Updated Mar 11, 2025
Logan Investments Provides $2.6M Construction Loan For Bakersfield Development Site
8612 Roaring Fork Street, Bakersfield, CA 93306
$2,600,000
$267/SF
Building Size
9,713 SF
Asset Type
Development Site
Closing
Sep 10, 2021
About this deal
AI
A construction loan in the amount of $2,600,000 was secured for a development site located at 8612 Roaring Fork Street in Bakersfield. The loan is provided by Logan Investments and the lender's representative is Ron Sentchuk from Logan Investments. The loan terms include a first lien on the model homes and a second lien on the vacant land.
Summary of transaction details:
- Loan Amount: $2,600,000
- Loan Type: Construction
- Address: 8612 Roaring Fork Street
- Market: Bakersfield
- Asset Type: Development Site
- Lender: Logan Investments ([email protected])
- Landlord: Chuck Robert Thomason
- Broker: Ron Sentchuk - Logan Investments
This loan transaction involves Logan Investments as the lender, representing Chuck Robert Thomason as the landlord. Ron Sentchuk from Logan Investments acts as the broker in the deal. With the loan amount secured, the construction of the development site at 8612 Roaring Fork Street in Bakersfield can proceed.
On the Map
$2,600,000
$267/SF
Development Site
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Players
Bakersfield Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93