Big Bear, CA – TaliMar Financial, a Big Bear Hard Money Lender, is excited to announce the most recent funding of a $307,300 Hard Money Fix and Hold Loan secured on a Single Family Home in Big Bear, CA. The loan was originated by Brock VandenBerg.
The Borrower contacted TaliMar Financial because they were seeking a quick close on a single-family home that suffered from significant deferred maintenance. Their intention was to acquire the home with a Private Money Fix and Flip loan, renovate the interior and exterior, and then hold it as a long-term rental for cash flow. The Borrower will take advantage of our Long Term Rental Program for the refinance.
The biggest hurdle on this transaction was the property is located in a secondary, second home market. However, due to the demand for housing in the Big Bear area the Borrower’s experience in buying homes in the market, we approved and funded the hard money loan.
This loan was a great example of TaliMar Financial working with our clients to provide the financing they need to acquire an investment property. We are excited to see the outcome of the renovations and the long-term success of the property. Additionally, the Borrower had been approved for our Preferred Borrower Account Program which made the approval process significantly quicker.
Special thanks to Ashley Carroll at Mountain Top Escrow and Dawn Allen at Chicago 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.
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!