Carlsbad, CA– TaliMar Financial, a Carlsbad, CA hard money lender, is pleased to announce our most recent funding of a $1,039,850 Hard Money Bridge loan secured on a Single Family home in Carlsbad, CA.
The Borrower was referred to us by a mortgage broker who was having trouble finding a Lender to fund the purchase loan because the property was being used as a sober living facility. The Borrower had worked with several lenders who couldn’t close and had very little time before the option contract was to expire. TaliMar Financial worked closely with the Borrower to quickly underwrite and close the hard money loan request.
As a Hard Money Lender, we see a lot of loan requests that do not meet the strict underwriting guidelines of conventional lenders. Because we are a direct lender, we can typically structure a loan around the specific needs of the Borrower. In this case, though the sober living facility was extremely profitable, conventional lenders simply would not fund it. In our case, we were comfortable with the borrower, the property, the use, and definitely the income.
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.