Best for investors renovating residential properties for resale.
| Loan Program | |
|---|---|
| Loan Type | Fix & Flip |
| Property Types |
|---|
| Small Multifamily, Residential, Condos, Townhomes |
| Loan Economics | |
|---|---|
| Loan Amount | $200k to $3.5m |
| Loan Term | 3 to 12 months |
| Origination Fee | 1 to 2 points |
| Interest Rate | 8.75% to 11.00% |
| Loan-to-Value (Max) | 75% |
| Payment Structures | Interest-Only |
| Loan Profile | |
|---|---|
| Second Position Loans Allowed | sometimes |
| Cross-Collateralization Allowed | yes |
| Appraisal Required | sometimes |
| BPO Allowed | sometimes |
| Extensions Allowed | sometimes |
| Prepayment Penalties | sometimes |
| Property Profile | |
|---|---|
| Owner-Occupied Properties Allowed | no |
| Rural Properties Allowed | sometimes |
| Short-Term Rentals Allowed | no |
| Purchases From Auction Allowed | no |
| Borrower Profile | |
|---|---|
| First-Time Investors Allowed | yes |
| Foreign Nationals Allowed | yes |
| Credit Check Required | sometimes |
| Personal Guarantee Required | sometimes |
Based in Los Angeles, Crescent Lenders has funded hundreds of millions in commercial and residential real estate since 2011.
As a direct private money lender, not a broker, they offer competitive rates starting at 8.75% and loans from $200K to $5M.
Their lean, efficient team quickly evaluates deals, providing fast financing for fix & flip projects, purchases, refinances, 1031 exchanges, or probate loans.
Crescent Lenders, a Los Angeles-based California hard money lender, recently announced the successful funding of a $2.1 million bridge in Ventura County.