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Crescent Lenders Funds

$460K Private Money Purchase Financing Loan

Ontario, San Bernardino

About The Deal

The borrower purchased a single-family residential property in Ontario, San Bernardino for $575,000.

The buyer only put down 20%, so due to the high loan-to-value, we requested and received additional cross collateral from a property in Glendale with approximately $500,000 in equity.

Between both properties there was $600,000 in equity which was greater than the bridge loan amount of $460,000.

The borrower has an excellent credit score of over 800 and expects to refinance and pay off this loan with a traditional mortgage in about 3 to 6 months (this was a 12 month private money loan).

Single Family Home in Ontario, California
Amount
$460,000
Location
Ontario, San Bernardino
Rate
9.0%
LTV
50.0%
Term
12 months
Type
Purchase Financing
Residential
Single-Family Home
Exit Strategy
Refinance

Looking for a Purchase Financing Loan Near Ontario?

Crescent Lenders is a top rated private money lending company providing loans around The San Bernardino area.

We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.

If you're discouraged by the fact that millions of Californians are unable to qualify for traditional bank loans, don't let that stop you from purchasing your ideal real estate investment property.

Private money loans offer an excellent alternative source of financing that allows you to employ sophisticated real estate tactics such as fix and flips, The BRRRR Method, or buy and hold.

Check out our private money loans California page on how to get started today.

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Email
info@crescentlenders.com
Phone
213-474-3131
Send Us A Message
We Can Deliver Rapid Financing
Between $200k and $5 million dollars
Nationwide private lender (not a broker, avoid the extra fees)
Funding loans such as purchase, refinance, rehab, probate, 1031 exchanges, cash-out
All types of investment properties considered, residential, commercial and industrial
Crescent Lenders

Suite #116, 999 Overland Ave

Los Angeles, California

90064

Disclaimer: Crescent Lenders, DBA CrescentLenders.com ("CL") is a California licensed broker under California Bureau of Real Estate License No. #01792267. Regardless of this license, CL considers itself a “finder” for purposes of applicable laws and regulations (California Business & Professions Code § 10130, et. seq.).