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Three Rivers, CA – TaliMar Financial, a Three Rivers Hard Money Lender, is excited to announce the most recent funding of a $747,500 Hard Money Bridge Loan, secured on a Single Family Home in Three Rivers, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quick close, short-term private money bridge loan to close on a single-family home. They intend to update the property and hold it as a long-term vacation rental. Our loan will be refinanced with a conventional bank loan after the Borrower is able to stabilize the property with consistent income.
The biggest hurdle on this transaction was that the property was located in a secondary market. After our team spoke with the Borrower and gained a better understanding of their experience buying and managing properties as vacation rentals, we quickly approved and funded the loan.
This loan was a great example of our ability to structure a loan around the needs of the Borrower. Because TaliMar Financial is a Direct Lender through TaliMar Income Fund I, we can often work with the Borrower to identify the right loan structure that meets the requirements of the Borrower and stays within our lending guidelines.
Special thanks to Lori Campbell and Raul Lirio at Stewart Title for assisting us with the close.
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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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