San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $827,770 30 Year Rental Loan, secured on a 4 Unit Multi-Family Property in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a 30 Year Rental Loan, also known as a DSCR Loan, to complete a cash-out refinance of a property they owned. They were not interested in submitting a tax return or income statements to get approved but preferred to use the rental income of the property. From start to finish, the underwrite and closing took less than two weeks because they used our Borrower Portal to submit the loan request and submit their due diligence material.
The biggest hurdle on this transaction was that the client had recently finished renovating the property. Most lenders will require a minimum seasoning period of six months from when the borrower purchased the property before they can refinance. However, our 30 Year Rental Loan program has a zero-seasoning period if the Borrower can demonstrate they completed a substantial renovation of the property. Learn more about our 30 year rental loan program by watching this video -> .
This loan was a great example of how TaliMar Financial specializes in funding residential and commercial private money loans. Our loan programs include Fix and Flip, Fix and Hold, Bridge, and 30 Year Rental loans. Contact our team today to learn how we can help you!
Special thanks to Julie Halferty at Allison McCloskey Escrow and Karen Dennis at Ticor Title 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!