Bakersfield Hard Money Lender

Bakersfield Hard Money Lender

In the Bakersfield real estate market, grabbing properties before your competition is essential for making the best deals. Although real estate investors sometimes go the traditional route and seek bank loans, the process is anything but speedy.

When time is of the essence, waiting for the lengthy process of getting approval is not an option for most investors. Bakersfield hard money lenders specialize in providing hard money loans which provide quick funds to investors. These loans are for a non owner occupied property or in some cases for business purpose loans.

Bakersfield Hard Money Lender FAQ’S

Below are some of the most frequently asked questions we get regarding hard money loans and lenders in Bakersfield.

What Do Bakersfield Hard Money Lenders Specialize in?

Bakersfield hard money lenders specialize in providing short-term, creative financing for real estate investors. If you seek a conventional lender to purchase an investment property, your loan request will be based on the property’s value and your assets. Your credit score, job, and finances will be scrutinized intensely.  Hard money lenders base their final loan decisions on the after-repair value. The ARV represents the potential value of a property after all repairs have been accomplished.

What are the Benefits of Bakersfield Hard Money Loans?

Bakersfield hard money loans offer advantages that traditional banks cannot. Lenders like Acamnet Financial offer a higher level of flexibility than banks.  When qualifying for this type of loan, lenders do not delve too deeply into the finances of real estate investors. In most cases, simply present the property and your plans, which saves you the hassle of gathering countless financial documents.

Do Bakersfield Hard Money Lenders Look at my Credit Score?

One of the greatest benefits of working with Bakersfield hard money lenders is the lack of credit score requirements. One of the first things a bank does is check your credit score.  You can get approved for a hard money loan in Bakersfield even if you have bad credit or poor credit, bankruptcies, and foreclosures in the past. Bakersfield Hard money lenders primarily care about the property you are purchasing.

What is the Interest Rate & Points for Hard Money Loans in Bakersfield?

Interest rates for hard money loans in Bakersfield are typically higher than traditional bank loans (conventional loans) because of the greater risk lenders must take on when approving loans. When searching for a hard money lender near me in Bakersfield, you will find average interest rate is between 8%-15%.  You should also be aware that lenders sometimes charge points that are meant to offset their administrative costs. Each point represents 1% of the total loan amount.  The average points lenders charge is between 1 to 3. Some lenders may charge up to 10 points. These points are due upfront or at closing, depending on the lender.

What Should I Look for in a Bakersfield Hard Money Lender?

There are many benefits to working with a Bakersfield hard money lender.  You just need to make sure you are working with the right lender.  You can rely on Acamnet Financial Group when you need us most.  We offer reliability, consistency, experience, and support.  As a real estate investor, you know the importance of grabbing the best property deals when they become available.

How can Hard Money Lenders in Bakersfield Help Me?

Whether you are new to real estate and real estate projects or an old pro, you know having the capital to purchase real estate is essential. Without funds, you will miss out on real estate transactions.  When you partner with hard money lenders in Bakersfield, you will quickly get the money you need without jumping through the hoops of traditional bank lenders.

How do I get a Hard Money Loan in Bakersfield?

When you want a hard money loan in Bakersfield, begin by preparing the property information. Location, size, purchase price, after repair value, repair costs, etc.  In most cases, the financing will be based on these numbers.  Then, apply for a hard money loan in Bakersfield using this information and supply some financial information.  Then, an appraisal will be ordered to assess the loan-to-value ratio, which will influence the loan amount.

How do I Refinance a Bakersfield Hard Money Loan?

Refinance a Bakersfield hard money loan will involve moving from a high interest, short term loan to a longer term, usually lower interest rate loan. Typically a conventional type of loan.  When refinancing a Bakersfield hard money loan you will find it will have a more stringent set of guidelines.  You will need to have sufficient credit and income qualifications.  As the lending landscaping and regulations constantly change, you want to consult a knowledgeable conventional loan expert.

Here’s other cites we can help with in California: California hard money lender

Current Real Estate Trends In Bakersfield (2024)

Research and data sources support the accuracy and objectivity of the content, allowing readers to make informed decisions regarding their involvement in this sector.

A comprehensive understanding of the present state of the real estate market in Bakersfield is provided. The analysis looks at the current dynamics, enabling readers to make sound decisions. Various data sources are used to guarantee the accuracy of the information.

By looking at key indicators such as property market overview, supply and demand trends, and newly built home sales, this article aims to create a comprehensive assessment of the current real estate landscape in Bakersfield.

Property Market Overview

The property market in Bakersfield is on the rise, making it an attractive choice for prospective buyers and investors. Reasons for increased demand include a growing population, a robust job market, and an affordable cost of living compared to other places in California. Consequently, there has been a consistent high demand for properties in Bakersfield, leading to an increase in prices.

The area’s advantageous location, with quick access to major highways and close proximity to cities like Los Angeles and San Francisco, is also a major plus.

To get a better understanding of the real estate market in Bakersfield, it is essential to analyze the supply-demand trends.

Supply and Demand Trends

The Bakersfield housing market is exhibiting signs of a potential shift towards higher demand for properties. A number of factors are contributing to this trend:

– Mortgage interest rates are encouraging buyers to take advantage of the favorable borrowing conditions.
– The population growth in Bakersfield is creating a higher need for housing.
– The limited supply of available properties is causing buyers to compete more heavily.
– The affordability of Bakersfield compared to other cities is attracting buyers.

These trends indicate a positive outlook for the real estate market in Bakersfield, with the potential for increased property values and sales.

Additionally, the increased demand for housing is driving increased construction activity in the area.

