Recently Funded Hard Money Loan in Bakersfield, CA for $159,150

Previous and successful Mortgage Vintage borrower and real estate investor was seeking a $59,150 1st mortgage to renovate and update this property in Bakersfield.  $20,000 of the loan proceeds will be held back in funds control.  After completion of renovation, Borrower intends to sell property.

Subject Property is a non-owner occupied single-story, 3 BR / 2 BA SFR in Bakersfield.  The home has 1,042 sqft of living space and is situated on 6,524 sqft lot.  Subject property is in need of updating and general maintenance.  Subject property is conveniently located near the Golden State HWY, shopping, restaurants, parks, banks and medical offices, as well as, North Beardsley Elementary School and Beardsley Junior High School.

Recent Transaction – $59,150 Business Purpose, Bakersfield, CA