San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $860,000 Bridge Loan secured in 1st position on a condominium in San Diego, CA. The Borrower purchased the property as an investment property and will hold it as a long-term vacation rental.
The Borrower was referred to us by a mortgage broker who recognized early in the underwriting process that their client would not qualify for conventional financing. They reached out to us to provide a short term bridge
loan so they could close on the condominium with the intention of refinancing with a conventional mortgage in 6 to 9 months.
As a hard money lender, there are plenty of circumstances that require alternative financing options. In this case, the Borrower had to close quickly and they weren’t able to satisfy the conventional lenders’ DTI ratio.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.