El Cajon, CA – TaliMar Financial, an El Cajon Hard Money Lender, is excited to announce the most recent funding of a $1,001,000.00 Hard Money Bridge Loan, secured on a single-family home in El Cajon, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term bridge loan to buy out a partner from a portfolio of properties they had owned together. The Borrower had approached several conventional lenders for financing, but because of the litigation between the two partners, the lenders were not interested in getting involved. Believe it or not, this is a very common reason why real estate investors contact a Hard Money Lender for financing.
The biggest hurdle on this transaction was that the closing had been extended over 90 days as the two parties negotiated the settlement. Once a settlement was reached, the Borrower had 10 business days to close. TaliMar waited patiently for the settlement and once we were given the green light, quickly funded the loan.
This loan was a great example of why real estate investors may need a hard money lender (Top 4 Reasons Why You may Need a Hard Money Lender). Private real estate lenders link TaliMar Financial provide the financing my investors need to fund a complicated transaction. And many investors contact TaliMar Financial because we are a direct lender.
Special thanks to Julie Halferty at Allison McCloskey Escrow and Marlo Macias at Fidelity National Title Company for assisting us with the close.
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!