San Diego, CA– TaliMar Financial is pleased to announce our most recent funding of a $630,000 Hard Money Cash Out Refinance loan secured on a Single Family Home in San Diego, CA.
Our client originally purchased the property with the intent of building a separate Accessory Dwelling Unit (ADU). The building plan approval had been delayed and the original hard money loan was maturing. We offered the client to refinance the loan into a longer term bridge to give them more time to obtain building plans. Once the plans are approved, we will refinance into a construction loan.
One of the biggest benefits of working with TaliMar Financial, a San Diego Hard Money Lender, is that we design loan programs around the borrower’s needs. In this case, the Borrower didn’t have the plans approved and therefore couldn’t provide a detailed cost breakdown. As a result, we simply funded two stage loans that included a stage 1 Bridge Loan and then a stage 2 Construction Loan.
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!