San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $568,000 Fix and Hold Loan loan secured on a single-family home in San Diego, CA. The loan funded both the purchase and renovation costs of the property. Our client will complete a renovation of the property and hold it as a long term rental.
Our client contacted TaliMar Financial seeking funds for the purchase and renovation of the property. We structured a loan that provided sufficient funds for the purchase and the entire renovation budget. Our construction release schedule will allow the client to quickly complete the renovations.
The hurdle on this transaction was that the renovations included the addition of an accessory dwelling unit (ADU). Obtaining a finished value on a property with an ADU can be difficult because typically there are few sales of updated properties with ADU’s. Using a blended comparable sales analysis and income approach, we worked with the client to establish a finished value.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.