San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $1,262,000 Fix & Flip loan secured on a single family home in Encinitas, CA. The Borrower intends to complete a heavy renovation of the property and hold it as a long term rental. The Borrower will update the floor plan of the existing home with an additional bedroom and bathroom and build an accessory dwelling unit.
The biggest hurdle on this transaction was the lack of comparable sales in the immediate sub market. The existing home was in very poor condition and the true value was the over sized lot which could be split into three separate parcels. TaliMar was able to get comfortable with the Borrower’s plan to renovate the existing structure, hold for rental income, refinance our loan with conventional financing, and move forward with the lot split afterwards.
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.
