Three Rivers, CA – TaliMar Financial, a Three Rivers Hard Money Lender, is excited to announce the most recent funding of a $975,000 Hard Money Bridge Loan, secured on a Single Family Home in Three Rivers, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a short-term private money bridge to purchase a single-family rental property. They had excellent credit and owned a portfolio of rental properties in the area. However, due to the location of the property and the need to close quickly, they made the decision to go hard money for the purchase.
The biggest hurdle on this transaction was that the Borrower had to close quickly and that the property was located in a secondary market. We considered the Borrower’s financial strength and experience in the vacation rental market and quickly approved the loan. And yes, they used our Online Loan Application Portal to submit their loan request to expedite the approval.
This loan was a great example of why a real estate investor would consider using a hard money lender to fund their private money purchase bridge loan. As a direct Lender through our mortgage fund, TaliMar Income Fund I, we can often structure loans around the specific needs of the client at competitive pricing.
Special thanks to Kim Ramsey and Raul Lirio at Chicago Title for assisting us with the close.
#talimarfinancial #talimarincomefund #bridgeloan #hardmoney #chicagotitle #threerivers
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!