Bakersfield Hard Money Lenders

Name: RTI Bridge Loans
Telephone: (562) 857-2285

Looking for a Business Purpose Bridge Loan for investment?

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Last Updated on July 26, 2024

Your Trusted Bridge Loan Lender

LENDING PROGRAM

Loan Term	1 Year
Loan Amount	$150,000-$25,000,000
Amortization	Interest only
Loan to Value	Up to 80%
Interest Rate	Starting at 8.75%
Prepayment Penalty	None
Closing Time	7 to 15 Days
Acquisitions	Increase Capital Stack Repositioning
Refinancing	Cashout Purposes Rehabs

Hard Money Lenders in Bakersfield, CA

If you are looking for hard money financing options in Bakersfield, CA, then RTI Bridge Loans is the best place for all your financial needs. With over three decades of experience, RTI Bridge Loans offers all types of loans and financial solutions to property owners and real estate investors in Bakersfield, CA.

The company serves as a professional hard money lending service to offer quick and reliable financial solutions in Bakersfield, CA. Being a professional hard Money Lenders, RTI is a quick and reliable way to fund your next Flip project or property purchase. If you want to know more about lucrative real estate deals in Bakersfield, CA, contact RTI Bridge Loans at (562) 857-2285 for more information.

40 Years Of Experience

Partner with one of the most reliable and professional direct hard money lenders in California with over 40 years of hard money lending experience.

Fast Approvals And Funding

Quick approvals and direct funding when time is off the essence and need capital on critical opportunities in this fast-moving real estate market.

Leverage Your Money

Maximize Leverage with our financing up to 70-80% LTV of the residential, commercial or mixed project at competitive hard money loan rates.

Click Here to Request Loan Info

Here’s What Our Borrowers Are Saying

Bridge Loans for California Real Estate

Reviews

RTI Bridge Loans

5.0

Based on 19 reviews

review us on

Pavel Herrera

23:47 04 Apr 25

Thank you RTI Bridge Loans for your great service.I would definitely recommend to my friends.I very appreciate it for all the help they provide me.

Tomas Johnson

20:09 04 Apr 25

I had a great experience with their whole team. We closed within 10 days no appraisal or inspections. They also allowed us to raise the loan amount last minute. I'm looking forward to working with them again soon.

Hotline Marketing

04:32 01 Mar 25

I have worked with Tom, Tiara and team over the past 2 years, they have been prompt and timely on my loan funding's they are tops on my bridge loan list!

Matthew Goetz

01:34 01 Mar 25

It was a very good experience and RTI came through as promised

Amrit Bakshi

03:53 27 Nov 24

RTI can close bridge funding fast.

Paul Bellgraph

17:51 26 Nov 24

RTI is amazing lender for 2nd position loans. Fast and easy. Tiarra and Tom are extremely professional and great to work with.

Joe Mikhail

04:26 26 Nov 24

Very professional, easy to talk to, and understandable of what the needs are and what needs to be done,

Eddie Keshishian

01:14 26 Nov 24

I’ve worked with Tiara, Tom, Robert, and Dan and rest of the team from RTI Properties on several deals, and they are great to work with. They are always on time, honest, and keep you updated throughout the process. They approve deals that make sense, which shows they care about making the right decisions. They’re also easy to communicate with and genuinely kind. I highly recommend RTI Properties for anyone looking for a reliable and trustworthy lender.

Nasir Khan

20:44 25 Nov 24

Amazing people to work with. They are always there when you need them. I have great experiences with them and they haven’t let me down ever. Thanks so much RTI.

Shane Shehee

19:28 25 Nov 24

RTI played a crucial role in facilitating financing for a particularly challenging financial situation. After a number of lenders declined the opportunity due to the complexities involved, Tom and Tiara rose to the occasion, demonstrating exceptional skill, knowledge and commitment and effectively secured financing for a borrower facing financial difficulties.

Michael Micci

02:01 28 Sep 24

RTI is the best private lender that I've worked with for the last 5 years hands down! Robert, Tom, Tiara and their team deliver fast results with fantastic customer service. I always look to them first before anyone else and would highly recommend them to any broker, realtor, or investor looking to place a private money loan 🙂 Thanks RTI!!

Joanna Galindo

23:51 26 Sep 24

I have worked with Tom Gans and his team on several transactions a month for a few years now. He is thorough, direct, and will not string you along for any amount of time if a deal cannot be done. He will help if he can, and he will advise without delay otherwise. Great guy to know on a professional basis. Kind, quick and eager to assist. Definitely call him if you're thinking about a bridge loan. He is a longstanding professional - sure-footed and very knowledgable.

