In February 2024, the borrower purchased a single-family home in San Juan Capistrano, California, for $1.87 million, paying all cash.
The property is approximately 2,700 square feet with 4 bedrooms and 4 bathrooms. It is currently owner-occupied and serves as the collateral for this hard money loan.
To complete the purchase, the borrower used roughly $450,000 from a self-directed IRA as a distribution, which required repayment by April 2024 to avoid a substantial tax liability due to the borrower’s high-income bracket.
With a conservative loan-to-value (LTV) ratio of just 30%, this San Juan Capistrano hard money loan is a low-risk and well-secured investment opportunity in the California real estate market.
The borrower is currently in the process of securing a reverse mortgage, which will serve as the repayment and exit strategy for this San Juan Capistrano private money loan.
This Orange County private money loan was originated and closed in just two weeks showing our ability to move quickly for time sensitive transactions.
The borrower anticipates the reverse mortgage will be finalized within 30 days, at which point the hard money loan will be paid off in full.
Whether you’re purchasing a property in Irvine, funding a fix-and-flip in Newport Beach, or executing a 1031 exchange in Anaheim, we offer fast, reliable funding with flexible terms.
Discover why real estate investors throughout Southern California trust Crescent Lenders as one of the top hard money lenders in Orange County.
Come see why Crescent Lenders is one of the top hard money lenders in Orange County!
