San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $512,000 hard money bridge loan secured in 1st position on a duplex in San Diego, CA. The Borrower reached out to us to refinance their existing hard money loan that was maturing. They were seeking a longer-term bridge loan so they could obtain building plan approval for a future development project.
The biggest hurdle on this transaction was the short time frame to close and the inability to obtain a payoff demand from the existing hard money lender in a timely manner. Due to our relationship with the existing hard money lenders’ loan servicer, we were able to assist the borrower in obtaining the payoff demand after they had made numerous requests.
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.
Check out our hard money loan programs by clicking here.
Contact TaliMar today at (858) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.