Funded
Not a broker
Rating on Google
The Deal
$2,000,000
Los Angeles, California
11.8%
83.0%
18 months
Cash-Out
Condominium
Refinance
Our borrower sought to consolidate two private money loans worth $1.2 million and obtain a new cash-out loan of $800,000, leading to a new second-position hard money loan of $2 million with a six-month prepaid interest period.
The collateral for the private money loan comprised three recently constructed residential condos in the Beverly Hills area, with a collective worth of over $5.1 million ($825 per sq. ft.).
The borrower, a seasoned developer, planned to utilize the cash-out funds to finish building a new laundromat project in Los Angeles.
One of our investors in this loan expressed interest in purchasing the property from the current owner and reached an agreement with the borrower.
If the borrower cannot repay the loan when it matures in 18 months or becomes delinquent, the loan will be automatically sold to the co-lender/investor for $5.3 million ($850 per sq. ft.).
The co-lender/investor would then become the new borrower for six months, giving them sufficient time to refinance the loan into permanent financing and thereby pay off the second-position hard money loan.
The borrower had an existing mortgage loan with Wells Fargo, with a balance of $2.23 million and an interest rate of less than 4.0%.
The total combined loan-to-value ratio was 83% based on an estimated valuation of $5.15 million.
Our borrower had excellent credit and received over 15 loans from Crescent Lenders over the past five years.
Reviews
Hard Money Lenders in Beverly Hills
Crescent Lenders is a California-based hard money lender proudly serving real estate investors in Beverly Hills and throughout Los Angeles County.
We specialize in hard money loans, bridge loans, and fix-and-flip financing for both residential and commercial investment properties.
For over 15 years, Crescent Lenders has been a trusted partner for property owners, developers, and investors seeking fast, flexible capital solutions.
Our deep understanding of the Beverly Hills real estate market allows us to move quickly and fund deals that traditional lenders can’t—helping clients secure luxury properties and capitalize on exclusive opportunities in one of California’s most competitive markets.
We offer short-term real estate loans for acquisitions, refinancing, and cash-out opportunities across a diverse range of property types, including single-family estates, multifamily buildings, retail centers, office spaces, and mixed-use developments.
Our private money loans are built for speed and flexibility. Whether you’re acquiring a prime residential asset on Sunset Boulevard, funding a fix-and-flip near Rodeo Drive, or securing a bridge loan on a luxury development in West Hollywood, Crescent Lenders delivers fast, reliable funding with flexible terms to help you close with confidence.
About Beverly Hills
Beverly Hills stands as one of the most prestigious and recognizable real estate markets in the world.
Nestled in the heart of Los Angeles County, this iconic city is synonymous with luxury, architectural excellence, and enduring property value.
Its prime location, bordered by West Hollywood and the Los Angeles basin, places investors at the center of one of California’s most dynamic and resilient real estate ecosystems.
Beverly Hills real estate continues to attract global investors, developers, and high-net-worth buyers seeking long-term appreciation and security. From luxury single-family estates and boutique multifamily developments to premium retail and mixed-use properties, the area offers a diverse range of opportunities for those pursuing high-value investments.
The city’s tightly held inventory, world-class amenities, and unmatched brand recognition create consistent demand for quick, strategic financing. This makes bridge loans, fix-and-flip financing, and hard money loans essential tools for investors looking to act decisively in a competitive marketplace.
Los Angeles hard money lenders, such as Crescent Lenders, play a critical role in supporting the pace and precision required for Beverly Hills real estate transactions, offering speed, flexibility, and local expertise when timing is crucial.
As Crescent Lenders continues to expand its presence across Southern California, we remain committed to serving the investors, developers, and property owners who drive Beverly Hills’ reputation as one of the world’s premier real estate destinations.
Whether the goal is acquiring a high-end residence, repositioning a commercial property, or financing a time-sensitive opportunity, Crescent Lenders provides the capital solutions that help investors succeed in California’s elite real estate market.
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