Newly Built Home Sales

The real estate market in Bakersfield is flourishing with the rising demand for newly constructed homes. People’s preferences have shifted with the growth of population, improved economic conditions, and the incentives offered by developers. Homeowners are increasingly looking for modern amenities and energy-efficient features that are often found in newly constructed properties.

Low interest rates and accessible mortgage options have made it easier for potential buyers to invest in these homes. Developers are responding to this demand by constructing more new homes, driving the market and contributing to the overall growth of the real estate sector in Bakersfield.


All About Bakersfield

With a population of over 400,000, Bakersfield is ranked 48th in the United States and 9th in California. It has a population density of 2,700 people per square mile, making it a bustling hub of activity.

Bakersfield is well-known for its role in agriculture and energy production, holding the title of the most productive oil-producing county in California and the fourth most productive agricultural county in the whole country.

But that’s not all – Bakersfield is also the birthplace of the renowned Bakersfield sound, a major contribution to the country music genre.

With a long history that dates back thousands of years and a serious earthquake in 1952, Bakersfield has seen tremendous growth, bringing in a diverse population of people from different regions.


Bakersfield is one of the fastest-growing cities in California. Its population increased by 400% between 1970 and 2010. As of 2020, the city’s population stands at 403,455, making it 48th in the US and 9th in the state. It has a population density of 2,700 people per square mile, making it the most populous city in its county. The urban population of Bakersfield is 570,235, with a population density of 4,316.0 per square mile.

The city’s rapid expansion can be attributed to various factors. Its geographical location, close to the Tejon Pass, makes it a key transportation hub for the region. Additionally, Bakersfield’s economic importance as both an agricultural and energy production center has attracted many people to the area. It is the most productive oil-producing county in California and the fourth most productive agricultural county in the United States.

Economic Importance

Recognized as a major agricultural and energy production center, Bakersfield has had a profound effect on the region’s success and evoked a sense of pride. Kern County, where the city is located, is the number one oil-producing county in California. It also stands among the top four agricultural counties in the United States by value.

A variety of industries exist in Bakersfield, such as natural gas and energy extraction, mining, petroleum refining, distribution, food processing, and corporate regional offices. These businesses not only help the local economy but also provide employment opportunities for locals.

The city has also gained recognition as the birthplace of the Bakersfield sound, a country music genre that has attracted many visitors and added to the local culture. In 2010, Bakersfield had a gross metropolitan product of $29.466 billion, making it a diverse and prosperous area. Its strategic location, near mountain passes such as the Tejon Pass, and being a regional transportation hub have all contributed to the economy’s growth.


Explore the fascinating past of this vibrant city and be captivated by the stories of strength and expansion. Native American settlements existed here for thousands of years prior to 1776 when Spanish missionary Francisco Garcés explored the area. In 1863, Thomas Baker founded the city and it became officially incorporated in 1873. It was also made the county seat in 1874, replacing Havilah.

The city was faced with a major challenge in 1952. On July 21, a powerful 7.5 magnitude earthquake struck the area, leading to damages in nearby areas. Although Bakersfield experienced minimal structural damage, there were no casualties. Nonetheless, a big aftershock on July 29 caused anxiety of flooding from the Friant-Kern Canal. The city was struck again on August 22 and historic buildings were severely damaged.

Bakersfield has faced many difficulties and has grown to be one of the quickest-developing cities in California. Its closeness to mountain passes such as the Tejon Pass has played a role in its progress and the city serves as a regional transportation center.

1952 Earthquake

Step back to 1952 when a powerful earthquake shook the city, leaving nearby areas in ruins but luckily not causing major destruction in Bakersfield. On July 21, a 7.5 magnitude earthquake hit the region, causing destruction in Tehachapi and Arvin. However, Bakersfield experienced just minor architectural damage and, thankfully, no lives were lost.

The city was tested once more on July 29 when a large aftershock raised fears of flooding from the Friant-Kern Canal. Then, on August 22, 1952, another earthquake struck, resulting in heavy damage to historic structures.

Despite these struggles, Bakersfield managed to move forward and continued to grow. Between 1970 and 2010, the city’s population jumped by an astonishing 400%. Bakersfield is known as one of the fastest-growing cities in California, partly due to its closeness to mountain passes like the Tejon Pass. Additionally, it has become a regional transportation hub, luring businesses and people alike.

The 1952 earthquake was a significant moment in Bakersfield’s history, displaying the city’s tenacity in the face of difficulty. From there, the city saw immense population growth and became a major economic center in the region.

Population Growth

Bakersfield has seen a remarkable population growth, and its history reveals its transformation into a bustling economic hub. Over the years, the city has experienced remarkable growth, making it one of the fastest-growing cities in California. Between 1970 and 2010, the population skyrocketed by 400%, and there are many reasons behind such an incredible increase. Its close proximity to the Tejon Pass and its role as a major transportation hub are some of the main reasons why so many people have moved to Bakersfield.

Apart from its geographical advantages, Bakersfield is also an important economic hub. Kern County, where the city is located, is the most productive oil-producing county in California. Additionally, it is the fourth most productive agricultural county in the United States. All of these factors have contributed to the city’s economic growth.

Today, Bakersfield is a very diverse community. The 2020 census showed that 53% of the population identified as Hispanic, making it the fifth-largest majority-Hispanic city in the United States. The oil industry has also attracted numerous people to the city, further enhancing its cultural and economic diversity.

Thanks to its rapid population growth, Bakersfield is now one of the most significant metropolitan economies in the United States. In 2010, its gross metropolitan product reached $29.466 billion, making it the 73rd-largest metropolitan economy. Bakersfield’s strategic location and thriving industries such as agriculture, energy, and manufacturing continue to drive its economy and make it a city of great importance.