Closed! Hard Money Loan in Bakersfield: $236,000 @ 13.00%, 2nd TD, Cash-Out, Single Family Residence, 53.27% CLTV

Bakersfield, Brokers, Recent Transactions

Successful business owner sought a short-term business purpose cash-out 2nd TD on this beautiful custom owner-occupied residence in Bakersfield, CA. The borrower is an Almond Farmer and 100% of the loan proceeds will go towards upgrading the businesses equipment, irrigation, electricity, pumps, and harvest for this next grow. The exit strategy from our loan is…