La Mesa, CA– TaliMar Financial is pleased to announce our most recent funding of a $578,000 Hard Money Fix and Flip Loan secured on a single-family home in La Mesa, CA. The Borrower will complete a cosmetic update of the property before listing it for sale.
The biggest challenge on this project was a tenant would be occupying the property at the time of purchase. With new regulations regarding tenant evictions, many Lenders will refuse to lend on tenant occupied properties. In this scenario, the client presented us with a tenant signed agreement to vacate the property, and funds due to the seller at payoff were withheld until the tenant vacates.
As a La Mesa hard money lender, TaliMar Financial is often required to provide solutions to our Borrowers in order to fund a loan. Typically discussing the issue with the Borrower and offering several solutions will bring the lender and borrower to a compromise to create a win-win scenario.
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.