San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $430,500 Hard Money 30 Year Rental Loan, secured on a single-family home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a long-term borrowing option for their vacation rental investment property. They had initially tried to work with a conventional lender on the refinance, but because their income was earned from short rental stays, the bank denied the loan. We provided them with a loan program that allowed the borrower to use the short-term rental income to obtain approval for the loan.
The biggest hurdle on this transaction was that the property was a short-term rental. Many Lenders are not comfortable, or even familiar with, how to lend on vacation rentals. We have a program specifically designed for real estate investors that buy and manage vacation rentals.
This loan was a great example of why real estate investors should consider TaliMar Financial for their vacation rental loans. Our team is very experienced in funding these types of loans and would be excited to work with you to identify the right lending solutions. Get started today by submitting your loan request through our Borrower Portal.
Special thanks 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!