Crescent Capital Solutions
401 E. Las Olas Boulevard, Suite 1400
Fort Lauderdale, FL 33301
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About Crescent Capital Solutions
Based in Fort Lauderdale, FL, Crescent Capital Solutions is a private lender providing loans all throughout the United States. Their focus is primarily on hard money loans for commercial properties. They offer loan amounts ranging from $100,000 to $100,000,000 with a maximum LTV of 80%. They will make loans on all the following property types: multi family residences, apartments, office buildings, retail units, hotels, storage buildings, assisted living facilities, mixed use, warehouse spaces, industrial facilities, medical offices, raw land, and churches.
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Loan Types Offered: Commercial Hard Money Loans
Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land, Church
Areas Served: National
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Lending Guidelines for Crescent Capital Solutions
Below are the general loan guidelines published on the Crescent Capital Solutions website. Please confirm all terms and rates directly with the lender.
Commercial Hard Money Loans
Loan Amounts: $100,000 - $100,000,000
Available Rates: N/A
Typical Terms: N/A
Points Charged: N/A
Max Loan-to-Value (LTV): 80%
Max Loan-to-Cost (LTC): N/A
Owner Occupied Allowed: N/A
Interest Only Loans: YES
Prepayment Penalties: N/A
Minimum FICO Score: N/A
Time to Close: 5 - 30 Days -
Loan Examples
The following loans are for education purposes only. They do not represent actual loans executed by Crescent Capital Solutions.
Loan Example 1
Pamela runs a business in Flushing, NY and needs to buy a new office building for her operations. Because she can't get a standard loan from a bank, she looks to Crescent Capital Solutions for a commercial hard money loan. The cost of the property is $330,000 and the lender agrees to contribute 50% of the cost (the loan to value / "LTV"), or $165,000. The other $165,000 will be paid by the borrower when the deal closes. The terms of the loan include a 6 month length, a 8% interest rate, and 4 origination points to be paid by Pamela at the closing. Pamela will need to pay an origination fee of $6,600 and will then begin to make the monthly payments in the amount of $1,100 ($165,000 principle x 8% interest rate / 12 months in a year). She can pay off the note whenever she wants to because there isn't a pre-payment penalty but she will be responsible for the original principle whenever she concludes the loan.
Loan Example 2
Sarah is a real estate investor in Orlando, FL. She purchases an older house for a remodeling project and obtains a hard money loan from Crescent Capital Solutions with the following paramters:
$290,000 sales price
55% loan-to-value (LTV)
12 month term
10% interest rate
2% origination feeIf Sarah accomplishes her goal of a $377,000 sales price, the numbers of the project will be the following:
$377,000 sales price
- $159,500 principle on note (55% LTV)
- $130,500 cash paid at closing (45% on 55% LTV)
- $3,190 origination fee (2% of the $159,500 principle)
- $15,950 total interest paid (12 months x 10% interest)
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= $67,860 gross profit (doesn't include taxes or renovation costs) -
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