Ramona, CA – TaliMar Financial, a Ramona Hard Money Lender, is excited to announce the most recent funding of a $374,500 Hard Money Fix and Hold loan secured on a Duplex in Ramona, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a private money Fix and Hold to acquire and renovate a single-family home. They needed to close quickly and were looking for construction funds to complete the renovation. The loan request was an ideal fit for our hard money loan program. The Borrower also took advantage of our Preferred Borrower Account Program to get preapproved for the loan and used our Borrower Portal to quickly submit their underwriting documents.
The biggest hurdle on this transaction was that the client needed to close quickly, and the property had been converted to a duplex. Also, one of the units had been recently updated by the prior owner, but the second unit had to fully renovated. Because TaliMar Financial is a Hard Money Lender, we were able to quickly understand the Borrower’s strategy to bring the property back in compliance with the building code and their intended renovation.
This loan was a great example of how TaliMar Financial leverages technology to quickly review and approve new loan requests. By using our Borrower Portal, real estate investors can quickly get preapproved for a credit line and submit requests for a Proof of Funds Letters. Real Estate investors can also submit new loan requests, submit diligence documents, view the current status of their loan approval, and request construction draws on their new loans.
Special thanks to Janet Viloria at Chartwell Escrow and Marie Castillo at WFG National Title Company 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!