San Diego, CA– TaliMar Financial, a San Diego Hard Money Lender, is pleased to announce our most recent funding of a $1,067,000 Hard Money Bridge Loan secured on a Single Family Home in San Diego, CA.
Our client reached out to TaliMar Financial for a Private Money Bridge Loan to purchase the Single Family Home because they needed to close in less than 5 business days. TaliMar Financial issued a term sheet in less than 24 hours and had loan documents drafted within 3 days of receiving the original loan request.
The Borrower intends to hold the property as a student rental while they get approval for a 15 unit multi-family development. The income generated from monthly rents are sufficient to cover the debt service on the property.
One of the most common reasons why clients reach out to TaliMar Financial for a Hard Money Purchase Loan is because they need to close quickly. As a Private Money Lender, we can quickly structure a Private Money Loan around the needs of the Borrower and close in less than 5 business days. Additionally, we do not require an appraisal or formal property inspection.
About TaliMar Financial
TaliMar Financial is a San Diego 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.