Morrison, CO – TaliMar Financial, a Morrison Hard Money Lender, is excited to announce the most recent funding of an $880,000 Hard Money Bridge Loan, secured on a Single-Family Rental Property in Morrison, CO. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term bridge loan to purchase a rental property through a 1031 exchange. Their original lender had approved the client for a purchase loan but delayed the closing and changed the terms. The client was getting nervous and contacted TaliMar Financial to secure the hard money financing.
The biggest hurdle on this transaction was that the client had less than 5 business days to close on the purchase. By submitting their loan request through the automated TaliMar Financial Loan Application Hub, we were able to expedite the approval and close quickly.
This loan was a great example of why a real estate investor should consider using TaliMar Financial for the Hard Money Bridge Loans. As a Direct Lender, we can quickly approve and fund loan requests that would not normally meet the strict guidelines of conventional lenders.
Special thanks to Donelle King at Land Title Guarantee Company and Rand Peterson at Land Title Guarantee 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!