San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $173,000 Hard Money Bridge Loan secured on a Multi-Family Property in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term bridge loan to purchase another Fix and Hold Project. Many investors in today’s market need to close quickly on opportunities, and this was the case for the Borrower. Without the ability to do a cash-out refinance, they would not have had enough funds to close on their purchase.
The biggest hurdle on this transaction was that the loan was secured in 2nd position on the Multi-Family Property and the Borrower needed to close in less than 10 business days which wasn’t enough time to order an appraisal. Because the Borrower was a repeat client and approved through our Preferred Borrower Account Program with an excellent track record with TaliMar Financial, we completed an internal valuation of the property in less than 3 days and approved the loan in less than 5 days.
This loan was a great example of a real estate investor using a DIRECT LENDER to fund their transaction. As a Direct Lender, TaliMar Financial can approve and fund private money loans in less than 5 business days.
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!