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
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.
