Government Contract | California
providing a mortgage loan

Bid Information

Bid Alert No: 00000574413

Bid Title: providing a mortgage loan

Agency Bid No. Title: Not Stated

Received Date: 05/19/2016

Close Date: 06/10/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated


Specifications include, but are not limited to:This is a request for proposal (RFP) from lenders who are interested in providing a $3,600,000 mortgage loan with respect to the Central Office of the Housing Authority of the County of Kern at 601-24th St in Bakersfield, California. This will be a 20 or 30 year fixed and fully amortized loan. This loan will include a final payoff of the existing loan with WestAmerica Bank in the amount of 2,568,377 with a payoff date no later than October 19, 2016. All closing costs and any other fees will be added to this loan amount with the remaining funds to be spent on rehabilitation costs. We will consider both tax-exempt and taxable financing. The Central Office is an existing approximately 35,000 square foot 2-story building built in 2001 that houses the administrative offices for the Housing Authority. Approximately 3,695 square feet is leased by two tenants for monthly revenue of $5,075

Bid Related Documents

Download Solicitation Notice

Product Code: 94664

Agency Information

Issuing Agency: Kern County Housing Authority

State: California

Agency Type: State and Local

Contact: Stephen Pelz, Housing Authority of the County of Kern 601 24th Street, Bakersfield, California, 93301

Phone: 661-631-8500




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