San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $320,000 Hard Money Bridge Loan secured on a condominium in San Diego, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short-term Bridge Loan to purchase and renovate a condominium. The Borrower requested a Proof of Funds Letter for their offer. After having the Borrower sign up for our Preferred Borrower Account Program, we issued them their POF Letter. Their offer was subsequently accepted, and we immediately moved to close.
The biggest hurdle in this transaction was that the loan request was that the Borrower was not pre-approved with TaliMar Financial for our Preferred Borrower Account Program. Upon their request, we sent them a link to the Preferred Borrower Account Application and approved them within less than 24 hours.
This loan was a great example of the TaliMar Financial Loan Origination Team working with a perspective Borrower to get them approved for our Preferred Borrower Account Program.
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!