Recent RTI Bridge Loan Deals

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We Fund California Real Estate Projects

RTI Bridge Loans, one of the most experienced direct hard money lenders in California serving Los Angeles and Orange County. We fund hard money loans to Real Estate Developers and Investors, regardless of the size or a challenge of the project, ranging from Bridge Loans, fix and flips to Private money Loans and commercial acquisitions. We provide quick approval and funding with competitive rates and reliable service through asset-based lending for various real estate projects and transactions.

Hard Money Loans Real Estate California

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Hard Money Lender Page Contents:

Bakersfield Hard Money Loans
Bakersfield Private Money Loans
Fix And Flip Loans In Bakersfield, CA
Real Estate Market Bakersfield
Neighborhoods Bakersfield, CA
What Is A Hard Money Loan?
Positive Benefits Of Hard Money Loans
Disadvantages Of Hard Money Loans
What Are The Types Of Hard Money Loans
Working With A Bakersfield Hard Money Lender
What You Need To Know About Bakersfield

The Best Real Estate Loan Providers in Bakersfield, California

There is no other lending service that possesses decades of experience and provides all types of loans to fund your real estate projects. Being direct hard money lenders in California, Orange County, and Los Angeles, we can help you fix, flip, or buy your desired real estate property. Regardless of the size of your real estate project, RTI Bridge Loans provides quick approval and funding at competitive rates.

Bakersfield Hard Money Loans

RTI Bridge Loans offer numerous hard money loan options in Bakersfield, CA. For instance, you can apply for bridge loans, fix and flip loans, commercial real estate loans, and private money loans. Hard money loans give you a fast-funded and a secure way to borrow money, avoiding the troubles that come with traditional bank loans. RTI Bridge Loans deal with all your real estate financial funding issues and help you accomplish your real estate goals. Whether you are looking for cold hard cash or you don’t qualify for a conventional bank loan, RTI Bridge Loans will offer you the best possible solution.

Bakersfield Private Money Loans

Serving Los Angeles and its surrounding neighborhoods such as Bakersfield, CA, RTI Bridge Loans specializes in offering all types of hard money loans. If you are looking for a Private Money Loan, then the company is the best place to offer hard money loans to real estate investors and property owners. Qualified professionals working at the company will help you finance rental properties and commercial property in Bakersfield. Considering the favorable living conditions in Bakersfield, CA, it is easy to see why so many people invest in real estate property in the area.

Bakersfield Fix and Flip Loans

One of the most popular and common types of loans is Fix and Flip loans. Such loans allow investors to buy property, renovate it, and sell it at a higher price. You can pay them off as soon as you can sell the property. Since the loan term is short or approximately one year, there is enough time for the investor to renovate the property. Moreover, given the short duration of the loan (roughly one year), enough time is given to the investor to fully renovate the property and put it up for sale on the Bakersfield real estate market.

Contact RTI Bridge Loans today and find out how you can apply for a Fix and Flip loan for your next real estate project.

A Glimpse into Bakersfield’s Real Estate Investment Market

Bakersfield’s real estate market, as of June 2024, stands out for real estate investment due to its affordability and rapid sales. With a median listing price of $415,000 as of June 2024, it’s 6% lower than the national average and significantly cheaper than other major California cities. Homes sell quickly, often within 14 days of listing, making it an appealing market for both first-time buyers and investors. Bakersfield’s strategic location and competitive pricing offer great investment potential.

Top Neighborhoods for Real Estate Investment in Bakersfield, CA

Bakersfield, CA’s real estate market is thriving, making it an excellent choice for investors. Here are the ten best neighborhoods:

1. Amberton
2. City in the Hills
3. Campus Park
4. CSU Bakersfield
5. Homaker Park
6. Downtown Bakersfield
7. Laurelglen
8. Riviera/Westchester
9. Oleander/Sunset
10. Seven Oaks

Best Neighborhoods to Invest in Bakersfield

Why Hard Money Loans are Popular

There are numerous reasons why hard money loans are common among real estate investors. Not only are these loans legitimate, but they are also more convenient than conventional bank loans. You don’t have to wait for months to receive a loan. Since hard money loans offer a quick and easy way to borrow money, you benefit from a hassle-free method of obtaining necessary funding. You won’t experience the tedious and complex lending paperwork that you must submit for a conventional form.

Before we discuss the numerous types of hard money loans such as commercial property loans, fix and flip loans, bridge loans, and private money loans, we will also take a look at the benefits of hard money loans. Unlike conventional bank loans, you don’t have to go through a million hoops to qualify for a loan.

