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Poway, CA – TaliMar Financial, a Poway Hard Money Lender, is excited to announce the most recent funding of a $440,000 Hard Money Bridge Loan secured on a Single Family Home in Poway, CA. The loan was originated by Brock VandenBerg.
The client approached TaliMar Financial seeking a short bridge loan to purchase another investment property. They needed to close quickly because the other property was under contract and their current lender would not approve their loan because of a Debt to Income Ratio issue. We were comfortable with the Loan to Value Ratio and the Borrower presented a clear exit strategy.
The biggest hurdle on this transaction was that the Borrower had to close quickly. Because TaliMar Financial is a direct lender through TaliMar Income Fund I, we can often close in less than 5 business days.
This loan was a great example of another reason why real estate investors should work with a hard money lender that is a direct private money lender. Being a direct private money lender, TaliMar Financial can quickly provide real estate investors guidance on their loan requests and structure a loan around their specific needs.
If you have not already, consider signing up for our Preferred Borrower Account Program. The program allows real estate investors to get pre-approved with a Letter of Credit that they can use to submit with their purchase offers. Get signed up today and get the benefits of having TaliMar Financial in your corner!
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
Minimum Documentation
Business Purpose Only
Up to 70% of Completion Value
12 – 24 months
Low Rates
Interest Only Payments
Single Family and Multi-Family
California Only
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!
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