San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $257,600 hard money bridge loan secured in 1st position on a single-family rental property in San Diego, CA. The borrower is in the process of submitting plans to build an accessory dwelling unit (“ADU”) on the property.
The biggest hurdle on this transaction was that the existing hard money loan was nearing maturity and our Borrower needed to close quickly. Our team worked closely with the Borrower to structure a longer-term hard money bridge loan that paid off the existing purchase loan and provided them sufficient time to obtain building plan approval and build the ADU.
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.