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
Trusted Sacramento Hard Money Lenders
For over a decade, Crescent Lenders has been providing private money loans in California to real estate investors and property owners across Sacramento.
As direct bridge lenders, we have successfully funded hundreds of millions of dollars spread across numerous real estate projects.
Our fund is well capitalized, allowing us to move quickly when borrowers need us most.
Our superior customer service, inexpensive fees and competitive interest rates make us the top choice for your Sacramento hard money loan.
Apply for a Sacramento Hard Money Loan Today
Maybe you need to refinance an existing hard money loan for an investment property in Tahoe Park or are performing a 1031 exchange on a retail center in Midtown or perhaps you want to purchase a multi-family property in Land Park — whatever your circumstance, Crescent Lenders is here to help with your Sacramento bridge loan needs.
Whatever form of communication you prefer is fine, our team is ready to assist with your Sacramento hard money lending needs.
Limited documentation is required and loans can be funded in as few as 5 days.
Types of Hard Money Loans We Fund in Sacramento
We fund an assortment of hard money loans in the Sacramento area for all commercial and residential property types.
All hard money loans we fund must be secured by real estate and we fund a variety of loan types, including:
- Inheritance Loans: also known as a probate loan, estate loan or trust loan, this type of loan enables heirs of an estate to tap into their inheritance while probate process is being completed.
- Fix and Flip Loans: a short-term loan to help real estate investors cover the purchase and renovation of a property which will be sold for a profit.
- 1031 Exchange Loans: real estate investors are under strict government rules when it comes to a 1031 exchange and therefore they often require a bridge loan to purchase a replacement property.
- Purchase Loans: used to beat out other investors on a home with multiple offers in a competitive real estate market.
- Cash-Out Loans: popular amongst real estate investors looking to tap into equity in their property.
- Refinance Loans: used by property owners with an existing hard money loan that needs to be extended or by a property owner searching for a more affordable hard money loan with better terms.
- BRRRR Loans: (Buy, Rehab, Rent, Refinance, Repeat) a BRRRR loan provides an investor with capital to purchase and upgrade a distressed property and rent it out. Once the property is stabilized the investor replaces the BRRRR loan with a traditional bank loan.
Determining Factors for Getting a Sacramento Hard Money Loan
While there are a numerous factors we consider during our underwriting process, no component is more important than the loan-to-value ratio of the collateral property.
We want the borrower to have a decent amount of skin in the game, therefore we require a minimum of 25% equity in the property.
It’s also important for a borrower to show an ability to make the monthly interest payments and for them to have a viable exit strategy to pay off the hard money loan.
The two most common exit strategies our borrowers use are either selling the property or refinancing with a long-term traditional bank loan.
While credit score and employment history are taken into consideration, they are not crucial components to securing a private money loan with us.
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.
Benefits to Using a Hard Money Lender in Sacramento
Crescent Lenders is a knowledgeable and resourceful private money lender in Sacramento.
With local contacts ranging from contractors to lawyers to appraiser, our network is at your disposal!
Once we lend a borrower money, we consider them partners.
From that point forward our success is tied to their success. Therefore we try to work together toward the common goal of making our borrower’s project a success.
California real estate is expensive, oftentimes real estate investors do not have sufficient funds necessary to purchase a property and maybe they are unable to qualify for a traditional bank loan.
Sacramento Hard Money 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