|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
Based out of Los Angeles; Crescent Lenders provides hard money loans for residential and commercial investment properties throughout California.
Our decade of experience along with our extensive knowledge of Ventura private money loans makes us the ideal lender to fund your real estate project.
We offer borrowers competitive interest rates, minimal fees and fantastic customer service.
With a flexible lending criteria and having more money than deals, we can give borrowers quick financing to take advantage of attractive real estate opportunities.
Our goal is to give customers a personalized lending experience, whereby we create a long lasting professional relationship.
Contact us to talk about your funding scenario.
Borrowers often receive pre-approval after a short 5 to 10 minute call.
Once terms of the hard money loan are agreed upon, funds can be transferred in less than a week.
Getting a bridge loan using Crescent Lenders is significantly easier and faster than being approved for a regular bank loan.
There are numerous determining factors in our underwriting process, however none are more important than the loan-to-value ratio (LTV) of the real estate being used as collateral.
The higher the amount of equity a borrower has in a property, the more attractive it is for us as the lender to want to fund the deal.
Typically the lower the LTV, the lower the risk for the hard money lender.
As lenders, our objective is to figure out:
Other factors with lesser importance to our underwriting process include a borrowers creditworthiness, employment history and income.
While these secondary factors are considered, they will not make or break the funding for your deal.
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 not your typical California private money lender.
We have relationships with various Ventura County real estate professionals including general contractors, attorneys and property appraisers.
Our network is your network and our goal is to create a winning scenario for both Crescent Lenders and the borrower.
Ideally we are able to create a long lasting working relationship.
Regardless of whether you want a cash-out loan for your retail property in Newbury Park or want a fix and flip loan for a single-family home in Thousand Oaks or need an inheritance loan for a multi-family apartment complex in Oak Park — whatever your situation, Crescent Lenders can solve your Ventura County hard money problems.
Situated between Los Angeles and Santa Barbara, Ventura County is a Southern California coastal town with roughly 1 million residents.
More than half of the city is made up of Los Padres National Forest, with a majority of the remaining land outside the forest being used for agricultural purposes.
Ventura County's Mediterranean climate, nice beaches and good school system make it a perfect place to raise a family.
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