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:

  • 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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