Recent Funding: $570,000 Fix and Flip Loan in San Diego, CA
tel: 888.868.8467
San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $570,000.00 Hard Money Fix and Flip Loan, secured on a Triplex in San Diego, CA. The loan was originated by Brock G. VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term private money real estate loan to purchase a three-unit apartment building. They intend to renovate the property before listing it for sale or holding it as a long-term rental for cash flow (learn more about our Fix and Flip Loan program). The Borrower requested that the loan include a renovation reserve.
The biggest hurdle on this transaction was that the client was purchasing the property from a wholesaler (read our article on What is a Wholesaler) and needed to close quickly. They also required a Proof of Funds Letter when they submitted their offer to the wholesaler. Because they were already approved through our Preferred Borrower Account program, we were able to quickly issue a POF Letter and close within 5 business days.
This loan was a great example of why investors that buy real estate investment properties trust TaliMar Financial for their hard money loan requests. As a direct lender through our own mortgage fund, TaliMar Income Fund I (learn about TaliMar Income Fund I), we can provide flexible lending programs that meet the requirements of our clients.
Special thanks to Jamie Dominguez at Grossmont Escrow Co. and Bonnie Stark at First American Title Company 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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