Wasco is the Rose Capital, a Kern County farm town northwest of Bakersfield where commercial rose fields once supplied much of the nation's roses, celebrated each year at the Wasco Festival of Roses. Agriculture still drives the economy through roses, almonds, potatoes, and cotton, while a state prison and food-processing operations add employment. Downtown Wasco and the Rose Festival area form the older core along the historic Highway 99 route, the Filburn corridor carries ag-service and commercial uses, and South Wasco holds established and newer residential. Value-tier prices keep both fixers and workforce rentals attractive to investors.
Fidelity Funding is a direct, asset-based lender, so a Wasco investor deals with decision-makers rather than a distant committee. We underwrite the collateral and the plan instead of pages of pay stubs, and we regularly close in five to ten business days. Whether you are flipping an older Downtown Wasco home, holding a DSCR rental for ag and correctional workers, or bridging a commercial building on the Filburn corridor, our capital moves at valley speed.
Wasco's combination of $228K-range housing basis and steady working-population rental demand produces some of the cleaner DSCR yields in California.
Most Wasco files we fund are DSCR rental holds against a $228K-range entry basis with steady working-population tenant demand. Local pocket coverage includes Downtown Wasco, Rose Festival area, Filburn corridor, South Wasco and adjacent Wasco submarkets.
Estimated local median: $228K · Typical loan range: $148K – $285K · Top program: DSCR rental and small commercial
Most Wasco private money loans we fund range from $148K to $285K, sized against an estimated local median around $228K. Loans outside that range are case-by-case based on parcel and scope.
For Wasco, our highest-volume program is DSCR rental and small commercial. We also fund bridge, construction, commercial, and DSCR rental scenarios in this market.
We lend on flips, small multifamily, DSCR rentals, and small commercial across Downtown Wasco, the Rose Festival area, the Filburn corridor, and South Wasco, underwriting on the asset.
Yes. Steady ag, food-processing, and correctional employment keeps demand dependable, and we qualify DSCR loans on the property's cash flow rather than your income.
As fast as five to seven business days once title and valuation clear. As a direct lender, we control funding and match Kern County's value-tier pace.
Yes. We cover up to 100% of rehab plus up to 90% of cost on qualifying deals, so you can close and renovate without draining reserves.
Fidelity Funding Corp · Direct California private money lender since 2006
450 N Brand Blvd, 6th Floor · Glendale, CA 91203 · Mon-Fri 8AM-6PM PT