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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 $465,000 Hard Money Commercial Bridge Loan secured on a Commercial Building in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quite close on a commercial building. Their existing lending relationships did not fund commercial private money loans and so they were looking for an “out-of-the-box” hard money lender.
The biggest hurdle on this transaction was that the commercial was currently a commercial use building, but the zoning had been recently modified to allow for mixed-use. Our client recognized the opportunity to combine the property with an adjacent residential property to build a multi-family property.
This loan was a great example of why real estate investors should use a Direct Lender to fund their hard money bridge loan requests. As the fund manager of TaliMar Income Fund I, TaliMar Financial excels in providing solutions to investors in real estate for their purchase and refinance loans.
Special thanks to Carolyn Church with Ticor Title and Candy Church with 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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