El Cajon, CA – TaliMar Financial, a El Cajon Hard Money Lender, is excited to announce the most recent funding of a $958,750.00 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 buyout a capital partner. In doing so, the property would need to be transferred to a new entity solely owned by the Borrower. Once the Borrower demonstrated several months of payments, they will refinance the property with conventional financing.
The biggest hurdle on this transaction was the timing. The Borrower had originally contacted TaliMar Financial in late 2022 for the financing but was delayed due to the negotiations. During that period, there were significant disruptions in the capital markets but because TaliMar Income Fund is a direct lender, we had the capital available to close once the Borrower was ready.
This loan was a great example of why real estate investors should consider using a private lender that manages their own funds. By doing so, the Borrower will have a much greater surety of close, especially if the market changes.
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!