Poway, CA– TaliMar Financial is pleased to announce our most recent funding of an $801,750 Hard Money Bridge Loan secured in 1st position on a Single Family Home in Poway, CA. The loan was underwritten to 70% of the current value with a term of 24 months.
The biggest hurdle in this transaction was the property was recently leased and the borrower was self-employed. When considering the Borrower’s income plus the rental income from the property, we approved the Borrower with the exit strategy being a conventional refinance.
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.