Recent Funding: $713,000 Construction Loan

San Diego, CATaliMar Financial is excited to announce our most recent funding of a $713,000 Construction Loan in Bermuda Dunes, CA. The loan included funds to complete construction and a 9 month payment reserve. Once construction is complete, the Borrower will refinance the property with conventional financing and hold as a vacation rental.

The loan request was brought to us by a local mortgage broker. The Borrower had purchased the property several years prior and was roughly 20% complete with construction. The purchase and construction costs to date had been funded by the Borrower. The Borrower was looking to finance to remaining costs but because construction had already commenced, they had trouble obtaining conventional financing.

About TaliMar Financial

TaliMar Financial is a California 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 us today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.

 

About the author

Brock VandenBerg is the President of TaliMar Financial.