tel: 888.868.8467
National City, CA – TaliMar Financial, a National City Hard Money Lender, is excited to announce the most recent funding of a $540,000.00 Hard Money Bridge Loan, secured on a restaurant in National City, CA. The loan was originated by Brock VandenBerg.
We originally contacted through a mortgage broker on this transaction looking to refinance an existing first position that had matured. After a brief call with the broker, we had the borrower submit a formal loan request on our loan submittal platform (submit your loan request today). Once the loan request was received, we quickly structured a loan that met the needs of the borrower and issued a term sheet with the list of due diligence items all within 48 hours. The broker assisted the borrower with submitting the diligence items through our Broker Portal (sign up for our Preferred Broker Account program today and view our Broker Portal) and we closed in less than 10 business days.
The biggest hurdle on this transaction was that the existing first position loan had matured and was in default. However, because the Borrower had a good payment history, we got comfortable with the loan request and quickly approved it.
This loan was a great example of why mortgage brokers are increasingly working with the private lending industry to fund their “outside of the box loan” requests. Because we are a mortgage REIT (learn more about TaliMar Income Fund), TaliMar Financial can offer more flexible lending programs for real estate investors and operators.
Special thanks to Julie Halferty at Allison McCloskey Escrow and Ryan Lipsey 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!
Call Us Tap to Call 
