The borrower requested a private money loan of $600,000 in Orange County. They purchased the subject property in 2010 for $750,000 and spent $100,000 on upgrades.
The property is currently owned free-and-clear and has an estimated market value of $1.0 million. In May 2017, a smaller unit in the same building, which was not remodeled, sold for $955,000.
The borrower utilized the funds to capitalize on another real estate opportunity. They have a strong financial profile, good credit, and are a repeat client of Crescent Lenders.
Crescent Lenders is a top rated private money lending company providing loans around The Orange County area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
Whether you're a real estate investor in Irvine looking to capitalize on a hot deal, or an individual in Anaheim who needs some extra liquidity to finish your fix and flip – Crescent Lenders has your back.
Learn more about why we are the best hard money lender in Orange County.
Suite #116, 999 Overland Ave
Los Angeles, California