Private Money for Central California Real Estate
Karpe Real Estate Center is based in Bakersfield, Kern County, California. We have been funding and servicing private money (hard money) mortgage loans secured by real estate since 1926. As a direct private money (hard money) lending company, we specialize in a variety of lending solutions.
- Residential, Multifamily, Commercial Properties
- Purchase, Rate and Term Refinance, Cash Out Refinance
- Rehab Fix & Flip or Hold
- Ground-Up Construction
- Owner-Occupied Homes
While investment/business purpose loans are preferred, we can offer owner occupied loans on Single Family Residential properties.
Our rates are competitive with other private money lenders in the Central Valley, and we can offer quick close scenarios. There are no due diligence or upfront fees, and we provide same day approval. We separate ourselves from the competition through our knowledge and experience of the private money loan process, and the unique problems presenting themselves in all forms of real estate.
Please Note: We do NOT offer loans for agricultural or cannabis-use properties.
Property Geographic Area Details
Loan Amounts
Interest Rates
Loan Terms
Origination Fees
Lien Position
Maximum Leverage
Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Commercial Value-Add
Residential Construction
Multifamily Construction
Commercial Construction
Property Types
- 2-4 Units Residential
- Adult Day Care
- Assisted Living Facility
- Auto Dealership
- Auto Repair
- Bed and Breakfast
- Car Wash
- Casino
- Child Day Care
- Church
- Cinema
- Club
- Commercial Condominium
- Community Center
- Condominium
- Cooperative
- Event Center
- Gas Station
- Gym
- Healthcare
- Hospital
- Hostel
- Hotel
- Industrial
- Manufactured Home
- Mixed-Use
- Mobile Home
- Mobile Home Park
- Motel
- Multifamily
- Night Club
- Office
- Parking Garage
- Place of Worship
- Portfolio of Commercial Properties
- Portfolio of Residential Properties
- RV Park
- Religious Facility
- Retail
- School
- Senior Housing
- Single Family Residence
- Storage Facility
- Student Housing
- Theater
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Residential Long-Term Rental
- Residential Owner-Occupied
- Commercial Bridge
- Commercial Property Value Add
- Commercial Ground-Up Construction
Specialty Loan Types
- 2nd Mortgage Equity Cash Out
- Commercial Permanent Financing
- Condo Conversion
- Discounted Note Payoff
- Note Purchase
- Partner Buyout
- Primary Residence Bridge
- Primary Residence Business Purpose Cash Out
- Residential Long-Term Rental
- Residential Non-Prime
- Residential Short-Term Rental
- Vacation Rental
Junior Lien Loan Amounts
$30,000 to $150,000
Junior Lien Interest Rates
12% to 15%
Junior Lien Loan-to-Value
50%
Junior Lien Origination Fees
4% to 6%
We Fund Junior Position Loans
Rarely
Junior Lien Types
- Purchase
- Refinance
- Equity Cash Out
- Mezzanine
Max Loan-to-Purchase Price
70%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Seller Financing
- Gap Lender
- Crowdfunding
- Family
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
90%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
6Maximum After Repair Value
70%Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
9Max LTC for Ground-Up Construction Costs
90%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
noMinimum Loan Amount
$30,000Maximum Loan Amount
$5,000,000Minimum Interest Rate
9.5%Maximum Interest Rate
12%Minimum Origination Fee
2%Maximum Origination Fee
6%Minimum Loan Term
6 monthsMaximum Loan Term
60 monthsMaximum Loan-To-Value
70%Maximum Loan-To-Purchase
70%Seasoning Time
1 monthsMinimum Debt Service Coverage Ratio
1.00Maximum Debt-to-Income Ratio
50%Will Lend on a Portfolio of Properties
YesMinimum Number of Properties
1Maximum Number of Properties
10Minimum Property Value
$30,000Maximum Property Value
$5,000,000Appraisal Fee
If Appraisal Required
Renovation Construction Draw Fee
$Set by 3rd Party Funds Control
Other Fee
Full list of fees available upon request. Some fees may not be listed here.
Fees which are mandatory for all new borrower clients
- Underwriting Fee
- Multi-Purpose Lender Fee
- Processing Fee
- Funding Fee
- Settlement Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
- Extension Fee
- Renewal Fee
- Renovation or Construction Funds Draw Fee
- Other Fee
Contact Karpe Real Estate Center
Stay Informed About Private Lending
Founded in 1926, Karpe Real Estate was one of the first home building companies in Kern County, located in the Central Valley of California. Through the years, Karpe has modernized and now offers a multitude of real estate services but mainly focuses on Private Money Lending. Acting as trustee, we service approximately $100,000,000 worth of investments, and have a stable of reliable investors. We are a full service company, originating the loan, servicing the loan, and closing loans on the backend when they are paid off. Borrowers deal with our staff directly, and we can guide them through the private money loan process.
When Banks Say No, We Say YES!
Office Locations
Karpe Real Estate8501 Camino Media, Suite 400, Bakersfield , California 93311
Our Team
Stephen Hale
Broker-Associate
CA DRE Broker Lic. - 01997969
NMLS ID - 1931643
Contact Karpe Real Estate Center
Stay Informed About Private Lending
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Our Minimum Loan Amount Is
$30,000
What We Do
- Central California Only
- Rehab Fix & Flip or Hold
- Ground-Up Construction
- Owner Occupied Homes
- Seller Financing Allowed up to 90% CLTV
Not Available
- NO 100% Financing
- NO Agricultural Properties
- NO Cannabis-Use Properties
- NO Land, except with additional collateral