San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $242,00 Bridge loan secured on a single-family home in San Diego, CA.
The Borrower had an existing hard money loan that had matured and the lender was unwilling to extend the loan. TaliMar Financial structured a 12-month loan for the Borrower that included cash out to update the property. The Borrower intends to sell the property once the renovations are complete.
The biggest hurdle on this transaction was that the Borrower showed no income. We structured a loan that includes a 12-month payment reserve and impounds for property taxes and insurance.
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.
Check out our hard money loan programs by clicking here.
Contact TaliMar today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.