Chula Vista, CA – TaliMar Financial, a Chula Vista Hard Money Lender, is excited to announce the most recent funding of a $1,030,000 Hard Money Bridge Loan secured on a Single Family Home in Chula Vista, CA. Brock VandenBerg originated the loan.
The client approached TaliMar Financial seeking a short term Hard Money Bridge Loan on an existing property they owned to acquire another property.
The biggest hurdle on this transaction was that the client had to close in less than 5 business days. Due to the borrower’s strong credit and income, TaliMar Financial waived the appraisal requirement. Additionally, we extend the loan term from 12 months to 36 months with no pre-payment penalty.
This loan was a great example of why a real estate investment may consider a Hard Money Bridge Loan through our mortgage fund TaliMar Income Fund I. Unlike conventional lenders that have strict underwriting guidelines, we can typically structure a loan around the needs of the client.
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!