A hard money Acquisition loan closed on 5-Units in Bakersfield, CA 93308.
The loan provided Purchase Money funds to a seasoned real estate investor for the Acquisition of a 5 Unit Residential Income Property with the majority of tenants being long term and having on-site laundry and storage units that provide additional income.
Founded in the mid 1800’s, and incorporated in 1870, the town of Bakersville was named for David Baker, one of the first to live in the area around 1790 and described as “a large land owner, innkeeper, merchant and political leader until about 1859, when he and his family migrated to the far west. Source: Wikipedia
Here are the loan details:
- Residential 5-Units: Duplex & Tri-plex on One Lot.
- Acquisition – Income Producing
- Loan-to-Value (As Is) – 65%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Kern County, CALIFORNIA
- PRINCIPAL AMOUNT: $162,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our: