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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 $621,250.00 Hard Money Bridge 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 bridge loan to purchase a single-family home that was being used as an industrial storage facility. Our client specializes in identifying properties that can be converted into industrial use. They will convert the existing single-family home to small offices and develop the large lot to allow for heavy vehicle storage.
The biggest hurdle on this transaction was that the property was going to be used for industrial storage use. Obtaining a valuation for that use can be difficult without many comparable sales in the market. Using an income valuation approach of similar properties in the market, we were able to obtain a value and approval the hard money bridge loan request.
This loan was a great example of how TaliMar Financial can provide private money financing secured on various property types including single-family, multi-family, and industrial properties. Our team works closely with our Borrowers to understand their goal with the transaction and then creates a loan structure that best suits their needs. As a Direct Lender through our mortgage fund TaliMar Income Fund I, we can often provide a more aggressive lending program at better pricing.
Special thanks to Gina Roberts at Canyon Escrow Inc and John F Allen at Chicago Title – Irvine 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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