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Escondido, CA – TaliMar Financial, an Escondido Hard Money Lender, is excited to announce the most recent funding of a $456,500 Hard Money Fix and Flip Loan secured on a Single Family Home in Escondido, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were looking to purchase and renovate a property. Once the renovations were completed, they were going to sell the property for a profit. Their request included funds for the purchase and renovation costs.
The biggest hurdle on this transaction was that the Borrower needed funds for both the purchase and renovation costs and therefore the loan had to be underwritten to After Completion Value (ARV). Because TaliMar Financial specializes in underwriting Fix and Flip Loans based upon Completion Value, we quickly provided them a term sheet and approved their loan request within 48 hours.
This loan was a great example of TaliMar Financial working quickly to meet the demands of our real estate investor client. As a Direct Lender through TaliMar Income Fund I, we can quickly approve and fund loan requests within 5 to 10 business days.
Special thanks to Kathy Meier at Coastal First Escrow and Marina Nguyen at Ticor Title 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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