Bakersfield Bridge Lenders for Commercial Real Estate
Are you seeking short-term financing secured by commercial real estate in the Bakersfield metro area? On this page you'll find a list of select CRE Bridge Lenders that can finance a Bakersfield property purchase, 1031 exchange, refinance, or equity cash out in 1st lien position. We have a separate page for lenders that can fund a rehab / value-add project. The maximum loan-to-value for most CRE bridge loans is 70%, and some lenders can go up to 75% for retail and industrial properties. The max LTV is typically much lower for office, hotels, and specialty property types.Searching...
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Newport Capital
Easy, reliable, on-time funding that you can count on.
MOR Financial
Hard Money Bridge Loans for California and Florida Properties
First Bridge Lending CRE
Fast CRE Bridge and Value-Add Loans | No Appraisal Required
ROK Lending
Fast flexible CRE bridge financing nationwide and Puerto Rico, with speed and certainty
Wilshire Finance Partners
Commercial Real Estate Loans | Bridge and Value-Add | 1st Lien
Karpe Real Estate Center
Private Lending for Central California Real Estate - Bakersfield, Fresno, Central Valley, Sacramento | Est. 1926
Rubicon Mortgage Fund, LLC
Northern California’s Premier Direct Lender | No Appraisal Required
Select a Metro Area
California is a massive state, and some lenders are selective about where they lend. Filter your search by selecting a metro area:
Northern California: SF Bay Area | Sacramento | Lake Tahoe
Southern California: Los Angeles | San Diego | Orange County | Riverside County | San Bernardino County | Santa Barbara
Central California: Central Valley | Bakersfield | Fresno
Funded CRE Bridge Loans in Bakersfield
Private Money Loan for Commercial Industrial Building in Bakersfield, California
$500,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded a $500,000 1st and 2nd lien position bridge loan for a commercial industrial building in suburban Bakersfield, CA. We funded 75% of the $650,000, while the Borrower contributed 25% cash at closing. The Borrower owned additional property adjacent to the south of the subject building, and those parcels were included in the collateral for the loan on a 2nd position deed of trust. The building was purchased with a long-term tenant in tow, paying enough rent to cover the loan payment. The Borrower plans on redeveloping the adjacent property and either paying off the 1st trust deed in full or refinancing with institutional money. The subject property was in good condition. It was approximately 3,472 square feet set in a 17,424-square-foot lot. The interest rate was fixed at 10.25% with amortized payments. The loan term was set at 60 months. This CRE bridge loan was funded in March 2023.
Private Money Loan for Commercial Retail Building in Bakersfield, California
$900,000
Karpe Real Estate Center, a direct private lender for Central California real estate, funded a $900,000 1st and 2nd lien position bridge loan for the acquisition of a 2-unit commercial rental building in Downtown Bakersfield, CA. We funded 75% of the $1,200,000 purchase price, while the Borrower contributed 25% cash at closing. The Borrower owned the parking area adjacent to this building and had an existing mortgage on that parcel. Karpe worked with the Borrower to go in 2nd position on the parking area and 1st position on the building. The equity in the parking area was used as additional collateral to make the deal meet our 70% total loan-to-value. The loan-to-value on the purchase of the building only was 75%. The deal included a 6-month prepay penalty of 1% of the loan amount. The subject property was in good condition and vacant at closing. It was approximately 8,000 square feet set in a 15,000-square-foot lot. The Borrower had excellent credit. They plan to lease up vacant units and eventually refinance as an exit strategy. The interest rate was fixed at 9.90% with amortized payments. We charged 3% origination points and the broker earned a $22,500 commission. The loan term was set at 5 years. This CRE bridge loan was funded in March 2023.
