Funded
Not a broker
Rating on Google
The Deal
$800,000
Riverside, California
10.0%
57.1%
12 months
Cash-Out
Single-Family Home
Refinance or sale of another property to pay off this loan
Crescent Lenders, a Los Angeles-based hard money lender recently funded an $800K first trust deed hard money loan on a short-term rental property in Palm Springs, California.
Located in Rancho Mirage, the newly remodeled single-family residence, valued at $1.4 million, has a 2,500 square foot home that sits on a 14,800 square foot lot with 3 bedrooms and 2 bathrooms.
The borrower originally purchased the subject property in January 2024 for $855,000, with Crescent Lenders providing the acquisition financing.
Following the purchase, the borrower completed a comprehensive $400,000 remodel, bringing the estimated current market value up to $1.4 million.
The property is now owned free and clear, generating strong rental income and performing well as a short-term rental.
The borrower requested $1.0 million in cash-out financing on the property to fund the purchase of another investment property in Cottonwood, Utah.
The finalized loan structure was as follows:
- An $800,000 first trust deed, funded by Crescent Lenders
- And a $200,000 second trust deed, funded by one of our Crescent Lenders team members.
The $800,000 first trust deed investment was recommended based on the following factors:
- Strong Equity: Combined loan-to-value (CLTV) is under 60%, providing substantial security in the event of a default.
- Proven Borrower: The borrower has successfully repaid three prior loans with Crescent Lenders, demonstrating a proven track record.
- Experienced Investor: The investor continues to show the ability to execute on profitable real estate projects.
- Solid Exit Strategy: For repayment, the loan will either be refinanced into a traditional bank loan or the borrower will sell an existing property they own.
Overall, this transaction represented a low-risk, high-reward investment opportunity for our investors, as it involves a quality property secured by a low LTV, an experienced borrower, and features both a solid exit strategy and a fallback option.
Reviews
Palm Springs Hard Money Lenders
Crescent Lenders is a Los Angeles-based hard money lender, proudly serving real estate investors in Palm Springs and throughout the Coachella Valley.
We specialize in hard money loans, bridge loans, and fix-and-flip financing for both residential and commercial investment properties.
For more than 15 years, Crescent Lenders has been a trusted financing partner for property owners, business owners, and real estate investors seeking fast, flexible financing for California real estate projects.
Our deep understanding of the Palm Springs and greater Riverside County real estate markets enables us to act quickly and fund deals that traditional lenders can’t, helping our clients seize time-sensitive opportunities in one of California’s most dynamic resort regions.
We provide short-term loans for real estate acquisitions, refinancing, and cash-out opportunities across multiple property types, including single-family homes, multifamily units, retail centers, hospitality properties, office buildings, and mixed-use developments.
Our hard money loans are built for speed, flexibility, and reliability. Whether you’re acquiring a vacation rental in Palm Desert, funding a luxury fix-&-flip in Rancho Mirage, or repositioning a boutique hotel in Downtown Palm Springs, we deliver quick approvals and smooth closings designed to help you stay competitive.
We fund time-sensitive deals when banks are unable to deliver.
About Palm Springs, California
Palm Springs has long been synonymous with desert luxury, mid-century modern architecture, and a vibrant lifestyle that attracts visitors and investors from around the world.
Located in the heart of the Coachella Valley, this iconic city blends timeless charm with new energy, as revitalized neighborhoods, boutique hotels, and design-forward developments continue to reshape the local landscape.
With a population of roughly 45,000 that swells significantly during peak tourism months, Palm Springs offers a dynamic real estate market fueled by short-term vacation rentals, second homes, and long-term investment properties. The city’s distinctive combination of leisure, tourism, and steady population growth makes it one of Southern California’s most desirable investment destinations.
Median home prices in Palm Springs hover around the million-dollar mark, reflecting both limited inventory and sustained buyer demand from Los Angeles, San Diego, and out-of-state investors. This demand extends across property types — from single-family vacation homes and luxury condominiums to multifamily projects and mixed-use developments.
In such a competitive market, timing and flexibility are everything. That’s why investors increasingly turn to private money and hard money lenders to secure financing quickly — whether for acquisitions, fix-and-flip projects, or short-term bridge loans.
Crescent Lenders has proudly served California’s real estate investors for over 15 years, offering the speed, experience, and reliability that make the difference when opportunities move fast.
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