Hard Money Loan Closed in Bakersfield, California

A hard money ‘Purchase’ loan recently closed on a bank owned REO property in Bakersfield, CA.  The loan financed the purchase of an investment property for a real estate investor. The property needs repairs estimated at $20,000 and will be made from borrower funds. Upon renovation, the property will be held as a rental.

Here are the loan details:

• SFR-ATTACHED
• Purchase – Standard
• Purpose – Fix & Hold
• Loan-to-Value: 55% “AS IS” Value
• First Trust Deed
• 60 Month Term
• Principal & Interest Payments
• San Bernardino County, CALIFORNIA
• PRINCIPAL AMOUNT: $72,000.00

For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 or visit our:

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