San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $664,000 hard money bridge loan secured in 1st position on a condominium in Imperial Beach, CA.
The Borrower had another hard money loan that was maturing and was seeking a new hard money loan with a longer-term and lower rate. We were able to provide a bridge loan that offered a 24-month term and cash out.
The biggest hurdle on this transaction was the borrower was a business owner and didn’t show consistent income. Using 6 months of bank statements, we were able to get the Borrower approved.
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.