San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $400,000 Bridge Loan secured on a condominium in San Diego, CA. The loan was underwritten for 36 months with no prepayment penalty.
The Borrower had purchased the property several years earlier and had no debt secured on the property. They were seeking a “cash-out” hard money bridge loan to purchase another property out of state.
Private Money Bridge Loans are an excellent option for a real estate investor that needs to close quickly on a purchase or refinance. Hard Money Bridge Loans are often secured in 1st position or 2nd position on a residential single-family home, multi-family apartment building, commercial building, or land.
Our team worked closely with the Borrower to expedite the closing. That meant obtaining the application, diligence material, and draft closing documents within 3 business days.
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!