Crescent Lenders Funds
$917,000 Bridge Loan on Primary Residence in San Jose, California
San Jose, Santa Clara
About The Deal
In January 2024, Crescent Lenders made a $917,000 bridge loan to a first-time borrower in San Jose, California.
The borrower's primary residence, a single-family home valued at roughly $1.5 million and owned free and clear, will serve as collateral for the loan.
Although the hard money loan has a term of 12 months, the borrowers are expected to pay it off much sooner.
The loan is intended to fund an all-cash purchase of a new primary residence.
The borrower’s plan to sell their current property within six months to pay off the loan in full.
Another important factor was their excellent credit score, some bank reserves, and strong annual income earnings over the past few years.
Their financial stability, combined with a clear exit strategy and San Jose being a prime real estate market in California, made this an ideal residential bridge loan for Crescent Lenders to fund.
$1,500,000
San Jose, Santa Clara
9.8%
61.0%
12 months
Bridge
Single-Family Home
Sale of subject property
Looking for a Bridge Loan Near San Jose?
Crescent Lenders is a top rated private money lending company providing loans in and around The Santa Clara area.
We have been providing loans to commercial, residential and industrial California real estate investors for over a decade.
After another stellar year of providing hard money loans to real estate investors across California, Crescent Lenders has opened up 2024 with a fantastic batch of loans.
We are proving once again why we are one of California's top private money lenders.
Call us today to understand how we can help you acquire an investment property in a matter of days or assist you in pulling cash out of an existing property.
Or checkout our page for more information on we help borrowers obtain residential bridge loans across California.
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