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San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $505,000 Hard Money Fix and Flip Loan secured on a Single Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short-term hard money loan to purchase and renovate the property. This was going to be the first fix and flip completed by our client who had partnered with a very experienced contractor. Due to the partnership, we were able to get the loan request approved with preferred pricing.
The biggest hurdle on this transaction was the Borrower experience. Most lenders require real estate investors to have completed a minimum of 3 projects in the last 24 months. However, because TaliMar Financial manages TaliMar Income Fund I, we can be flexible with first-time investors, structuring loans that minimize borrower risk and maximize borrower profit.
This was another great example of our team working with our client to find a solution. Our experienced team understands that working with a hard money lender to close a transaction quickly can be daunting. That is why we created the Preferred Borrower Account Program. This allows our Borrower to get pre-approved for their loan request before they submit offers. Additionally, we work with our Borrowers throughout the entire process to ensure the transaction closes smoothly. We recommend that you read our article on how to Get Your Hard Money Loan Approved to learn some best practices.
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) 242-4900 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.
Up to 80% of Value
Purchase / Refinance
As Low as 3.875%
Interest Payments Available
Cash Out OK
Minimum Documentation
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Low Rates
Interest Only Payments
Single Family and Multi-Family
California Only
Business Purpose Only
The Preferred Borrower Account Program was designed for the real estate investor. The PBA Program offers real estate investors a secure source of capital for their real estate deals. By getting approved, investors will have access to a TaliMar Financial Letter of Credit, property specific Proof of Funds Letters, 5 Day Expedited closings, and our Wholesale Deal Marketplace.
The process of getting approved is simple. Apply today!
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