:
From start to finish, the approval process can take as little as 5 to 7 business days.
Rates are determined by:
We do your own analysis from recently sold comparable properties as well as have an appraiser visit the property.
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.
While credit score is a factor, bad credit is not a deal breaker as many factors are considered:
Crescent Lenders does not fund land, ground-up construction or owner-occupied projects.
Our maximum loan-to-value ratio is 75%.
Our loans start at $200K and go up to $5 million dollars.
We fund most property types, including:
Commercial & Retail
We fund both First Trust & Second Trust Deeds.
6 to 60 months, (extensions are available)
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