Three Rivers, CA – TaliMar Financial, a Three Rivers Hard Money Lender, is excited to announce the most recent funding of a $754,000.00 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 private money cash-out refinance loan to purchase another property. They had recently purchased the property “all cash” and were renting it as a vacation rental. They were unable to get conventional lending because the loan had to close quickly in order for them to purchase another property.
The biggest hurdle on this transaction was that the client needed to close quickly so they could use the funds to purchase another property. As a Direct Lender through TaliMar Income Fund I, we were able to structure and fund the loan in less than 7 business days.
This loan was a great example of why real estate investors use TaliMar Financial to fund their asset-based loans. Our Private Money Loan programs offer investors that purchase single-family, multi-family, and commercial properties the flexibility they need to grow their property portfolio.
Special thanks to Julie Halferty at Allison McCloskey 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!