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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 $850,000.00 Hard Money Bridge Loan, secured on a multi-family in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because their existing hard money loan was maturing, and they needed a longer-term option to obtain building plan approval for a 6-unit multi-family development. Because TaliMar Financial is a direct lender, we could offer a better solution than their existing private lender.
The biggest hurdle on this transaction was that the Borrower contacted TaliMar Financial for the loan two prior to their existing loan maturing. Using the TaliMar Financial Borrower Portal to submit their loan request and the due diligence material. We provided the Borrower an approval in 36 hours and closed in 7 business days. Read our article on How to Get Approved for a Hard Money Loan.
This loan was a great example of why TaliMar Financial is the preferred hard money lender for real estate investors. Our streamlined submittal and approval process has made getting funded by TaliMar Financial quickly and easy. Contact our team today to learn how we can fund your next project.
Special thanks to Julie Halferty at Allison McCloskey Escrow and Marina Nguyen at Ticor Title for assisting us with the close.
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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