Funded
Not a broker
Rating on Google
The Deal
$1,625,000
Los Angeles, California
9.5%
55.0%
24 months
Refinance
Multi-Family Apartment Complex
Refinance with a Traditional Bank
Crescent Lenders recently refinanced a hard money loan for a 15-unit apartment complex in North Hollywood, Los Angeles, one of Southern California’s best and fastest growing rental markets.
Each of the 15 units features 2 bedrooms, 2 bathrooms, and spans over 1,000 sq. ft., resulting in a total property value of approximately $3 million, or $200k per apartment.
The borrower required a $1.625 million bridge loan to refinance an existing $1.5 million private money loan with another lender, thereby reducing the loan-to-value (LTV) ratio for this deal to 55%.
An LTV of 55% provides Crescent Lenders with substantial downside protection in the event of a real estate market collapse. Therefore, due to the low risk, we were able to offer our repeat borrower of 8 years a 9.50% interest rate for 24 months.
The borrower is a high-net-worth individual with plenty of experience in the North Hollywood real estate market, for whom we have funded numerous successful private money loans over the years.
North Hollywood remains a desirable Los Angeles neighborhood for real estate investors, as renters occupy more than 75% of the housing units.
Reviews
Hard Money Lenders in North Hollywood
Crescent Lenders has been serving borrowers in North Hollywood and the greater Los Angeles region for over 15 years.
Our core expertise is providing the essential funding that real estate investors need: from rapid bridge loans to value-unlocking cash-out refinances and powerful fix-and-flip financing.
We have funded well over $150 million in private money loans to homeowners, real estate investors, entrepreneurs, and business owners across the Golden State.
Being located in West Los Angeles, our in-depth local market knowledge enables us to move and close deals more efficiently than other hard money lenders.
We help our borrowers secure financing, allowing them to stay competitive in the highly competitive California real estate market.
We provide hard money loans in North Hollywood for various lending scenarios, including purchases, cash-out refinancing, and bridge loans across property types such as single-family homes, commercial multifamily properties, retail centers, and industrial properties.
Our hard money loans are customized for your unique scenario. Whether you’re securing a rental property in Montebello, funding a high-demand fix-&-flip in Beverly Hills, or acquiring a value-add deal in Studio City, we provide the fast, reliable funding you need to close quickly.
We fund time-sensitive deals when banks are unable to deliver.
About North Hollywood
Over the last decade, North Hollywood has undergone major redevelopment, with new, modern apartments, townhomes, and mixed-use spaces transforming the skyline while preserving its local character.
The ever-evolving NoHo neighborhoods make it an exciting option for homebuyers, builders, and those seeking stable rental income with strong potential for property appreciation.
With a population of around 137,000 people across roughly 11 square miles, the median age of 37 contributes to an incredible 75% of homes being rentals, while only 25% are owner-occupied.
This highly connected neighborhood makes it easy for its residents to access all parts of Los Angeles, and the active redevelopment effort in this area has caused home prices to climb, with a current median sale price of $929,000 for homes or $601 per sq. ft.
In a market as competitive as North Hollywood, complex projects like multifamily apartment buildings, ground-up construction, and the repositioning of older commercial spaces demand the speed and flexibility of alternative financing that conventional lenders lack.
This is why hard money lenders can play a crucial role in the market, enabling property owners and developers to access liquidity when timing is critical.
Following another banner year of funding hard money loans across California, Crescent Lenders enters 2026 with a powerful focus and commitment to serving the investors, developers, and property owners right here in North Hollywood.
Whether it’s single-family, multifamily, or commercial real estate, Crescent Lenders provides the speed, flexibility, and expertise that help investors compete in the competitive Los Angeles real estate market.
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