A hard money Blanket loan closed on three income producing properties in Bakersfield, CA 91353.
This blanket loan against one Commercial Building and two investment SFR dwelling’s provided restructuring capital for the borrower’s corporate operation that involved changing the mixture of debt and equity in the company’s capital structure.
Bakersfield is a charter city in Kern County, California. It is the county seat and largest city of Kern County. Its economy is centered on many diverse industries…is Home of the “Bakersfield Sound,” the distinct genre of country music made popular by Buck Owens, Merle Haggard, Billy Mize and others…has a Frank Lloyd Wright-designed house…is one of only six stops featured on Yelp’s “Perfect West Coast Road Trip” from Seattle to San Diego…and has welcomed U.S. presidents during their terms of office for more than 120 years: Rutherford B. Hayes (1880), Benjamin Harrison (1891), William McKinley (1900), Howard Taft (1909), George W. Bush (2004), and Barack Obama (2012). Source: Wikipedia and Visit Bakersfield
Here are the loan details:
- Commercial & Residential SFR’s
- Refinance
- Purpose – Restructuring Capital
- Loan-to-Value (ARV) – 56%
- First Trust Deed
- 60 Month Term
- Principal & Interest Payments
- Kern County, CALIFORNIA
- PRINCIPAL AMOUNT: $680,000.00
For more information on our Hard Money Loans or Trust Deed Investments, call our office at 714.838.1474 ext. 102 or visit our:
