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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 $199,250 2nd Position Hard Money Bridge Loan secured on a Single-Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
A local mortgage broker approached TaliMar Financial seeking a short-term bridge loan in 2nd position for their client to purchase another investment property. They needed to close quickly because they needed the funds in less than 5 business days to close on the other property. The property was leased with a long-term tenant, and the income generated from the rents was sufficient to pay for the 1st and 2nd position loan.
The biggest hurdle on this transaction was that the loan request was a 2nd Trust Deed. Most hard money lenders will not fund 2nd trust deeds because of the risk. However, TaliMar Financial will always go the extra mile for our clients and attempt a solution. In this case, the loan to value ratio was low, the borrower had strong credit, and the income generated from the property was sufficient to pay for the entire debt service.
This loan was a great example of the TaliMar Financial team finding a solution for our borrower. The Borrower was very helpful in providing us the relevant information for the loan request. Instead of giving up on the loan immediately, our team considered several options and provided the Borrower with our best option. The Borrower agreed and we created a win-win solution.
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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