Recent Funding: $891,000 Fix and Flip Loan in San Diego, CA

San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $891,000 Hard Money Fix and Flip Loan, secured on a single-family home in San Diego, CA. The loan was originated by Brock VandenBerg.

The Borrower contacted TaliMar Financial because they were seeking a short-term private money rehab loan to purchase and renovate a single-family home. Because the Borrower was a repeat borrower and already had a Preferred Borrower Account, we were able to approve the loan in less than 24 hours. Additionally, we didn’t require an appraisal or credit check on the loan request. The loan included funds for the purchase and one hundred percent of renovation costs. The renovation funds will be disbursed to the Borrower over the course of the project.

We are proud of this transaction for several reasons. First, we issued the Borrower a Proof of Funds Letter for their purchase offer. Because the Borrower was part of our Preferred Borrower Account program, they had access to a general Letter of Credit and Proof of Funds letter. Second, once the offer was accepted, the borrower submitted the formal loan request through our Borrower Portal and received a term sheet in less than 24 hours.

This loan was a great example of why real estate investors and operators trust TaliMar Financial to fund their loan requests. Because we are a mortgage REIT (learn more about TaliMar Income Fund I), we can offer more flexible lending programs. Contact our team today with your loan request or to learn more about our Preferred Borrower Account program.

Special thanks to Julie Halferty at Allison McCloskey Escrow and Denisa Kirchoff at Fidelity National Title Company for assisting us with the close.