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.
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!