San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $75,000 2nd position bridge loan secured on a 5 unit multi-family property in San Diego, CA. The Borrower will use the funds to complete some cosmetic updates of the exterior of the property and to hold for future expenses.
The biggest hurdle on this transaction is the current uncertainty in the capital markets. Many owners of residential income properties will face a significant decrease in revenue if tenants stop paying rent. Because of the low CLTV of the loan and the use of the funds, TaliMar Financial was able to get comfortable with the risk.
About TaliMar Financial
TaliMar Financial is a California hard money lender that specializes in funding residential and commercial Fix and Flip, Construction, and Bridge loans. As a direct private money lender, we offer aggressive financing options and typically close our transactions in less than 7 business days. We work directly with real estate investors and property owners as well as real estate agents, mortgage brokers, and other real estate professionals.
Contact TaliMar today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.