San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $222,000 Bridge loan secured on a condominium in Spring Valley, CA. The Borrower had an existing hard money loan that had matured and was looking to refinance into a longer-term private money loan.
The biggest hurdle on this transaction was that the existing bridge loan had matured, and the Borrower lacked a credit history. Because the property had positive cash flow and the Borrower had verified income, TaliMar Financial got comfortable with the risk and funded the transaction. Once the Borrower establishes a stronger credit history, they will refinance our loan with conventional financing.
About TaliMar Financial
TaliMar Financial is a California 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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.