Solana Beach, CA – TaliMar Financial, a Solana Beach Hard Money Lender, is excited to announce the most recent funding of a $575,000 2nd Trust Deed Hard Money Bridge Loan, secured on a Single Family Home in Solana Beach, CA. The loan was originated by Brock VandenBerg.
The Borrower was referred to TaliMar Financial through their real estate agent. They were seeking to purchase an investment property in Colorado and needed a cash out refinance for the down payment on the investment property. We structured a 2nd Trust Deed at 60% Loan to Value and funded the loan in less than 5 business days.
The biggest hurdle on this transaction was that the loan request was a 2nd Trust Deed. Many hard money lenders will not fund 2nd position loans, however, due to the financial strength of the Borrower and the low loan to value, our team was able to make an exception and fund the hard money loan request.
This loan was a great example of TaliMar Financial identifying a solution for the Borrower and funding the loan request. As a Direct Lender, TaliMar Financial can often fund hard money loan requests that will not meet the strict underwriting guidelines of other conventional lenders.
Special thanks to Julie Halferty at Allison McCloskey and Jason Silva at Chicago Title Company for assisting us with the close.
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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!