Recent Transaction – $150k in Bakersfield

Fix and rent loan funded in Bakersfield, CA

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Property / Loan Information
Property Type Multi family 6 unit
Lien Position 1st Trust Deed
Trust Deed Amount $150,000
Property Valuation $250,000
Amortization and Term 40 Year amort/due in 2 years
LTV on As Is Valuation 60%
Loan Type Fix and Rent
Occupancy Non-Owner Occupied
Rate for Investor 10%