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National City, CA – TaliMar Financial, a National City Hard Money Lender, is excited to announce the most recent funding of a $1,200,000.00 Hard Money Fix and Hold Loan, secured on a 4-Plex in National City, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quick close on a residential four plex in San Diego. Their intention was to renovate the property and hold as a long-term rental. The client was a repeat borrower so we were able to quickly approve their loan request, even providing them a Proof of Funds (read What is a Proof of Funds Letter) for the purchase offer (request a Proof of Funds Letter by clicking here)
The biggest hurdle on this transaction was that the Borrower needed to close in 5 days from the day of acceptance and waive all contingencies. Because we are a direct lender with our own mortgage fund, we quickly reviewed our clients loan submittal and responded with a final approval in less than 24 hours.
This loan was a great example of why real estate investors continue to use TaliMar Financial for their hard money Fix and Flip loan requests. As a direct lender with our own mortgage fund (learn about TaliMar Income Fund I), we can quickly evaluate a loan request and fund within 5 business days.
Special thanks to Maria Ontiveros 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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