San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of an $826,000 hard money bridge loan secured on a single-family home in San Jose, CA.
The Borrower first approached TaliMar Financial seeking a purchase and construction loan. Because the Borrower did not have construction plans approved and would only be able to supply an estimated budget, TaliMar Financial suggested the Borrower start with a purchase loan. Once they had their construction plans approved and they were able to create a more accurate budget, follow up the purchase with a new construction loan.
The biggest hurdle on this transaction was the two-step loan structure. The first step is the purchase loan and once the plans are approved, refinance the loan into a construction loan.
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.