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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 $490,000 Hard Money Fix and Flip Loan secured on a Single Family Home in San Diego, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a Proof of Funds Letter to submit their offer. Being that TaliMar Financial is a lender partner to real estate investors, we suggested the Borrower sign up for the Preferred Borrower Account Program. Once completed, we issued them a Letter of Credit to submit with their offers and within 30 days, they had a property under contract.
The biggest hurdle in this transaction was that the Borrower had not been pre-approved with TaliMar Financial for a Fix and Flip Loan prior to requesting the Proof of Funds Letter. However, we were able to quickly get them approved once they completed their Preferred Borrower Account application using some of the basic tips we discuss in our How to Get Approved for a Hard Money Loan article.
This loan was a great example of our team coming together and working with the Borrower to get pre-approved for a Hard Money Loan.
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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