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San Diego, CA – TaliMar Financial, a San Diego Hard Money Lender, is excited to announce the most recent funding of a $904,000 Construction Loan, secured on an existing single-family home in San Diego, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking funds to build an accessory dwelling unit, also known as an ADU, on their rental property. TaliMar Financial had financed a Hard Money Bridge Loan when they originally purchased the property with the understanding that we would refinance the property a Hard Money Construction Loan when they obtained building plan approval.
The biggest hurdle on this transaction was that the Borrower had obtained building plan approval for the accessory dwelling unit much quicker than anticipated. Our team worked quickly, however, to structure the private money construction loan for the Borrower.
This loan was a great example of TaliMar Financial being able to structure a multi staged hard money bridge loan and convert it into a hard money construction loan. As a direct private money lender through TaliMar Income Fund I, TaliMar Financial can offer more flexibility and better terms than many other hard money lenders.
Special thanks to Julie Halferty at Allison-McCloskey Escrow Company and Karen Dennis 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
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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