San Gabriel Bridge Loan

Amount
$1,540,000

Location
Los Angeles, California

Rate
9.0%

LTV
62.0%

Term
24 months

Type
Purchase

Industrial
Tow Yard

Exit Strategy
Refinance

The borrower purchased a light industrial property in San Gabriel, California, which included real estate and business assets, for $2.5 million.

They made a 38% down payment, while Crescent Lenders provided the remaining amount through a private money loan of $960,000, with $660,000 for the real estate portion and $300,000 for the business assets.

The borrower is a high-net-worth individual with a proven track record of operating multiple tow yards in Los Angeles and Orange Counties, which has provided strong cash flow even during economic recessions.

Crescent Lenders recognized this as an excellent opportunity to provide a bridge loan for the acquisition.