San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $910,000.00 Hard Money Bridge Loan, secured on a single-family home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were under contract to purchase two adjacent parcels, each improved with a storefront, near downtown San Diego. In effort to increase the number of residential units, the parcels were recently rezoned multi-family residential and allowed for a density bonus if the owners included low-income housing in their development plans.
The biggest hurdle on this transaction was that the highest and best use for the property assumed the existing structures on the property were demolished. Because we are a Direct Lender, we can be flexible in our underwriting guidelines and accept the use without the structures.
This loan was a great example of why real estate investors should consider using a hard money lender, like TaliMar Financial, to fund their purchase loans or refinance loans. TaliMar Financial is the manager of TaliMar Income Fund, a mortgage fund, which allows us to fund much quicker and provide better lending options than most other private money lenders.
Special thanks to Jennifer Decker at Five Star Escrow and Ryan Lipsey at Ticor Title 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!