San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $513,200 in 30 Year Rental Loan with interest-only payments secured on a Duplex in El Cajon, CA.
The Borrower had purchased the property with a private money loan and had completed a full renovation. The Borrower then leased the property on a 12-month lease.
The loan was a win-win-win for all parties. Our Borrower was able to hold the property long term and earn monthly rental income, obtain cash out, and get a low rate payment. The private lender received their payment and TaliMar Financial funded another 30 Year Rental Loan.
The 30 Year Rental Loan has been a “game changer” for the real estate investor. Unlike conventional lenders, the loan is underwritten to the property and not the Borrower’s financials. TaliMar Financial only requires a 12-month lease agreement, positive debt service, and an appraisal.
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!