Recent Funding: $617,000 Fix and Flip Loan in Alpine, CA

 

 

Alpine, CA – TaliMar Financial, an Alpine Hard Money Lender, is excited to announce the most recent funding of a $617,000 Hard Money Fix and Flip Loan, secured on a single-family home in Alpine, CA. The loan was originated by Brock VandenBerg.

The Borrower contacted TaliMar Financial because they were seeking a short to private money fix and flip loan that included a renovation reserve to acquire a distressed single-family home. The first step in funding this transaction for the client was to issue a Letter of Credit. Once their offer was accepted, we quickly underwrote, approved, and funded the loan.

The biggest hurdle on this transaction was that the client had never purchased an investment property with the exit strategy as being the sale. After a brief interview with the Borrower in which they explained they had been involved with over 10 flips with other investors and would be using their network with investors for guidance, we approved the loan request.

This loan was a great example of why TaliMar Financial is the preferred hard money lender for new and experienced real estate investors. Because we manage our own mortgage fund, TaliMar Income Fund I, we often have more flexibility in our loan structure and pricing.

Special thanks to Jessica Maldonado at Pickford Escrow and Dave Turner at California Title Company 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.

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LOAN PROGRAMS

30 YR RENTAL

Up to 80% of Value

Purchase / Refinance

As Low as 3.875%

Interest Payments Available

Cash Out OK

Minimum Documentation

Business Purpose Only

FIX AND FLIP

Up to 70% of Completion Value

12 – 24 months

Low Rates

Interest Only Payments

Single Family and Multi-Family

California Only

Business Purpose Only

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Preferred Borrower Account Program

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!

Your Trusted Hard Money Lender

Contact Us Today

Your Trusted Hard Money Lender

Contact Us Today

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