If you need funds for
Hard Money Lenders Santa Barbara
Fast Approval. Faster Funding.
Funded
Not a broker
Rating on Google
Loan Products
Multi-Family, Retail, Office, Industrial, Mixed-Use
- Up to $5,000,000
- Max 75% LTV
- Interest rate 9.25% - 11.00%
- Origination 1% - 2%
SFH, Condo, Apt Complex, Fix-n-Flip, Rentals
- Up to $3,500,000
- Up to 75% LTV
- Interest rate 8.75% - 10.50%
- Origination 1.25% - 2%
Acquisition, Expansion, Senior Living, Laundromats
- Up to $5,000,000
- Up to 70% LTV
- Interest rate 9.50% - 11.00%
- Origination 1% - 2%
Refinancing, Transitioning Homes, Distressed Property
- Up to $4,000,000
- Up to 75% LTV
- Interest rate 9.25% - 11.00%
- Origination 1.25% - 2%
Santa Barbara Private Money Loans
Crescent Lenders is a direct California hard money lender with over a decade of experience funding hard money loans in Santa Barbara County.
Lending our own money allows us to act quickly to fund your commercial or residential real estate deal.
Over the past decade, we have successfully funded over 100 million dollars worth of private money loans for California real estate investors.
Our longevity can be attributed to our superior customer service, competitive interest rates, and low origination points relative to our competitors.
Pre-Qualify for a Santa Barbara Hard Money Loan
Call us today for a brief 5 to 10-minute conversation to get same-day pre-approval.
Once terms are agreed upon, funding can be provided in as little as 5 to 7 days.
While your credit score will be a factor, our primary concern is the loan-to-value ratio of the property being used as collateral.
It's important for borrowers to have at least a 25% down payment or equity in the property.
We Don't View Our Borrowers as Clients but Rather as Partners
As the lender, it’s our best interest to have our borrowers succeed.
Therefore, we will only lend money to borrowers we deem capable of making monthly interest payments and who can repay us.
Every day, we encounter borrowers with unique loan requests.
Whether you want to purchase an apartment complex to rent to UCSB students in Isla Vista, would like some extra cash to renovate your family home in Montecito, or perhaps need to refinance your existing hard money loan on an office building you own in Goleta — whatever your situation, Crescent Lenders is available to assist with your Santa Barbara hard money needs.
A Santa Barbara hard money loan can be the difference between you being the winning or losing bidder on a property.
Borrowers enjoy working with us; check out our reviews below.
Reviews
Types of Santa Barbara Private Money Loans
Crescent Lenders works with residential and commercial real estate investors looking to purchase investment property in Santa Barbara and California.
Our hard money loans are backed by a hard real estate asset, and we fund various types of loans, including:
- Fix & Flip loans: Short-term loans are used to quickly buy, renovate, and re-sell property.
- Refinance Loans: These are used by real estate investors who want to renew an existing hard money loan or obtain a more affordable interest rate with better terms.
- Purchase Loans: real estate investors use these loans to acquire investment properties quickly.
- Estate Loans: Also known as inheritance loans, trust loans, or probate loans, lenders allow beneficiaries to borrow against an estate going through probate.
- Bridge Loans: These are often used to purchase a new home before selling your old home.
- Private Money Loans: Also known as hard money loans or bridge loans are short-term loans made by individuals and companies to real estate investors.
- BRRR Loans: BRRRR stands for buy, rent, rehab, refinance, repeat. These short-term loans are used to purchase and rehab a property. Once renovations are completed, the investor will transition into a long-term conventional bank loan.
Obtaining a hard money loan with Crescent Lenders is substantially easier than getting a conventional bank loan.
Our underwriting process heavily focuses on the loan-to-value ratio of the real estate being used as collateral.
Our objective is to find out if you:
- have 25% or more invested in the collateral
- have a sound exit strategy to pay us back
- are capable of making the required monthly interest payments
Recent Deals
About Santa Barbara
Santa Barbara is a small city between the Pacific Ocean and the Santa Ynez Mountains.
Referred to as the American Riviera, its 100,000 residents and visitors enjoy great surfing, world-class wineries, and consistently perfect weather.
However, all these great qualities of life come at a price!
Santa Barbara consistently ranks in the top 5 most expensive cities to live in the nation and consequently has some of the most expensive real estate in America.