California Hard Money Lender
Based out of Los Angeles, California, Crescent Lenders has provided hundreds of millions of dollars to both commercial and residential real estate investors since its inception in 2011.
They are a direct private money lender (not a broker) with rates from 7.99% and loan amounts ranging from $200k to $5 Million dollars.
Their small and efficient team allows them to quickly analyze your deal and they can deliver rapid real estate investment financing for your fix & flip, purchase, refinance, 1031 exchange or probate loan.
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 |
| Interest Rate | 8.75% to 11% |
| LTV | 75% |
| LTC | 80% |
| 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 |
Crescent Lenders, a Los Angeles-based California hard money lender, recently announced the successful funding of a $2.1 million bridge in Ventura County.