Contact RTI Bridge Loans and get more information on how you can benefit from the best loan type.

Benefits of Hard Money Loans

Here are some of the most popular benefits of hard money loans.

Quick and Hassle-free:

There is no denying that conventional bank loans come with a longer process, but you must also have a high credit score to qualify for a loan. If you are incredibly patient, which means you are willing for at least a couple of months to receive your funds, then traditional bank loans seem like the perfect option. However, if you are in urgent need of funds for your next real estate deal, hard money loans offer the most convenience. RTI Bridge Loans ensure that you get the same loan within three to five days. The entire process never goes beyond two weeks.

Offer Flexibility:

Conventional bank loans do not offer the flexibility you are looking for in an investment. Some financial institutions have strict guidelines and a high criterion that you must meet to qualify for a loan. However, most hard money lending companies such as RTI Bridge Loans, work on flexible terms. Even if you don’t have a perfect credit score, you can still get the hard money loan that you want.

Financial Help for Unique Projects:

If a bank or a traditional financial institution rejects your loan, you can always turn to hard money lenders to fund your dream real estate project. Many unique projects that conventional banks turn down are welcomed by hard money lenders, including Fix and Flip loans. Moreover, banks rarely like short-term goals and will usually turn down any such request.

Contact RTI Bridge Loans in Bakersfield, CA, at (562) 857-2285 for any concerns or questions you have regarding hard money loans.

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Does Hard Money Loan Have Disadvantages?

Here are a few reasons why some people choose not to go for hard money loans.

High-Interest Rates:

Interest rates are naturally higher because hard money loans are short-term. Generally, they sit between 9 to 15%. However, the interest rates in Bakersfield are lower due to competition.

High Down Payments:

Expect down payments to be around 25% to 30% because, without this, your lender will have to take a huge risk.

Short-term and Last-Resort Strategy:

Since these loans are usually last for a year or six months, they are risky for both the lender and the investor.

What are the Types of Hard Money Loan?

Hard money loans refer to a money lending process that is secured by real property as collateral. Various types of loans come under this category. Since these are high-interest and short-term loans, monthly payments are generally interest-only. In case you fail to repay the loan by the end of the loan term, your lender will sell the collateral property to get their money back.

Now that you know the pros and cons of hard money loans, here are some popular types of hard money loans available for your next real estate project. If you want to know more, call at (562) 857-2285 for more information on how to get hard money loans in Bakersfield, CA.

Bridge Loans:

Bridge loans refer to hard money loans dedicated to helping people looking to purchase a new property but have yet to put up their old ones for sale. Such loans serve as a bridge between their old and new property. You can repay the loan as soon as you sell the old property. This way, you can move into your new home without waiting for the old one to sell.

Fix and Flip Loans:

Fix and Flip Loans are popular options in Bakersfield, CA, because of the favorable living conditions and a growing population. That’s the loan you borrow when you want to Fix and Flip property. This project includes purchasing a new property, renovating it, and selling it at a higher price. You will have to borrow money from a lender and secure the property. Once you restore the property and sell it for a profit, you can repay the loan.

Working with Hard Money Lenders In Bakersfield, CA

If you are looking for safe and reliable hard money lenders, RTI Bridge Loans brings 40 years of experience. Thanks to the booming California economy, you can make the most real estate opportunities in Bakersfield, CA. Investors looking to fund commercial and rental properties turn to hard money lenders because conventional bank loans can take months to process. If you have any questions about how to explore the real estate market in Bakersfield, CA, contact RTI Bridge Loans.

What You Need to Know About Bakersfield, CA

Since Bakersfield offers a more affordable real-estate market than other parts of California, more people are relocating there to live a quality life. According to real estate gurus and professionals, there is no better place than Bakersfield to raise a good family. The community and neighborhood offer excellent opportunities to work, live, and enjoy a plethora of activities. Bakersfield offers a strong job market and affordable real estate properties, making it a perfect place to live and retire. Moreover, Bakersfield has a thriving agriculture and oil industry.

With a wide variety of parks to the beautiful Sierra Nevada Mountains, Bakersfield has something for everyone. If you decide to purchase a home in Bakersfield, it will cost you three times less than what you will pay for a property in Los Angeles. Bakersfield is also among the 100 top places to retire. Hence, investing in real estate in the neighborhoods of Bakersfield, CA, is one of the best decisions you can make for scoring a profitable real estate deal. Contact RTI Bridge Loans today at (562) 857-2285 for more information.