San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $366,000 Hard Money Construction Loan in Ramona, CA. The Borrower approached TaliMar Financial with fully approved plans to build the single family home. The lot had been improved with a home that was destroyed in a fire and the former owner was not interested in rebuilding. The Borrower purchased the property in a cash transaction and obtained the building permit before closing on the construction loan.
The biggest hurdle on this transaction was the Covid-19 crisis had stopped all new construction loans. However, the Borrower had obtained the building permits, they had considerable experience building single family homes in that specific market, showed substantial liquidity, and the price point of the finished home was marketable to a move up buyer.
About TaliMar Financial
TaliMar Financial is a California 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) 613-0111 with your loan request or visit talimarfinancial.com to learn more about our hard money lending programs.