Bakersfield Multifamily Long-Term Financing Lenders

Are you seeking long-term private financing for a multifamily property in the Bakersfield metro area? On this page you'll find a list of lenders that offer permanent financing for apartment buildings in Bakersfield’s urban areas. The maximum loan-to-value is typically 80%. For a purchase, investors need a minimum down payment of 20%, and it could be higher depending on the debt service coverage ratio (DSCR), borrower’s credit score, property condition, location and other factors. The loans terms range from 5 to 30 years. The lenders listed here can fund a project with 5 or more apartment units, or a mixed-use project where a majority of the units are apartments. Properties with less than 5 units are technically categorized as residential, not multifamily.