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Karpe Real Estate Center describing itself
Karpe Real Estate Center
Bakersfield, CA·Founded 1926·1 state
Karpe Real Estate Center is based in Bakersfield, Kern County, California. We have been funding and servicing private money (hard money) mortgage loans secured by real estate since 1926. As a direct private money (hard money) lending company, we specialize in a variety of lending solutions.
Loan programs
Offers— no published terms
Terms & qualification
- Typical loan size
- $30K – $2M
- Typical term
- 6 mo – 60 mo
- Interest rate
- 10.5% – 15%
- Origination / points
- 2% to 10%
- Lien position
- 1st
- Prepayment penalty
- Typically 3 months at 1% of the loan amount
- Payment structure
- Interest Only
- Recourse
- Always
- Closing speed
- 14 days typical · 5 days fastest
- Prepayment structure
- None
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA