Construction Loans in Bakersfield, CA
Find lenders offering construction loans in the Bakersfield, including Delano, Wasco, and surrounding areas. Compare rates, terms, and programs from 13 lenders.
Construction Lenders Serving Bakersfield
13 lenders offering construction loans in the Bakersfield, CA area.
CoreVest Finance
LocalIrvine, CA
Rental portfolio and bridge lender for residential real estate investors. Build-to-rent and portfolio financing specialist. Redwood Trust subsidiary.
Stbridge Capital
LocalLos Angeles, CA
Private money lender in California. Bridge, fix-and-flip, and ground-up construction loans. Fast closings for experienced investors.
Wells Fargo
LocalSan Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
Bank of America
Charlotte, NC
One of the largest US banks. Commercial real estate lending, construction financing, and SBA loans through nationwide branch network.
Broadmark Realty Capital
Seattle, WA
Private real estate lender offering bridge, construction, and land loans. Now part of Ready Capital. Loans from $500K to $25M+.
JPMorgan Chase
New York, NY
Major CMBS originator and commercial lender. Full range of CRE financing including conduit, agency, and balance sheet.
KeyBank Real Estate Capital
Cleveland, OH
Major bank CRE lender. Balance sheet, agency, and CMBS lending for multifamily, office, retail, and industrial properties.
Lima One Capital
Greenville, SC
Private lender for real estate investors. DSCR loans require 1.5+ ratio, min FICO 700. 5, 10, and 30-year options. Up to 75% LTV on purchases.
Merchants Capital
Indianapolis, IN
Bank-backed commercial lender active in 47 states. Over $6.8B in financing. Specializes in multifamily, affordable housing, and healthcare.
New Silver Lending
FL
Direct lender for real estate investors. DSCR loans with no minimum DSCR requirement. Also offers fix-and-flip, bridge, and construction loans.
PNC Real Estate
Pittsburgh, PA
Top-10 US bank with dedicated commercial real estate lending. Construction, bridge, and permanent financing for major property types.
US Bank
Minneapolis, MN
Fifth-largest US bank. CRE lending including construction, permanent, and SBA loans. Strong in multifamily and affordable housing.
Vaster
Miami, FL
Commercial bridge loan lender for CRE investors. Flexible short-term financing for acquisition, rehab, and construction.
Bakersfield Commercial Real Estate Market
Bakersfield's CRE market is uniquely tied to California's oil and gas industry, with Kern County producing roughly 70% of the state's crude oil output, supporting a network of industrial service companies and related office demand. The Rosedale Highway corridor in northwest Bakersfield is the primary commercial growth area with newer retail and office developments, while the Ming Avenue corridor and the California Avenue district near Bakersfield College serve as established commercial nodes. Industrial demand extends along Highway 99 and Lerdo Highway, where food processing, agriculture logistics, and energy services converge. The metro has attracted growing attention from logistics operators seeking affordable alternatives to the congested Inland Empire market.
Key Economic Drivers
- ●Kern County oil and gas production and energy services companies (Chevron, Berry Petroleum)
- ●Agricultural shipping, cold storage, and food processing (Grimmway Farms, Bolthouse Farms)
- ●Meadows Field Airport and Highway 99 logistics corridor
- ●Kern Medical Center and Adventist Health Bakersfield hospital campuses
Market Insight
Bakersfield offers some of the lowest commercial land costs among California metros, with industrial land pricing at a fraction of Inland Empire rates, making it increasingly attractive for build-to-suit distribution and food processing facilities.
Construction Loans in Bakersfield, California
Commercial construction loans fund new development or major rehabilitation projects. Funds are disbursed in stages as construction progresses. Most are short-term (12-36 months) and convert to permanent financing upon completion. In the Bakersfield metro area, borrowers can access 13 lenders offering Construction financing, including Delano, Wasco, and surrounding areas. Loan amounts typically range from $500K to $100M with rates from 7% - 10%.
Who Should Consider Construction Loans?
- Ground-up development
- Major renovations
- Land + construction
- Build-to-suit projects
Key Requirements
- Detailed construction plans and budget
- Licensed general contractor
- Building permits
- Development experience (strongly preferred)
- 20-35% equity
Advantages
- ✓Interest only on drawn funds
- ✓Funds disbursed as needed
- ✓Can include land acquisition
- ✓Construction-to-permanent options available
Considerations
- •Requires detailed plans and budgets
- •Draw schedule inspections
- •Higher rates during construction
- •Completion risk on borrower
Construction Loans in Other California Cities
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