|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
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.
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.
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:
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.
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.
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.
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