San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $292,500 Hard Money Bridge Loan secured on a single-family home in San Diego, CA. The loan was structured as hard money cash out refinance.
This was another example of win-win hard money refinance bridge loan. The Borrower had used a very short-term hard money fix and flip loan to purchase and renovate the property. The Borrower had completed the
renovations and leased the property, but due to the borrower credit and property, was unable to secure conventional bank financing.
TaliMar Financial structured a medium-term 36-month bridge loan to payoff the existing hard money loan that was maturing and offered a significantly lower rate. The income generated from the property covered the monthly payment, taxes, and insurance.
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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.