San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $1,400,000.00 Hard Money Bridge Loan, secured on a commercial property in San Diego, CA. The loan was originated by Brock VandenBerg.
TaliMar Financial was contacted by the mortgage broker representing their Borrower because their existing lender canceled the funding 5 days prior to close. Our team worked closely with the Borrower and the mortgage broker to obtain the diligence material and get final loan approval. We also communicated with the seller who was getting very uncomfortable that the buyer would not be able to perform. We were able to assure all the interested parties that we were committed to funding the loan which allowed our client to extend the escrow and close two weeks later.
The biggest hurdle on this transaction was that the loan request came to us 5 days prior to close. This is not an uncommon situation, especially in today’s volatile market. Because we are a Direct Lender through our mortgage fund, TaliMar Income Fund I, we can typically offer the Borrower aggressive pricing and close in less than 5 business days.
This loan was a great example of how a real estate investor can use a private lender like TaliMar Financial to quickly close on a purchase or a refinance.
Special thanks to Robert Shaw and Richard Moore at Chicago Title Company – Northside 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
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Interest Only Payments
Single Family and Multi-Family
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!