San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $700,000 Rehab & Hold Loan secured on a single family home in San Diego, CA. The funds were used to purchase and rehab the property. Our client will also be adding an accessory dwelling unit (ADU) which will add substantially more value to the property and offer significantly more cash flow.
The biggest hurdle on this transaction was to identify comparable sales in the market. Because ADU’s are relatively new to the San Diego housing market, there are not many sales that have occurred establishing market value. As a result, TaliMar had to consider future cash flow from the additional living area and calculate value based upon income. The Borrower will refinance the loan with conventional financing once the construction is complete.
About TaliMar Financial
TaliMar Financial is a California 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.