San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $169,000 1st trust deed hard money Fix and a Flip loan secured on a condominium in San Diego, CA. Our client will complete a cosmetic update of the property before listing it for sale.
The renovations for the property will be cosmetic and include replacing the kitchen and bathroom, installing new flooring, updating the fixtures, and applying new paint. The property will be a great option for a first-time homebuyer or buyer looking to downsize.
The hard money fix and flip loan included funds for the purchase and 100% of the renovation costs. The renovation funds will be disbursed to the borrower over the course project in four draws.
The biggest hurdle in this transaction is that the property was a condominium. Many hard money lenders are hesitant to lend on condominiums because conventional financing can be difficult to obtain if the property has a high percentage of non-owner occupied units and the HOA can delay the renovation timeline.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.