San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $675,000 30 Year Rental Loan in San Diego, CA. Brock VandenBerg originated the loan.
The client approached TaliMar Financial seeking a long-term lending program to refinance an existing Hard Money Fix and Hold Loan. The original loan funded the purchase and renovation of the property. The borrower leased the property once the renovations were completed.
The biggest hurdle on this transaction was the property was purchased less than 6 months prior to the refinance. Most lenders require the borrower to own the property for at least 12 months prior to refinancing a property, but we funded the loan in less than 4 months
This loan was a great example of our ability to work with the Borrower to provide a full life cycle lending program. That included from the original purchase, through the renovation, and then finally with a more 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) 242-4900 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.
Up to 80% of Value
Purchase / Refinance
As Low as 3.875%
Interest Payments Available
Cash Out OK
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Interest Only Payments
Single Family and Multi-Family
Business Purpose Only
The Preferred Borrower Account Program was designed for the real estate investor. The PBA Program offers real estate investors a secure source of capital for their real estate deals. By getting approved, investors will have access to a TaliMar Financial Letter of Credit, property specific Proof of Funds Letters, 5 Day Expedited closings, and our Wholesale Deal Marketplace.
The process of getting approved is simple. Apply today!