Skip to main content
Apply nowApply now
Direct private lending in most states
Call us anytime at 512-617-9400
Program 05
Transactional Funding in Bakersfield
Transactional funding that carries a Bakersfield double close.
For wholesalers and assignment deals, we fund the A-to-B leg so you can close the B-to-C, up to 100% of purchase, with no appraisal or credit check. California has no wholesaling statute, so a Bakersfield double close turns on the real estate broker license line, not a special safe harbor. Kern County's long-held, under-assessed parcels reach the market as heirs face Proposition 19's full reassessment on inherited rentals, a real driver of assignment deals. Business-purpose only, and every structure is set in underwriting.
Same-day
funding
100%
of purchase
Days
not weeks
No credit
check
Typical figures, subject to underwriting and market conditions. Not a commitment to lend.
How it works
Funding is typically same-day with flat-fee pricing and no appraisal or credit check, since the loan is repaid from the simultaneous resale. Bring us the closing docs and we handle the rest.
Who it's for
Wholesalers
Assignment and double closes
Back-to-back closings
Time-sensitive resales
Typical terms
UseFunds the A-to-B leg
LeverageUp to 100% of purchase
TermDays, not weeks
PricingFlat fee
UnderwritingNo credit / appraisal
CloseSimultaneous
*Typical terms, subject to underwriting and market conditions.
Local FAQ
Transactional Funding in Bakersfield, answered.
Do I need a real estate license to wholesale in Bakersfield?
California has no wholesaling statute, so the question runs through the broker license line instead. Business and Professions Code section 10131 requires a Department of Real Estate broker license for anyone who, for compensation, acts "for another or others" in selling real estate or negotiating a loan secured by it. The industry position, that assigning your own equitable interest in a purchase contract is acting for yourself and so does not require a license, while marketing the property itself crosses into brokerage, appears only in practitioner and industry sources, not in a Department of Real Estate guidance document, so treat it as unverified. If you have seen a blog cite "AB 1850" as California's wholesaling law, that bill was not verified and should not be relied on. Talk to a California real estate attorney about your specific contract and assignment language before you rely on either read.
Does a Bakersfield double close pay California's transfer tax twice?
Each leg is its own conveyance and pays its own share, but Bakersfield and Kern County are general-law jurisdictions, so the rate stays the statewide base. California's documentary transfer tax is $0.55 per $500 of consideration, $1.10 per $1,000, and a general-law city or county cannot stack an additional local rate the way a charter city like Los Angeles can. A Bakersfield-specific add-on has not been confirmed present or confirmed absent in our research, so have your escrow officer confirm the exact recording cost before you price a double close down to the dollar.
Who runs escrow on a Bakersfield double close, and is there a standard local double-close custom?
California closes through escrow, not an attorney, and Bakersfield sits closer to the Southern California pattern of a separate escrow company working alongside the title insurer. No attorney is required at closing anywhere in the state. Which side customarily pays the owner's title premium is negotiable everywhere and was not verified for Kern County specifically, and no market norm for structuring a same-day double close in Bakersfield was found in our research. Confirm both the fee split and the funder's ability to close back to back with your escrow and title company before you go under contract, rather than assuming a norm that has not been documented here.
Does the A-to-B funder on my Bakersfield deal have to be a licensed California lender?
Yes, one of two ways. California's Financing Law reaches business-purpose loans secured by real estate, so a lender needs a Department of Financial Protection and Innovation finance lender license, or the loan has to be made or arranged by a licensed real estate broker under the DRE exemption. That licensing also carries the usury exemption: outside one of those two paths, California's constitution caps a written business loan at the higher of 10% a year or 5% plus the Federal Reserve Bank of San Francisco's member-bank rate, which is why the lender's licensing status matters to the rate you are quoted, not just to the paperwork.
Why are so many Bakersfield assignment deals coming from inherited rental property?
Proposition 19 reassesses an inherited rental to full market value, and Kern County has a lot of long-held parcels carrying a deeply stale tax basis. Since February 2021, the parent-child exclusion from reassessment only survives for a principal residence the heir also occupies; an inherited rental or other investment property loses the exclusion and is reassessed to market on transfer. Heirs of a long-held Kern rental often inherit a tax bill several multiples of what the parent paid, which is a real driver of quick assignment contracts and estate sales rather than a hold decision. If your buyer wants to keep the property as a rental instead of reselling again, our DSCR rental loan qualifies on the property's rent rather than their tax returns.
If my B-to-C buyer flips the Bakersfield property within a year and a half, does a disclosure law follow it?
Yes, and it is worth telling your buyer about before they resell. Civil Code section 1102.6h requires the seller of a 1-4 unit property who accepts an offer within 18 months of taking title to disclose any room additions, structural modifications, other alterations, or repairs performed by a contractor, along with the contractor's name and contact information, and to attach permits where available. It applies statewide to offers accepted on or after July 1, 2024, so it reaches your buyer's exit in Bakersfield the same as anywhere else in California. If your buyer plans to renovate before that resale rather than flip as-is, our fix and flip loan funds up to 90% of purchase and 100% of rehab, capped to ARV.
How much cash do I need to close a Bakersfield double close?
Not the purchase price. Transactional funding covers up to 100% of the purchase on the A-to-B leg, so what you bring is your closing costs and our flat fee, not a down payment. The money is out for days, not weeks, because the B-to-C leg funds the payoff in a simultaneous close. Have your Bakersfield escrow officer confirm the recording costs and that they will close both legs back to back before you price the deal to the dollar. Subject to underwriting.
A bank turned me down on credit. Can I still fund a Bakersfield double close?
Yes. There is no credit check and no appraisal on transactional funding. The loan lives for the length of the closing against a contract that already has an end buyer, so the file is your contracts and your escrow, not your score or a value opinion. That is why it is priced as a flat fee rather than a rate, and why it funds in days, not weeks. What we do need is a real B-to-C buyer and a Bakersfield escrow that will close both legs the same day. Subject to underwriting.
More Transactional Funding questions, answered on the program page
Resources
Guides for Transactional Funding
Fix and Flip · 6 min read
Fix and Flip Loan Requirements: What You Need to Get Funded
Read the guide Transactional · 4 min read
What Is Transactional Funding? (Double Closings for Wholesalers)
Read the guide Fix and Flip · 5 min read
Can You Fund a Fix and Flip With No Money Down?
Read the guide Getting Funded · 4 min read
How Fast Can a Hard Money Loan Close?
Read the guide Compare
Transactional Funding vs. other options
More in Bakersfield
Other programs in Bakersfield
Fix and FlipUp to 90% / 100% rehabRental / DSCR30-yr fixed, DSCR from 0.75Ground-Up ConstructionUp to 70% LTV, most statesCRE BridgeUp to $10M, 24-36 moBank Statement / No-DocNo tax returns requiredConventional InvestmentNon-owner-occupied investmentPortfolio LoansMultiple properties, one loanCRE PermanentLong-term agency & permSBA Financing7(a) & 504 placement
About the local figures on this page
Local rules move. Every tax rate, fee, ordinance and market figure here comes from a primary source and carries the date we read it, and we correct them as the rules change. Where a number is mid-change or we could not verify it, we say so rather than guess. Before you commit a budget, confirm anything that drives it with the city or county, and talk to your attorney or CPA on questions of law or tax.
Published by USA Mortgage Funding, LLC, NMLS #152588. Researched from primary sources by our team, drafted with AI assistance, and every figure checked against its source before publishing. Where an answer rests on a public record, that record is linked under it. Figures read on 2026-08-15.
Funding Bakersfield deals fast.
Get real terms, usually same day. No obligation, no hard credit pull to start.